Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Unigestion Holding SA

Unigestion Holding SA increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 76.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,045 shares of the real estate investment trust's stock after acquiring an additional 3,483 shares during the quarter. Unigestion Holding SA's holdings in Mid-America Apartment Communities were worth $1,244,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth $826,562,000. JPMorgan Chase & Co. lifted its position 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 worth $517,015,000 after buying an additional 708,125 shares during the period. Raymond James Financial Inc. acquired a new stake in Mid-America Apartment Communities in the 4th quarter worth about $95,671,000. Aew Capital Management L P boosted its stake in Mid-America Apartment Communities by 516.3% in the 4th 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 last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Mid-America Apartment Communities by 200.5% in the 4th quarter. Russell Investments Group Ltd. now owns 455,640 shares of the real estate investment trust's stock valued at $70,300,000 after buying an additional 304,021 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

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Mid-America Apartment Communities Stock Down 0.2 %

Shares of Mid-America Apartment Communities stock traded down $0.36 on Friday, hitting $154.52. 671,531 shares of the company's stock traded hands, compared to its average volume of 725,686. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm's 50-day moving average is $161.36 and its 200 day moving average is $157.16. The stock has a market cap of $18.06 billion, a P/E ratio of 34.25, a PEG ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 52-week low of $123.73 and a 52-week high of $173.38.

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 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%. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.92%. 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 other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the completion of the sale, the chief executive officer now owns 319,813 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 7,140 shares of company stock worth $1,142,842 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MAA. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Truist Financial upped their price objective on Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Finally, 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 report on Tuesday, December 17th. One investment 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 company. According to MarketBeat, Mid-America Apartment Communities presently has a consensus 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.