1,076 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,076 shares of the real estate investment trust’s stock, valued at approximately $145,000.

A number of other institutional investors also recently added to or reduced their stakes in MAA. DAVENPORT & Co LLC raised its holdings in Mid-America Apartment Communities by 4.5% during the third quarter. DAVENPORT & Co LLC now owns 3,537 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 153 shares in the last quarter. Czech National Bank raised its holdings in Mid-America Apartment Communities by 47.7% during the third quarter. Czech National Bank now owns 20,392 shares of the real estate investment trust’s stock worth $2,623,000 after purchasing an additional 6,582 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Mid-America Apartment Communities by 16.5% during the third quarter. Handelsbanken Fonder AB now owns 31,429 shares of the real estate investment trust’s stock worth $4,043,000 after purchasing an additional 4,444 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Mid-America Apartment Communities during the third quarter worth approximately $3,219,000. Finally, Xponance Inc. increased its holdings in shares of Mid-America Apartment Communities by 6.0% in the 3rd quarter. Xponance Inc. now owns 15,919 shares of the real estate investment trust’s stock valued at $2,048,000 after acquiring an additional 903 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Ratings Changes

MAA has been the topic of a number of recent research reports. Scotiabank raised shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and lifted their target price for the company from $133.00 to $147.00 in a report on Tuesday, January 16th. Truist Financial cut their target price on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Morgan Stanley lifted their price objective on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mid-America Apartment Communities in a research report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 price objective on the stock. Finally, Mizuho lowered their price objective on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.06.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company’s stock in a transaction dated 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 directly owns 317,737 shares in the company, valued at approximately $40,057,103.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 2,807 shares of company stock worth $353,955. Corporate insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $131.13 on Tuesday. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.90 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. The company’s 50-day moving average price is $129.06 and its 200 day moving average price is $128.52. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72.

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

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued 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 yield of 4.48%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 124.84%.

Mid-America Apartment Communities Company 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.