Mid-America Apartment Communities, Inc. (NYSE:MAA) Director David P. Stockert sold 6,039 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $156.67, for a total value of $946,130.13.

Shares of NYSE:MAA traded down $0.15 during mid-day trading on Tuesday, reaching $156.42. 715,190 shares of the company were exchanged, compared to its average volume of 663,771. Mid-America Apartment Communities, Inc. has a 1 year low of $102.23 and a 1 year high of $158.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.05 and a quick ratio of 0.05. The firm’s 50-day simple moving average is $149.25 and its 200 day simple moving average is $133.56. The firm has a market cap of $17.89 billion, a price-to-earnings ratio of 56.27 and a beta of 0.66.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.61 by ($1.21). The firm had revenue of $425.01 million for the quarter, compared to analysts’ expectations of $423.65 million. Mid-America Apartment Communities had a return on equity of 5.63% and a net margin of 19.22%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. On average, research analysts forecast that Mid-America Apartment Communities, Inc. will post 6.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Thursday, April 15th were paid a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 2.62%. The ex-dividend date was Wednesday, April 14th. Mid-America Apartment Communities’s payout ratio is currently 62.60%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. PrairieView Partners LLC purchased a new stake in Mid-America Apartment Communities during the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. acquired a new position in Mid-America Apartment Communities in the fourth quarter valued at $41,000. CWM LLC increased its stake in Mid-America Apartment Communities by 328.2% in the first quarter. CWM LLC now owns 304 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 233 shares during the period. Cutler Group LP boosted its stake in shares of Mid-America Apartment Communities by 47.8% during the first quarter. Cutler Group LP now owns 309 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 100 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $53,000. Institutional investors and hedge funds own 91.38% of the company’s stock.

A number of research analysts have weighed in on MAA shares. Royal Bank of Canada began coverage on Mid-America Apartment Communities in a report on Tuesday, March 30th. They issued a “sector perform” rating and a $146.00 price objective on the stock. Mizuho boosted their price target on shares of Mid-America Apartment Communities from $128.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, March 15th. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $132.00 to $145.00 in a report on Friday, January 22nd. Finally, Robert W. Baird cut Mid-America Apartment Communities from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $132.00 to $137.00 in a report on Tuesday, February 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $134.36.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Insider Buying and Selling by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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