Snyder Capital Management L P Buys 26,380 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Snyder Capital Management L P boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,847 shares of the real estate investment trust's stock after purchasing an additional 26,380 shares during the period. Snyder Capital Management L P owned about 0.17% of Mid-America Apartment Communities worth $30,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $46,000. UMB Bank n.a. increased its position in shares of Mid-America Apartment Communities by 30.5% during 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 last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 133 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $63,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Price Performance

NYSE MAA traded down $2.96 on Tuesday, hitting $157.48. 1,309,038 shares of the company's stock were exchanged, compared to its average volume of 737,469. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $126.77 and a 52 week high of $173.38. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 3.72 and a beta of 0.79. The stock has a 50-day moving average of $161.45 and a 200-day moving average of $157.29.

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 earnings per share (EPS) 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%. Analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company 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 is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.85%. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Analysts Set New Price Targets

A number of brokerages have commented on MAA. BMO Capital Markets cut their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research note on Tuesday, January 21st. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $173.00 to $182.00 in a report on Friday, February 14th. JMP Securities restated a "market outperform" rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Finally, Evercore ISI boosted their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.76.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction dated 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 7,140 shares of company stock worth $1,142,842 in the last 90 days. Insiders own 1.30% of the company's stock.

Mid-America Apartment Communities 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.