FIL Ltd Has $5.83 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

FIL Ltd grew its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,699 shares of the real estate investment trust's stock after buying an additional 7,920 shares during the quarter. FIL Ltd's holdings in Mid-America Apartment Communities were worth $5,827,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MML Investors Services LLC boosted its holdings in Mid-America Apartment Communities by 14.6% in the third quarter. MML Investors Services LLC now owns 8,331 shares of the real estate investment trust's stock worth $1,324,000 after purchasing an additional 1,064 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Mid-America Apartment Communities by 6.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,211 shares of the real estate investment trust's stock valued at $352,000 after buying an additional 139 shares during the period. Toronto Dominion Bank grew its position in shares of Mid-America Apartment Communities by 1.4% during the 3rd quarter. Toronto Dominion Bank now owns 57,702 shares of the real estate investment trust's stock valued at $9,169,000 after buying an additional 794 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Mid-America Apartment Communities by 806.8% during the third quarter. TD Private Client Wealth LLC now owns 2,675 shares of the real estate investment trust's stock worth $425,000 after acquiring an additional 2,380 shares during the period. Finally, Virtu Financial LLC bought a new position in Mid-America Apartment Communities in the third quarter worth about $1,162,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MAA shares. Truist Financial upped their target price on Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a report on Monday, March 10th. BMO Capital Markets dropped 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 report on Tuesday, January 21st. JMP Securities reiterated a "market outperform" rating and issued a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Raymond James increased their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Thursday, March 20th. Finally, Evercore ISI lifted their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.76.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the sale, the chief executive officer now owns 319,813 shares of the company's stock, valued at approximately $47,949,563.09. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 7,140 shares of company stock worth $1,142,842. Company insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA traded up $3.16 during trading on Friday, hitting $156.98. The company had a trading volume of 895,687 shares, compared to its average volume of 738,322. Mid-America Apartment Communities, Inc. has a 52 week low of $124.01 and a 52 week high of $173.38. The business's 50-day moving average is $161.21 and its 200 day moving average is $157.05. The company has a market cap of $18.35 billion, a P/E ratio of 35.04, a PEG 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.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping 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%. 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 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 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 yield of 3.86%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 135.27%.

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.