OneDigital Investment Advisors LLC Buys 2,221 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

OneDigital Investment Advisors LLC grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 42.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,416 shares of the real estate investment trust's stock after buying an additional 2,221 shares during the period. OneDigital Investment Advisors LLC's holdings in Mid-America Apartment Communities were worth $1,146,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Metis Global Partners LLC lifted its stake in shares of Mid-America Apartment Communities by 9.5% in the fourth quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock worth $2,670,000 after buying an additional 1,499 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in Mid-America Apartment Communities by 1,582.9% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock valued at $1,035,000 after buying an additional 6,300 shares during the last quarter. Capital Investment Advisors LLC increased its position in Mid-America Apartment Communities by 27.1% in the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust's stock worth $9,040,000 after buying an additional 12,454 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Mid-America Apartment Communities by 31.6% during the fourth quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock worth $29,280,000 after buying an additional 45,519 shares during the last quarter. Finally, Vert Asset Management LLC boosted its position in shares of Mid-America Apartment Communities by 9.6% in the fourth quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust's stock valued at $7,941,000 after acquiring an additional 4,499 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the transaction, the chief executive officer now directly owns 319,813 shares in the company, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 7,140 shares of company stock worth $1,142,842 over the last 90 days. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MAA shares. Raymond James boosted their target price on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Thursday, March 20th. Mizuho lowered their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Scotiabank raised Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $173.00 to $182.00 in a report on Friday, February 14th. Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $148.00 to $190.00 in a report on Monday, March 10th. Finally, Evercore ISI upped their target price on 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. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.76.

Mid-America Apartment Communities Price Performance

MAA traded down $2.15 during midday trading on Tuesday, hitting $158.29. The company had a trading volume of 654,798 shares, compared to its average volume of 735,120. Mid-America Apartment Communities, Inc. has a twelve month low of $126.77 and a twelve month high of $173.38. The company has a market capitalization of $18.50 billion, a PE ratio of 35.28, a P/E/G 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. The firm's 50-day simple moving average is $161.45 and its 200-day simple moving average is $157.29.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, beating 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%. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 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.