Ontario Teachers Pension Plan Board Has $3.75 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Ontario Teachers Pension Plan Board grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 48.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,263 shares of the real estate investment trust’s stock after buying an additional 7,956 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Mid-America Apartment Communities were worth $3,750,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MAA. IFP Advisors Inc grew its position in Mid-America Apartment Communities by 37.2% during the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter worth $46,000. UMB Bank n.a. grew its holdings in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 75 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 133 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Mid-America Apartment Communities in the 3rd quarter worth about $63,000. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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 report on Monday, February 10th. Barclays dropped their price objective on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $159.50 to $168.00 in a report on Friday, January 24th. BMO Capital Markets dropped their price target on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Finally, KeyCorp raised Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.76.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the transaction, the chief executive officer now directly owns 324,171 shares of the company’s stock, valued at $53,890,187.04. This represents a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 7,140 shares of company stock worth $1,142,842 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Trading Up 2.5 %

Shares of NYSE MAA opened at $158.18 on Tuesday. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 3.72 and a beta of 0.79. 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 company’s fifty day moving average is $161.37 and its 200-day moving average is $157.10.

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

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a 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 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.