Schonfeld Strategic Advisors LLC Makes New $699,000 Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Schonfeld Strategic Advisors LLC acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,523 shares of the real estate investment trust’s stock, valued at approximately $699,000.

Other hedge funds have also recently made changes to their positions in the company. Lido Advisors LLC grew its holdings in shares of Mid-America Apartment Communities by 90.9% during the 4th quarter. Lido Advisors LLC now owns 3,142 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 1,496 shares during the period. Northern Trust Corp raised its holdings in Mid-America Apartment Communities by 33.3% in the fourth quarter. Northern Trust Corp now owns 1,863,408 shares of the real estate investment trust’s stock worth $288,027,000 after purchasing an additional 465,414 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in Mid-America Apartment Communities during the fourth quarter valued at $617,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at $9,066,000. Finally, Coldstream Capital Management Inc. grew its position in shares of Mid-America Apartment Communities by 8.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,395 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 184 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $162.96 on Friday. The business has a 50-day simple moving average of $161.03 and a two-hundred day simple moving average of $157.82. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $126.77 and a 52 week high of $173.38. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The company had revenue of $549.30 million during the quarter, compared to analyst estimates of $551.21 million. During the same period in the prior year, the firm posted $2.22 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were paid a $1.515 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.72%. Mid-America Apartment Communities’s payout ratio is presently 126.25%.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $166.85, for a total value of $28,865.05. Following the sale, the executive vice president now owns 3,012 shares in the company, valued at $502,552.20. The trade was a 5.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Eric Bolton, Jr. sold 2,643 shares of the firm’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 transaction, the chief executive officer now owns 319,813 shares of the company’s stock, valued at approximately $47,949,563.09. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock valued at $1,171,707 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Royal Bank of Canada increased their target price on 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. Barclays upped their price target on shares of Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Raymond James raised their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities has an average rating of “Moderate Buy” and an average target price of $169.00.

Mid-America Apartment Communities Company 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.