Barclays PLC Purchases 44,583 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Barclays PLC raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating ) by 39.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,909 shares of the real estate investment trust’s stock after purchasing an additional 44,583 shares during the quarter. Barclays PLC owned about 0.14% of Mid-America Apartment Communities worth $24,642,000.

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Several other hedge funds and other institutional investors have also recently modified their holdings of MAAs. Karp Capital Management Corp purchased a new stake in Mid-America Apartment Communities during the third quarter valued at approximately $26,000. American Research & Management Co. purchased a new stake in Mid-America Apartment Communities during the third quarter valued at approximately $37,000. Clear Street Markets LLC boosted its position in shares of Mid-America Apartment Communities by 410.6% in the second quarter. Clear Street Markets LLC now owns 240 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 193 shares during the last quarter. CX Institutional acquired a new position in shares of Mid-America Apartment Communities during the second quarter valued at approximately $44,000. Finally, Private Trust Co. NA purchased a new stake in Mid-America Apartment Communities during the second quarter valued at approximately $58,000. Institutional investors own 91.20% of the company’s shares.

Stock Performance for Mid-America Apartment Communities

NYSE:MAA opened at $157.22 on Tuesday. The company has a 50 day moving average of $158.76 and a two hundred day moving average of $162.94. Mid-America Apartment Communities, Inc. has a twelve month low of $141.13 and a twelve month high of $217.64. The stock has a market cap of $18.16 billion. USD, a P/E ratio of 29.01, a PEG ratio of 8.49 and a beta of 0.75. The company has a quick ratio of 0.08, a current ratio of 0.08, and a debt-to-equity ratio of 0.73.

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Mid-America Apartment Communities Increase Dividends

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be paid a dividend of $1.40 per share. This represents a dividend of $5.60 on an annualized basis and a dividend yield of 3.56%. This is an increase from Mid-America Apartment Communities’ previous quarterly dividend of $1.25. Payout date is Thursday, January 12th. Mid-America Apartment Communities’ dividend payout ratio (DPR) is currently 103.32%.

Insider trading in Mid-America apartment communities

In related news, CEO Eric Bolton, Jr. sold 975 shares of the company’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $153.85, for a total transaction of $150,003.75. Following the transaction, the chief executive officer now directly owns 287,141 shares of the company’s stock, valued at approximately $44,176,642.85. The sale was disclosed in a legal document filed with the SEC, which is available at this link. In related news, CEO Eric Bolton, Jr. sold 975 shares of the company’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $153.85, for a total transaction of $150,003.75. Following the transaction, the chief executive officer now directly owns 287,141 shares of the company’s stock, valued at approximately $44,176,642.85. The sale was disclosed in a legal document filed with the SEC, which is available at this link. Also, Director Monica Houle Mcgurk sold 921 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $162.01, for a total value of $149,211.21. Following the transaction, the director now owns 835 shares in the company, valued at $135,278.35. Details of this sale can be found here. Over the past three months, insiders have sold 3,383 shares of company stock valued at $528,613. The company’s owners own 1.34% of the company’s shares.

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Wall Street analysts weigh in

MAA has been the subject of several research analyst reports. Credit Suisse Group cut Mid-America Apartment Communities from an “outperform” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research report on Monday, January 9. Wolfe Research began coverage on Mid-America Apartment Communities in a research report on Tuesday, November 22nd. They established a “market perform” rating for the stock. Barclays cut their price target on Mid-America Apartment Communities from $215.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, November 10th. BTIG Research cut their price target on Mid-America Apartment Communities from $225.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 11th. Finally, Royal Bank of Canada cut their price target on Mid-America Apartment Communities from $177.00 to $170.00 and set a “sector perform” rating for the company in a report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $182.85, according to MarketBeat.com.

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About Mid-America Apartment Communities

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Mid-America Apartment Communities, Inc is a real estate investment trust. The company is engaged in the operation, acquisition and development of multi-apartment communities. It operates in the following segments: same store communities and different store and other. The Same Store Communities segment focuses on communities that belong to a company.

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