Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,106 shares of the real estate investment trust’s stock after buying an additional 318 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Mid-America Apartment Communities were worth $418,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Raleigh Capital Management Inc. increased its position in shares of Mid-America Apartment Communities by 22.2% in the third quarter. Raleigh Capital Management Inc. now owns 463 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 84 shares in the last quarter. First Financial Corp IN boosted its stake in shares of Mid-America Apartment Communities by 40.8% in the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 86 shares during the period. Blue Trust Inc. boosted its stake in shares of Mid-America Apartment Communities by 22.8% in the fourth quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 95 shares during the period. Oakworth Capital Inc. boosted its stake in shares of Mid-America Apartment Communities by 0.6% in the fourth quarter. Oakworth Capital Inc. now owns 15,212 shares of the real estate investment trust’s stock valued at $2,045,000 after purchasing an additional 98 shares during the period. Finally, Diversified Trust Co boosted its stake in shares of Mid-America Apartment Communities by 3.4% in the fourth quarter. Diversified Trust Co now owns 3,079 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.6 %

Mid-America Apartment Communities stock opened at $129.23 on Monday. The firm’s 50-day moving average is $129.06 and its 200-day moving average is $128.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $158.46. The company has a market cap of $15.09 billion, a P/E ratio of 27.44, a PEG ratio of 2.90 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $542.25 million during the quarter, compared to the consensus estimate of $542.64 million. During the same quarter in the previous year, the business posted $2.32 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.55%. Mid-America Apartment Communities’s payout ratio is currently 124.84%.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the sale, the chief executive officer now owns 317,737 shares of the company’s stock, valued at approximately $40,057,103.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 2,807 shares of company stock worth $353,955. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAA has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $136.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. The Goldman Sachs Group restated a “buy” rating and issued a $149.00 target price on shares of Mid-America Apartment Communities in a research note on Thursday, February 22nd. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and upped their target price for the company from $133.00 to $147.00 in a research note on Tuesday, January 16th. Finally, Piper Sandler reiterated a “neutral” rating and set a $140.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.18.

Mid-America Apartment Communities 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.