Anchor Capital Advisors LLC Acquires 346,174 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Anchor Capital Advisors LLC boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10,178.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,575 shares of the real estate investment trust’s stock after acquiring an additional 346,174 shares during the period. Anchor Capital Advisors LLC’s holdings in Mid-America Apartment Communities were worth $47,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Mid-America Apartment Communities by 12.2% in the 3rd quarter. FMR LLC now owns 5,457,634 shares of the real estate investment trust’s stock valued at $702,125,000 after purchasing an additional 592,306 shares during the period. Morgan Stanley lifted its holdings in Mid-America Apartment Communities by 1.4% during the 3rd quarter. Morgan Stanley now owns 2,345,083 shares of the real estate investment trust’s stock worth $301,695,000 after buying an additional 31,813 shares in the last quarter. Blackstone Inc. lifted its holdings in Mid-America Apartment Communities by 51.8% during the 3rd quarter. Blackstone Inc. now owns 2,043,861 shares of the real estate investment trust’s stock worth $262,943,000 after buying an additional 697,200 shares in the last quarter. Northern Trust Corp lifted its holdings in Mid-America Apartment Communities by 5.7% during the 3rd quarter. Northern Trust Corp now owns 1,725,788 shares of the real estate investment trust’s stock worth $222,023,000 after buying an additional 93,020 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Mid-America Apartment Communities by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,252,014 shares of the real estate investment trust’s stock worth $161,072,000 after buying an additional 16,889 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of the transaction, the chief executive officer now owns 317,737 shares in the company, valued at $40,057,103.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 2,807 shares of company stock valued at $353,955 over the last quarter. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $149.00 price target on shares of Mid-America Apartment Communities in a research note on Thursday, February 22nd. Truist Financial reduced their price objective on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and increased their price objective for the stock from $133.00 to $147.00 in a research note on Tuesday, January 16th. Mizuho reduced their price target on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a $136.00 price objective (down previously from $140.00) on shares of Mid-America Apartment Communities in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.06.

Mid-America Apartment Communities Trading Up 1.5 %

Shares of MAA traded up $1.90 during mid-day trading on Monday, reaching $131.13. 917,324 shares of the company’s stock traded hands, compared to its average volume of 878,032. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $15.31 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.90 and a beta of 0.80. The stock’s 50-day moving average is $129.06 and its two-hundred day moving average is $128.52. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.93). Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The firm had revenue of $542.25 million for the quarter, compared to analysts’ expectations of $542.64 million. During the same period in the previous year, the company earned $2.32 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s payout ratio is 124.84%.

Mid-America Apartment Communities Company Profile

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.