National Bank of Canada FI Sells 5,005 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

National Bank of Canada FI cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,728 shares of the real estate investment trust’s stock after selling 5,005 shares during the period. National Bank of Canada FI’s holdings in Mid-America Apartment Communities were worth $8,459,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MAA. Y Intercept Hong Kong Ltd bought a new position in Mid-America Apartment Communities in the 3rd quarter worth approximately $2,890,000. Metis Global Partners LLC raised its stake 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 purchasing an additional 1,499 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Mid-America Apartment Communities by 2.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 180,689 shares of the real estate investment trust’s stock valued at $28,711,000 after purchasing an additional 4,301 shares during the period. Paradigm Asset Management Co. LLC grew its position in Mid-America Apartment Communities by 1,582.9% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in shares of Mid-America Apartment Communities by 27.1% during the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust’s stock worth $9,040,000 after purchasing an additional 12,454 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insider Transactions at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the sale, the chief executive officer now directly owns 324,171 shares of the company’s stock, valued at approximately $53,890,187.04. The trade was a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $153.15 on Friday. The stock has a 50-day simple moving average of $161.14 and a 200 day simple moving average of $157.53. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 3.72 and a beta of 0.90. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 12-month low of $123.73 and a 12-month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $1.515 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.96%. Mid-America Apartment Communities’s payout ratio is 135.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays lifted their target price on Mid-America Apartment Communities from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. BMO Capital Markets lowered their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Evercore ISI lifted their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Raymond James increased their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 20th. Finally, Royal Bank of Canada lifted their target price 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and an average target price of $168.90.

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.