National Bank of Canada FI Sells 5,005 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

National Bank of Canada FI reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,728 shares of the real estate investment trust's stock after selling 5,005 shares during the period. National Bank of Canada FI's holdings in Mid-America Apartment Communities were worth $8,459,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Inspire Investing LLC raised its stake in shares of 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 during the period. IFP Advisors Inc raised its position in shares of Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares during the period. Sanctuary Advisors LLC raised its position in shares of Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock valued at $1,704,000 after purchasing an additional 69 shares during the period. Chesley Taft & Associates LLC lifted its stake in shares of Mid-America Apartment Communities by 1.6% during the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock valued at $746,000 after buying an additional 75 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings 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 buying an additional 75 shares during the period. Institutional investors own 93.60% of the company's stock.

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Mid-America Apartment Communities Stock Down 3.7 %

MAA traded down $5.78 during trading on Thursday, reaching $152.07. The stock had a trading volume of 422,708 shares, compared to its average volume of 721,680. Mid-America Apartment Communities, Inc. has a one year low of $123.73 and a one year high of $173.38. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 3.72 and a beta of 0.79. 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 stock's 50 day moving average is $161.32 and its two-hundred day moving average is $157.22.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share 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%. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.99%. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Insider Activity

In other news, CEO H Eric Bolton, Jr. sold 4,358 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 324,171 shares of the company's stock, valued at $53,890,187.04. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 7,140 shares of company stock worth $1,142,842 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MAA has been the topic of several recent research reports. KeyCorp upgraded Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price on the stock in a research report on Tuesday, December 17th. Morgan Stanley raised Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $159.50 to $168.00 in a report on Friday, January 24th. StockNews.com upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Sunday. Evercore ISI boosted 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 note on Monday, February 10th. Finally, Wells Fargo & Company cut their price target 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 equities research analyst has rated the stock with a sell rating, nine have assigned 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $168.90.

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.