Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,143 shares of the real estate investment trust’s stock after selling 8,479 shares during the period. SG Americas Securities LLC’s holdings in Mid-America Apartment Communities were worth $1,902,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. BCS Wealth Management acquired a new stake in shares of Mid-America Apartment Communities during the fourth quarter valued at about $205,000. Pasadena Private Wealth LLC purchased a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $251,000. Aurora Investment Managers LLC. boosted its stake in shares of Mid-America Apartment Communities by 4.4% in the fourth quarter. Aurora Investment Managers LLC. now owns 17,074 shares of the real estate investment trust’s stock valued at $2,296,000 after purchasing an additional 714 shares during the period. Sarasin & Partners LLP boosted its stake in shares of Mid-America Apartment Communities by 8.1% in the fourth quarter. Sarasin & Partners LLP now owns 48,732 shares of the real estate investment trust’s stock valued at $6,553,000 after purchasing an additional 3,653 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Mid-America Apartment Communities by 9.2% in the fourth quarter. Nordea Investment Management AB now owns 155,151 shares of the real estate investment trust’s stock valued at $21,020,000 after purchasing an additional 13,045 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Up 1.6 %

Shares of NYSE:MAA opened at $130.83 on Thursday. The company has a market capitalization of $15.27 billion, a PE ratio of 27.78, a P/E/G ratio of 4.16 and a beta of 0.80. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $158.46. The firm has a 50 day simple moving average of $129.20 and a 200-day simple moving average of $129.14.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.93). The company had revenue of $542.25 million for the quarter, compared to analysts’ expectations of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 EPS. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.94 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $1.47 dividend. The ex-dividend date is Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.49%. Mid-America Apartment Communities’s payout ratio is 124.84%.

Insider Activity

In other news, CEO H Eric Bolton, Jr. sold 4,028 shares of Mid-America Apartment Communities stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $130.21, for a total value of $524,485.88. Following the transaction, the chief executive officer now directly owns 304,523 shares of the company’s stock, valued at approximately $39,651,939.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mid-America Apartment Communities news, EVP Melanie Carpenter sold 371 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $131.33, for a total value of $48,723.43. Following the transaction, the executive vice president now directly owns 19,067 shares of the company’s stock, valued at approximately $2,504,069.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Eric Bolton, Jr. sold 4,028 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $130.21, for a total transaction of $524,485.88. Following the completion of the transaction, the chief executive officer now directly owns 304,523 shares in the company, valued at $39,651,939.83. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MAA. Scotiabank raised shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the company from $133.00 to $147.00 in a research note on Tuesday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $136.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Mizuho lowered their price objective on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $149.00 price objective on shares of Mid-America Apartment Communities in a research note on Thursday, February 22nd. Finally, Morgan Stanley lifted their price target on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of “Hold” and a consensus target price of $143.76.

About Mid-America Apartment Communities

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.