BNP Paribas Financial Markets Has $19.41 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

BNP Paribas Financial Markets raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) by 146.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 144,349 shares of the real estate investment trust’s stock after acquiring an additional 85,843 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of Mid-America Apartment Communities worth $19,409,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAA. Raleigh Capital Management Inc. grew its stake in Mid-America Apartment Communities by 22.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 463 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 84 shares in the last quarter. First Financial Corp IN increased its position in shares of Mid-America Apartment Communities by 40.8% in the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 86 shares during the period. Blue Trust Inc. raised its position in Mid-America Apartment Communities by 22.8% during the 4th quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 95 shares during the last quarter. Oakworth Capital Inc. lifted its stake in Mid-America Apartment Communities by 0.6% in the fourth quarter. Oakworth Capital Inc. now owns 15,212 shares of the real estate investment trust’s stock worth $2,045,000 after acquiring an additional 98 shares during the period. Finally, Diversified Trust Co lifted its position in shares of Mid-America Apartment Communities by 3.4% in the 4th quarter. Diversified Trust Co now owns 3,079 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 102 shares during the period. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on Mid-America Apartment Communities in a report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $136.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, February 9th. Scotiabank raised their target price on shares of Mid-America Apartment Communities from $139.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Wedbush upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $135.00 to $154.00 in a research report on Monday, May 6th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has a consensus rating of “Hold” and an average price target of $143.28.

Get Our Latest Analysis on Mid-America Apartment Communities

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the sale, the chief executive officer now owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 2,807 shares of company stock valued at $353,955. Corporate insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.6 %

NYSE:MAA opened at $136.82 on Wednesday. The stock’s fifty day moving average is $130.76 and its two-hundred day moving average is $128.96. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.74. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 3.57 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $2.28 earnings per share. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.89 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

About Mid-America Apartment Communities

(Free Report)

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.

Recommended Stories

Want to see what other hedge funds are holding MAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report).

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.