Natixis Raises Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Natixis boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,396 shares of the real estate investment trust's stock after acquiring an additional 1,599 shares during the quarter. Natixis' holdings in Mid-America Apartment Communities were worth $2,071,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in Mid-America Apartment Communities during the 4th quarter worth about $826,562,000. Capital World Investors boosted its stake in shares of Mid-America Apartment Communities by 45.9% during the fourth quarter. Capital World Investors now owns 6,636,915 shares of the real estate investment trust's stock valued at $1,025,868,000 after purchasing an additional 2,088,143 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Mid-America Apartment Communities by 26.9% during 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 buying an additional 708,125 shares during the period. Raymond James Financial Inc. bought a new position in Mid-America Apartment Communities in the fourth quarter worth approximately $95,671,000. Finally, Aew Capital Management L P lifted its holdings in Mid-America Apartment Communities by 516.3% during the fourth quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust's stock worth $97,533,000 after buying an additional 528,608 shares during the period. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Up 2.3 %

MAA stock opened at $158.36 on Wednesday. The company has a market capitalization of $18.51 billion, a P/E ratio of 35.35, a price-to-earnings-growth 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 firm's fifty day simple moving average is $161.24 and its 200-day simple moving average is $157.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick 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, beating 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%. As a group, equities research analysts forecast 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 declared 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. This represents a $6.06 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the stock in a transaction on Thursday, April 3rd. The shares were 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. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 7,140 shares of company stock valued at $1,142,842. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MAA shares. Evercore ISI boosted their price target on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Truist Financial boosted their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and raised 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 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. Finally, StockNews.com upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Moderate Buy" and an average price target of $168.76.

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.

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