Fielder Capital Group LLC Has $5.61 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Fielder Capital Group LLC grew its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 33,455 shares of the real estate investment trust’s stock after acquiring an additional 2,698 shares during the period. Mid-America Apartment Communities comprises 1.6% of Fielder Capital Group LLC’s holdings, making the stock its 15th biggest position. Fielder Capital Group LLC’s holdings in Mid-America Apartment Communities were worth $5,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC increased its stake in shares of Mid-America Apartment Communities by 107.1% during the first quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 91 shares during the period. CoreCap Advisors LLC grew its holdings in Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 112 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in shares of Mid-America Apartment Communities by 200.0% during the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 160 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at about $46,000. Finally, NBC Securities Inc. bought a new stake in shares of Mid-America Apartment Communities in the first quarter valued at about $46,000. 93.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAA has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. UBS Group lowered their target price on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a “sell” rating on the stock in a report on Tuesday, July 15th. Barclays boosted their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Mizuho lowered their price objective on Mid-America Apartment Communities from $166.00 to $161.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Finally, Raymond James Financial downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average target price of $168.81.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $166.85, for a total transaction of $28,865.05. Following the sale, the executive vice president directly owned 3,012 shares of the company’s stock, valued at $502,552.20. The trade was a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Stock Up 0.0%

Shares of NYSE:MAA opened at $151.75 on Monday. Mid-America Apartment Communities, Inc. has a 52-week low of $139.60 and a 52-week high of $173.38. The company has a market capitalization of $17.76 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 3.88 and a beta of 0.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The company has a fifty day moving average of $151.35 and a 200-day moving average of $156.30.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a return on equity of 9.19% and a net margin of 25.70%. Mid-America Apartment Communities’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 EPS. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $1.515 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.99%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 126.25%.

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.