Xponance Inc. Sells 818 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Xponance Inc. decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,101 shares of the real estate investment trust’s stock after selling 818 shares during the quarter. Xponance Inc.’s holdings in Mid-America Apartment Communities were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $35,000. CVA Family Office LLC bought a new stake in Mid-America Apartment Communities in the fourth quarter valued at approximately $40,000. First Financial Corp IN lifted its position in Mid-America Apartment Communities by 40.8% in the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 86 shares during the last quarter. Emfo LLC bought a new stake in Mid-America Apartment Communities in the fourth quarter valued at approximately $40,000. Finally, Lindbrook Capital LLC lifted its position in Mid-America Apartment Communities by 36.1% in the third quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the transaction, the chief executive officer now owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 2,807 shares of company stock worth $353,955 over the last three months. 1.30% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $127.47 on Tuesday. The company has a 50 day moving average price of $128.96 and a 200-day moving average price of $128.65. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. The firm has a market capitalization of $14.88 billion, a PE ratio of 27.06, a P/E/G ratio of 2.83 and a beta of 0.80. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.72.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.93). The business had revenue of $542.25 million for the quarter, compared to the consensus estimate of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 earnings per share. As a group, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.61%. Mid-America Apartment Communities’s payout ratio is currently 124.84%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MAA. Deutsche Bank Aktiengesellschaft began coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $136.00 price objective (down previously from $140.00) on shares of Mid-America Apartment Communities in a research report on Tuesday, January 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $136.00 target price on shares of Mid-America Apartment Communities in a report on Friday, February 9th. Scotiabank upgraded Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and upped their target price for the company from $133.00 to $147.00 in a report on Tuesday, January 16th. Finally, Morgan Stanley upped their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the company an “equal weight” rating in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.18.

Mid-America Apartment Communities Profile

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