Mid-America Apartment Communities, Inc. (NYSE:MAA) CEO H Eric Bolton, Jr. Sells 2,643 Shares

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $149.93, for a total transaction of $396,264.99. Following the completion of the transaction, the chief executive officer now owns 319,813 shares in the company, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mid-America Apartment Communities Stock Performance

NYSE MAA traded down $0.63 during midday trading on Friday, hitting $154.24. The company had a trading volume of 1,588,647 shares, compared to its average volume of 729,506. The firm has a fifty day simple moving average of $161.35 and a two-hundred day simple moving average of $157.11. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. Equities analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

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Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is 135.27%.

Institutional Trading of Mid-America Apartment Communities

Large investors have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares during the period. IFP Advisors Inc grew its stake in Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares during the period. GoalVest Advisory LLC increased its stake in shares of Mid-America Apartment Communities by 200.0% during the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 160 shares during the last quarter. Quarry LP bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $45,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth $46,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Mizuho decreased their target price on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. StockNews.com raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Sunday, April 6th. Royal Bank of Canada increased their price target on Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Finally, Raymond James lifted their price objective on shares of Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $168.76.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.