American Century Companies Inc. lowered its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 12.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 215,800 shares of the real estate investment trust’s stock after selling 30,631 shares during the period. American Century Companies Inc.’s holdings in Mid-America Apartment Communities were worth $21,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Public Employees Retirement Association of Colorado boosted its position in Mid-America Apartment Communities by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 23,959 shares of the real estate investment trust’s stock valued at $2,409,000 after buying an additional 722 shares during the last quarter. CIBC Asset Management Inc boosted its position in Mid-America Apartment Communities by 9.6% in the fourth quarter. CIBC Asset Management Inc now owns 12,379 shares of the real estate investment trust’s stock valued at $1,245,000 after buying an additional 1,085 shares during the last quarter. Aperio Group LLC boosted its position in Mid-America Apartment Communities by 21.7% in the fourth quarter. Aperio Group LLC now owns 49,148 shares of the real estate investment trust’s stock valued at $4,942,000 after buying an additional 8,766 shares during the last quarter. Dupont Capital Management Corp boosted its position in Mid-America Apartment Communities by 33.3% in the fourth quarter. Dupont Capital Management Corp now owns 19,539 shares of the real estate investment trust’s stock valued at $1,965,000 after buying an additional 4,879 shares during the last quarter. Finally, BTR Capital Management Inc. boosted its position in Mid-America Apartment Communities by 2.3% in the fourth quarter. BTR Capital Management Inc. now owns 68,238 shares of the real estate investment trust’s stock valued at $6,862,000 after buying an additional 1,558 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

In other Mid-America Apartment Communities news, Director Gary Shorb bought 500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $86.53 per share, for a total transaction of $43,265.00. Following the transaction, the director now directly owns 4,750 shares of the company’s stock, valued at approximately $411,017.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William Reid Sanders bought 4,100 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $90.98 per share, for a total transaction of $373,018.00. Following the transaction, the director now directly owns 13,109 shares in the company, valued at $1,192,656.82. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 4,716 shares of company stock worth $426,200. Insiders own 1.25% of the company’s stock.

A number of equities research analysts recently commented on the company. DA Davidson set a $110.00 target price on Mid-America Apartment Communities and gave the company a “buy” rating in a research report on Tuesday, January 30th. Mizuho set a $91.00 target price on Mid-America Apartment Communities and gave the company a “hold” rating in a research report on Friday, February 9th. ValuEngine lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Cantor Fitzgerald dropped 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. Finally, Zacks Investment Research lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Mid-America Apartment Communities presently has an average rating of “Buy” and a consensus price target of $106.15.

Shares of Mid-America Apartment Communities Inc (NYSE MAA) opened at $87.85 on Thursday. Mid-America Apartment Communities Inc has a 52-week low of $85.30 and a 52-week high of $110.95. The company has a market capitalization of $9,969.63, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 2.07 and a beta of 0.28.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were given a $0.9225 dividend. This represents a $3.69 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s dividend payout ratio is currently 129.02%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/02/15/american-century-companies-inc-sells-30631-shares-of-mid-america-apartment-communities-inc-maa.html.

Mid-America Apartment Communities Company 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.

Want to see what other hedge funds are holding MAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities Inc (NYSE:MAA).

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

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.