H Eric Bolton, Jr. Sells 4,358 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) CEO H Eric Bolton, Jr. sold 4,358 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total value of $724,473.92. Following the transaction, the chief executive officer now directly owns 324,171 shares in the company, valued at $53,890,187.04. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mid-America Apartment Communities Price Performance

MAA traded down $0.65 during trading on Tuesday, hitting $150.06. 2,130,582 shares of the stock traded hands, compared to its average volume of 717,372. The business has a 50 day moving average price of $161.09 and a 200 day moving average price of $157.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities, Inc. has a twelve month low of $123.73 and a twelve month high of $173.38. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 3.72 and a beta of 0.79.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS 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 research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Remove Ads

Mid-America Apartment Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is 135.27%.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research reports. Mizuho decreased their price target on shares of Mid-America Apartment Communities from $163.00 to $159.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. KeyCorp raised Mid-America Apartment Communities from a "sector weight" rating to an "overweight" rating and set a $180.00 target price on the stock in a research report on Tuesday, December 17th. Royal Bank of Canada increased their target price on Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Morgan Stanley upgraded Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Finally, Raymond James increased their price objective on Mid-America Apartment Communities from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $168.90.

Institutional Trading of Mid-America Apartment Communities

A number of hedge funds and other institutional investors have recently modified their holdings of MAA. CoreCap Advisors LLC boosted its holdings in shares of Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 112 shares in the last quarter. IFP Advisors Inc raised its position in Mid-America Apartment Communities by 37.2% in the fourth 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 last quarter. GoalVest Advisory LLC boosted its stake in shares of Mid-America Apartment Communities by 200.0% during the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 160 shares in the last quarter. Quarry LP bought a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $45,000. Finally, Headlands Technologies LLC acquired a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $46,000. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Company Profile

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.