Dimensional Fund Advisors LP Has $266.72 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Dimensional Fund Advisors LP boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,725,605 shares of the real estate investment trust's stock after acquiring an additional 24,407 shares during the quarter. Dimensional Fund Advisors LP owned about 1.48% of Mid-America Apartment Communities worth $266,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in shares of Mid-America Apartment Communities by 0.3% during the 4th quarter. First Trust Advisors LP now owns 68,617 shares of the real estate investment trust's stock worth $10,606,000 after acquiring an additional 178 shares in the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Mid-America Apartment Communities by 7.7% during the fourth quarter. Freedom Investment Management Inc. now owns 3,395 shares of the real estate investment trust's stock valued at $525,000 after purchasing an additional 244 shares during the last quarter. GeoWealth Management LLC boosted its position in shares of Mid-America Apartment Communities by 9.6% in the 4th quarter. GeoWealth Management LLC now owns 4,349 shares of the real estate investment trust's stock valued at $672,000 after purchasing an additional 380 shares during the period. Commerce Bank increased its stake in Mid-America Apartment Communities by 1.1% in the 4th quarter. Commerce Bank now owns 8,998 shares of the real estate investment trust's stock worth $1,391,000 after purchasing an additional 99 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Mid-America Apartment Communities by 4.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 213,072 shares of the real estate investment trust's stock worth $32,916,000 after purchasing an additional 8,919 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAA has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. Morgan Stanley raised shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Royal Bank of Canada boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Evercore ISI lifted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $168.76.

Mid-America Apartment Communities Price Performance

MAA remained flat at $159.52 on Thursday. The company had a trading volume of 683,379 shares, compared to its average volume of 737,961. The company has a market capitalization of $18.65 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The stock's fifty day simple moving average is $161.34 and its two-hundred day simple moving average is $157.13. Mid-America Apartment Communities, Inc. has a 12-month low of $126.70 and a 12-month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. On average, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.80%. Mid-America Apartment Communities's dividend payout ratio is presently 135.27%.

Insider Activity at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the transaction, the chief executive officer now directly owns 324,171 shares in the company, valued at $53,890,187.04. This represents a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 7,140 shares of company stock worth $1,142,842 in the last 90 days. 1.30% of the stock is owned by company insiders.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.