Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Sells $15,626.56 in Stock

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) EVP Timothy Argo sold 94 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $15,626.56. Following the completion of the transaction, the executive vice president now directly owns 17,740 shares of the company's stock, valued at approximately $2,949,097.60. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Timothy Argo also recently made the following trade(s):

• On Monday, April 7th, Timothy Argo sold 45 shares of Mid-America Apartment Communities stock. The shares were sold at an average price of $143.93, for a total transaction of $6,476.85.

Mid-America Apartment Communities Trading Down 0.4 %

Shares of MAA traded down $0.65 during trading hours on Tuesday, hitting $150.06. 2,130,582 shares of the stock were exchanged, compared to its average volume of 717,372. Mid-America Apartment Communities, Inc. has a fifty-two week low of $123.73 and a fifty-two week high of $173.38. The business has a 50-day moving average of $161.09 and a 200-day moving average of $157.25. The firm has a market capitalization of $17.54 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

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Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly 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%. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared 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 4.04%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities's payout ratio is 135.27%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MAA. Mizuho decreased their price target on 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 for the company in a research note on Tuesday, December 17th. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $159.50 to $168.00 in a research note on Friday, January 24th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price objective for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Finally, Royal Bank of Canada increased their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of "Moderate Buy" and a consensus target price of $168.90.

Institutional Investors Weigh In On Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently bought and sold shares of MAA. CoreCap Advisors LLC boosted its holdings in Mid-America Apartment Communities by 94.9% during the fourth 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 last quarter. IFP Advisors Inc raised 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 acquiring an additional 68 shares during the period. GoalVest Advisory LLC boosted its position in 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 worth $40,000 after purchasing an additional 160 shares during the period. Quarry LP purchased a new position in shares of Mid-America Apartment Communities in the third quarter worth about $45,000. Finally, Headlands Technologies LLC bought a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $46,000. 93.60% of the stock is owned by institutional investors.

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.