Guggenheim Capital LLC Lowers Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Guggenheim Capital LLC reduced its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 46.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,907 shares of the real estate investment trust's stock after selling 20,716 shares during the quarter. Guggenheim Capital LLC's holdings in Mid-America Apartment Communities were worth $3,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Rossby Financial LCC acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at about $475,000. Canada Post Corp Registered Pension Plan bought a new stake in Mid-America Apartment Communities in the 4th quarter worth about $100,000. Mariner LLC increased its stake in Mid-America Apartment Communities by 7.1% in the 4th quarter. Mariner LLC now owns 19,166 shares of the real estate investment trust's stock valued at $2,962,000 after buying an additional 1,276 shares during the last quarter. TT Capital Management LLC bought a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $605,000. Finally, Townsquare Capital LLC grew its holdings in shares of Mid-America Apartment Communities by 3.2% in the fourth quarter. Townsquare Capital LLC now owns 54,781 shares of the real estate investment trust's stock valued at $8,467,000 after acquiring an additional 1,721 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total transaction of $724,473.92. Following the sale, the chief executive officer now directly owns 324,171 shares of the company's stock, valued at approximately $53,890,187.04. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 7,140 shares of company stock valued at $1,142,842. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on MAA shares. BMO Capital Markets decreased their price target on Mid-America Apartment Communities from $157.00 to $155.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. Barclays reduced their price objective on Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Mizuho reduced their price objective on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Royal Bank of Canada upped 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 note on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.76.

Mid-America Apartment Communities Trading Up 0.7 %

Shares of NYSE MAA traded up $1.15 during trading hours on Thursday, hitting $160.67. The company's stock had a trading volume of 153,273 shares, compared to its average volume of 734,910. 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 has a market cap of $18.78 billion, a price-to-earnings ratio of 35.88, 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 $125.99 and a 12 month high of $173.38. The business has a 50-day simple moving average of $161.29 and a 200-day simple moving average of $157.09.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating the consensus estimate 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%. On average, analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 3.77%. Mid-America Apartment Communities's payout ratio is 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.