Two Sigma Investments LP Has $5.28 Million Holdings in Mid-America Apartment Communities Inc (MAA)

Two Sigma Investments LP raised its stake in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 1,575.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,541 shares of the real estate investment trust’s stock after buying an additional 49,405 shares during the quarter. Two Sigma Investments LP’s holdings in Mid-America Apartment Communities were worth $5,284,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Teachers Insurance & Annuity Association of America lifted its stake in shares of Mid-America Apartment Communities by 9.3% during the 4th quarter. Teachers Insurance & Annuity Association of America now owns 123,965 shares of the real estate investment trust’s stock worth $12,466,000 after purchasing an additional 10,553 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Mid-America Apartment Communities by 8.7% during the 4th quarter. Guggenheim Capital LLC now owns 354,206 shares of the real estate investment trust’s stock worth $35,618,000 after purchasing an additional 28,305 shares during the period. Jefferies Group LLC lifted its stake in shares of Mid-America Apartment Communities by 14.6% during the 4th quarter. Jefferies Group LLC now owns 17,370 shares of the real estate investment trust’s stock worth $1,747,000 after purchasing an additional 2,210 shares during the period. AMP Capital Investors Ltd lifted its stake in shares of Mid-America Apartment Communities by 13.5% during the 4th quarter. AMP Capital Investors Ltd now owns 119,560 shares of the real estate investment trust’s stock worth $12,024,000 after purchasing an additional 14,209 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Mid-America Apartment Communities during the 4th quarter worth $554,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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In related news, Director William Reid Sanders purchased 4,100 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $90.98 per share, for a total transaction of $373,018.00. Following the acquisition, the director now owns 13,109 shares in the company, valued at $1,192,656.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Claude B. Nielsen sold 7,200 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $86.44, for a total value of $622,368.00. Following the completion of the sale, the director now owns 20,417 shares of the company’s stock, valued at $1,764,845.48. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 4,716 shares of company stock valued at $426,200. 1.25% of the stock is owned by insiders.

A number of research analysts have weighed in on the company. BMO Capital Markets set a $97.00 price target on Mid-America Apartment Communities and gave the stock a “hold” rating in a research note on Friday, March 2nd. Robert W. Baird set a $100.00 price target on Mid-America Apartment Communities and gave the stock a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Monday, February 19th. Mizuho set a $91.00 target price on Mid-America Apartment Communities and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Cantor Fitzgerald cut their target price on Mid-America Apartment Communities from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $104.62.

MAA stock opened at $86.83 on Friday. The firm has a market capitalization of $10,022.82, a price-to-earnings ratio of 14.84, a P/E/G ratio of 2.09 and a beta of 0.38. Mid-America Apartment Communities Inc has a 52-week low of $85.16 and a 52-week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.40). Mid-America Apartment Communities had a return on equity of 4.99% and a net margin of 21.42%. The firm had revenue of $382.74 million during the quarter, compared to analysts’ expectations of $386.33 million. analysts predict that Mid-America Apartment Communities Inc will post 6.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be issued a $0.9225 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $3.69 annualized dividend and a yield of 4.25%. Mid-America Apartment Communities’s dividend payout ratio is currently 129.02%.

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Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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