Norinchukin Bank The Buys 208 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Norinchukin Bank The raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,173 shares of the real estate investment trust’s stock after buying an additional 208 shares during the period. Norinchukin Bank The’s holdings in Mid-America Apartment Communities were worth $1,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Inspire Investing LLC boosted its holdings in Mid-America Apartment Communities by 0.9% in the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after acquiring an additional 68 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 0.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 69 shares during the last quarter. Huntington National Bank increased its position in shares of Mid-America Apartment Communities by 6.4% during the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 70 shares during the period. Finally, Chesley Taft & Associates LLC raised its stake in Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock worth $746,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Insider Activity at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $149.93, for a total value of $396,264.99. Following the completion of the sale, the chief executive officer now directly owns 319,813 shares of the company’s stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 7,140 shares of company stock valued at $1,142,842 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho cut their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, BMO Capital Markets reduced their price objective on shares of Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Moderate Buy” and a consensus target price of $168.76.

Mid-America Apartment Communities Price Performance

MAA stock opened at $156.98 on Monday. The company has a market capitalization of $18.35 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 52-week low of $125.55 and a 52-week high of $173.38. The business has a 50-day simple moving average of $161.23 and a two-hundred day simple moving average of $157.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share (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%. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $1.515 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.86%. Mid-America Apartment Communities’s dividend payout ratio is currently 135.27%.

About Mid-America Apartment Communities

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.