Robeco Institutional Asset Management B.V. Sells 96,846 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 91.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,835 shares of the real estate investment trust’s stock after selling 96,846 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mid-America Apartment Communities were worth $1,188,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. First Eagle Investment Management LLC bought a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at about $94,000. Janney Montgomery Scott LLC lifted its holdings in shares of Mid-America Apartment Communities by 163.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock valued at $2,923,000 after purchasing an additional 13,474 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of Mid-America Apartment Communities by 29.5% during the 4th quarter. Westpac Banking Corp now owns 1,425 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 325 shares in the last quarter. First United Bank & Trust bought a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at about $27,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Mid-America Apartment Communities by 188.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock valued at $195,179,000 after purchasing an additional 949,171 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.4 %

MAA stock opened at $136.00 on Thursday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $15.89 billion, a PE ratio of 28.51, a PEG ratio of 3.04 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $158.46. The business’s 50 day simple moving average is $131.25 and its 200 day simple moving average is $129.62.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The business had revenue of $543.60 million for the quarter, compared to analyst estimates of $541.44 million. Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 earnings per share. As a group, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.87 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, July 15th. Mid-America Apartment Communities’s payout ratio is presently 123.27%.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the transaction, the chief executive officer now directly owns 317,737 shares of the company’s stock, valued at approximately $40,057,103.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 2,807 shares of company stock valued at $353,955. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho cut their price objective on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Piper Sandler restated a “neutral” rating and issued a $140.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. UBS Group boosted their target price on Mid-America Apartment Communities from $126.00 to $131.00 and gave the company a “sell” rating in a research note on Tuesday, May 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $136.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Finally, Scotiabank boosted their target price on Mid-America Apartment Communities from $139.00 to $144.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $144.18.

About Mid-America Apartment Communities

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.