Caxton Associates LP Has $972,000 Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Caxton Associates LP cut its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,389 shares of the real estate investment trust’s stock after selling 1,974 shares during the quarter. Caxton Associates LP’s holdings in Mid-America Apartment Communities were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DecisionPoint Financial LLC bought a new position in shares of Mid-America Apartment Communities in the first quarter valued at approximately $26,000. First United Bank & Trust bought a new position in shares of Mid-America Apartment Communities in the fourth quarter worth about $27,000. Mather Group LLC. acquired a new position in shares of Mid-America Apartment Communities during the 1st quarter worth about $32,000. Emfo LLC bought a new position in Mid-America Apartment Communities in the 4th quarter worth approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Mid-America Apartment Communities by 53.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 1.5 %

MAA traded down $2.14 during trading on Tuesday, hitting $141.02. The company’s stock had a trading volume of 184,485 shares, compared to its average volume of 765,567. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.74. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $150.79. The stock’s fifty day moving average price is $138.96 and its 200-day moving average price is $133.31. The firm has a market capitalization of $16.48 billion, a P/E ratio of 30.01, a PEG ratio of 3.17 and a beta of 0.85.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($1.01). The company had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $2.28 earnings per share. Analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $1.47 dividend. The ex-dividend date is Monday, July 15th. This represents a $5.88 dividend on an annualized basis and a yield of 4.17%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAA. Wells Fargo & Company lifted their price target on shares of Mid-America Apartment Communities from $129.00 to $138.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. Morgan Stanley boosted their price target on Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 15th. Wedbush raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $135.00 to $154.00 in a research note on Monday, May 6th. UBS Group raised their target price on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a report on Thursday, July 18th. Finally, Mizuho upped their price objective on Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.59.

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.