Employees Retirement System of Texas Has $7.03 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Employees Retirement System of Texas lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 30.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,477 shares of the real estate investment trust's stock after selling 20,000 shares during the period. Employees Retirement System of Texas' holdings in Mid-America Apartment Communities were worth $7,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its stake in Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock valued at $1,233,000 after buying an additional 68 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 68 shares during the period. Sanctuary Advisors LLC lifted its position in Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock valued at $1,704,000 after acquiring an additional 69 shares in the last quarter. Huntington National Bank lifted its position in Mid-America Apartment Communities by 6.4% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock valued at $181,000 after acquiring an additional 70 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Mid-America Apartment Communities by 30.5% in the 4th quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 75 shares during the period. Institutional investors own 93.60% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MAA. StockNews.com upgraded Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a report on Sunday, April 6th. BMO Capital Markets cut their target price on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a research note on Tuesday, January 21st. KeyCorp raised shares of Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 price target for the company in a research note on Tuesday, December 17th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their price objective for the company from $148.00 to $190.00 in a report on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $168.76.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the transaction, the chief executive officer now owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 7,140 shares of company stock worth $1,142,842 over the last three months. Insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock traded down $0.63 during trading on Friday, reaching $154.24. 1,588,647 shares of the company's stock were exchanged, compared to its average volume of 729,506. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The firm's fifty day moving average price is $161.35 and its 200-day moving average price is $157.11. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $18.03 billion, a PE ratio of 34.43, a PEG ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a yield of 3.93%. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Mid-America Apartment Communities Company Profile

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.