Investure LLC Increases Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Investure LLC raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,688 shares of the real estate investment trust's stock after purchasing an additional 17,618 shares during the quarter. Mid-America Apartment Communities accounts for about 1.3% of Investure LLC's portfolio, making the stock its 6th largest position. Investure LLC owned about 0.12% of Mid-America Apartment Communities worth $21,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new stake in Mid-America Apartment Communities in the fourth quarter worth $826,562,000. JPMorgan Chase & Co. raised its stake in shares of Mid-America Apartment Communities by 26.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust's stock valued at $517,015,000 after acquiring an additional 708,125 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Mid-America Apartment Communities in the 4th quarter worth about $95,671,000. Aew Capital Management L P boosted its stake in shares of Mid-America Apartment Communities by 516.3% during the 4th quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock worth $97,533,000 after purchasing an additional 528,608 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Mid-America Apartment Communities by 200.5% during the 4th quarter. Russell Investments Group Ltd. now owns 455,640 shares of the real estate investment trust's stock valued at $70,300,000 after purchasing an additional 304,021 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $153.89 on Thursday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a market cap of $17.99 billion, a PE ratio of 34.35, a P/E/G ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 12 month low of $123.84 and a 12 month high of $173.38. The stock has a fifty day moving average price of $161.21 and a 200-day moving average price of $157.06.

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

Mid-America Apartment Communities Announces Dividend

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 paid a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.94%. Mid-America Apartment Communities's payout ratio is 135.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MAA shares. JMP Securities reissued a "market outperform" rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and boosted their price target for the company from $148.00 to $190.00 in a report on Monday, March 10th. BMO Capital Markets reduced their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Royal Bank of Canada upped their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Finally, Truist Financial increased their price target on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and an average target price of $168.76.

Insiders Place Their Bets

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction 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 directly owns 319,813 shares of the company's stock, valued at $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 7,140 shares of company stock valued at $1,142,842. Insiders own 1.30% of the company's stock.

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.

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