4,010 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by TT Capital Management LLC

TT Capital Management LLC purchased a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,010 shares of the real estate investment trust's stock, valued at approximately $605,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC increased its holdings in shares of Mid-America Apartment Communities by 14.6% during the third quarter. MML Investors Services LLC now owns 8,331 shares of the real estate investment trust's stock valued at $1,324,000 after acquiring an additional 1,064 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Mid-America Apartment Communities by 6.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,211 shares of the real estate investment trust's stock worth $352,000 after acquiring an additional 139 shares in the last quarter. Toronto Dominion Bank grew its stake in Mid-America Apartment Communities by 1.4% during the 3rd quarter. Toronto Dominion Bank now owns 57,702 shares of the real estate investment trust's stock valued at $9,169,000 after acquiring an additional 794 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Mid-America Apartment Communities by 806.8% in the third quarter. TD Private Client Wealth LLC now owns 2,675 shares of the real estate investment trust's stock valued at $425,000 after purchasing an additional 2,380 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth $1,162,000. Institutional investors own 93.60% of the company's stock.

Insider Transactions at Mid-America Apartment Communities

In related 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 value of $396,264.99. Following the sale, the chief executive officer now owns 319,813 shares of the company's stock, valued at $47,949,563.09. The trade was 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 90 days, insiders have sold 7,140 shares of company stock worth $1,142,842. 1.30% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Stock Up 2.1 %

MAA traded up $3.16 during midday trading on Friday, hitting $156.98. 895,687 shares of the company's stock traded hands, compared to its average volume of 738,322. The company has a market cap of $18.35 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a one year low of $124.01 and a one year high of $173.38. The stock's fifty day simple moving average is $161.21 and its 200-day simple moving average is $157.05. 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 issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, equities 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 business also recently disclosed 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 annualized dividend and a dividend yield of 3.86%. Mid-America Apartment Communities's payout ratio is 135.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MAA. Royal Bank of Canada raised their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and boosted their target price for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Barclays reduced their price target on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Raymond James raised 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. Finally, StockNews.com lowered shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and a consensus price target of $168.76.

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.