Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,612 shares of the real estate investment trust’s stock after buying an additional 622 shares during the period. Schroder Investment Management Group’s holdings in Mid-America Apartment Communities were worth $2,542,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at $357,000. Captrust Financial Advisors boosted its stake in Mid-America Apartment Communities by 3.7% in the third quarter. Captrust Financial Advisors now owns 7,091 shares of the real estate investment trust’s stock valued at $1,127,000 after acquiring an additional 251 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Mid-America Apartment Communities by 0.5% during the third quarter. Royal London Asset Management Ltd. now owns 44,657 shares of the real estate investment trust’s stock worth $7,096,000 after purchasing an additional 236 shares during the last quarter. Quarry LP acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $45,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Mid-America Apartment Communities by 34.8% in the 3rd quarter. Quantinno Capital Management LP now owns 18,582 shares of the real estate investment trust’s stock valued at $2,953,000 after purchasing an additional 4,794 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Down 6.4 %

MAA stock opened at $153.15 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $161.14 and its 200 day moving average price is $157.49. Mid-America Apartment Communities, Inc. has a 52 week low of $123.73 and a 52 week high of $173.38. The company has a market cap of $17.90 billion, a P/E ratio of 34.18, a P/E/G ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 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, research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the transaction, the chief executive officer now owns 324,171 shares in the company, valued at approximately $53,890,187.04. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the topic of several research analyst reports. StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Sunday. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price target for the company from $148.00 to $190.00 in a research report on Monday, March 10th. KeyCorp raised shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research report on Tuesday, December 17th. Evercore ISI upped their target price on shares of 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. Finally, Royal Bank of Canada increased their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.90.

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.