Mid-America Apartment Communities, Inc. (NYSE:MAA) Director Sells $946,130.13 in Stock
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.
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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