Dimensional Fund Advisors LP Has $266.72 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Dimensional Fund Advisors LP raised its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,725,605 shares of the real estate investment trust’s stock after acquiring an additional 24,407 shares during the period. Dimensional Fund Advisors LP owned approximately 1.48% of Mid-America Apartment Communities worth $266,723,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC lifted its position in Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock worth $1,233,000 after purchasing an additional 68 shares during the period. IFP Advisors Inc lifted its stake in 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 valued at $39,000 after purchasing an additional 68 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Mid-America Apartment Communities by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock valued at $1,704,000 after buying an additional 69 shares in the last quarter. Huntington National Bank grew its stake 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 last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in shares of 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 in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $154.98 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s 50-day simple moving average is $161.21 and its 200 day simple moving average is $157.06. The stock has a market cap of $18.12 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a fifty-two week low of $125.55 and a fifty-two week high of $173.38.

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%. As a group, research analysts anticipate 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. Investors of record on Tuesday, April 15th will be given a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 135.27%.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the transaction, the chief executive officer now owns 319,813 shares in the company, valued at $47,949,563.09. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 7,140 shares of company stock worth $1,142,842. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research reports. Barclays reduced their price objective on Mid-America Apartment Communities from $163.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. Royal Bank of Canada boosted their price objective 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. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $159.50 to $168.00 in a report on Friday, January 24th. Finally, Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $173.00 to $182.00 in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.76.

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.