Townsquare Capital LLC Boosts Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Townsquare Capital LLC increased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,781 shares of the real estate investment trust's stock after purchasing an additional 1,721 shares during the quarter. Townsquare Capital LLC's holdings in Mid-America Apartment Communities were worth $8,467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in Mid-America Apartment Communities by 9.5% during the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock valued at $2,670,000 after buying an additional 1,499 shares in the last quarter. Paradigm Asset Management Co. LLC grew its stake in Mid-America Apartment Communities by 1,582.9% during the fourth 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 acquiring an additional 6,300 shares in the last quarter. Capital Investment Advisors LLC increased its holdings 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 valued at $9,040,000 after acquiring an additional 12,454 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Mid-America Apartment Communities by 31.6% in the 4th quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock worth $29,280,000 after purchasing an additional 45,519 shares in the last quarter. Finally, Vert Asset Management LLC grew its position in shares of Mid-America Apartment Communities by 9.6% during 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 purchasing an additional 4,499 shares in the last quarter. Institutional investors own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $159.50 to $168.00 in a research report on Friday, January 24th. BMO Capital Markets lowered their target price 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. Mizuho decreased their price target on shares of 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. Truist Financial lifted their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Finally, StockNews.com cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $168.76.

Insider Activity

In other 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 owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 7,140 shares of company stock worth $1,142,842. Insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Stock Up 2.1 %

NYSE:MAA traded up $3.16 during trading hours on Friday, reaching $156.98. The company's stock had a trading volume of 895,687 shares, compared to its average volume of 738,322. 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 company has a market capitalization of $18.35 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The stock has a 50 day moving average price of $161.21 and a two-hundred day moving average price of $157.05. Mid-America Apartment Communities, Inc. has a 12 month low of $124.01 and a 12 month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (EPS) 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%. Equities 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. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 135.27%.

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.