BI Asset Management Fondsmaeglerselskab A S Acquires 5,959 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 586.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,975 shares of the real estate investment trust’s stock after acquiring an additional 5,959 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Mid-America Apartment Communities were worth $1,078,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAA. IFP Advisors Inc boosted its stake 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 valued at $39,000 after purchasing an additional 68 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $46,000. UMB Bank n.a. boosted its position 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 during the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of 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 last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Mid-America Apartment Communities during the third quarter worth $63,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $158.36 on Wednesday. The firm’s 50 day moving average is $161.24 and its 200 day moving average is $157.07. The stock has a market capitalization of $18.51 billion, a P/E ratio of 35.35, a PEG ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 12 month low of $125.99 and a 12 month high of $173.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81.

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 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%. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued 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 of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is presently 135.27%.

Insider Activity

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 319,813 shares of the company’s stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing 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 ninety days. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MAA shares. Barclays dropped their price objective on 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, April 11th. Royal Bank of Canada raised their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Jefferies Financial Group raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Mizuho cut their target price 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. Finally, Raymond James upped their target price on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and an average target price of $168.76.

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.