Ameliora Wealth Management Ltd. Acquires Shares of 1,200 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Ameliora Wealth Management Ltd. purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,200 shares of the real estate investment trust’s stock, valued at approximately $158,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth about $27,000. Mather Group LLC. acquired a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $32,000. First Financial Corp IN grew its position in shares of Mid-America Apartment Communities by 40.8% in the 4th 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 period. CVA Family Office LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at approximately $40,000. Finally, Emfo LLC acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at approximately $40,000. 93.60% of the stock is owned by institutional investors.

Insider Activity at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $126.07, for a total value of $333,076.94. Following the sale, the chief executive officer now owns 317,737 shares in the company, valued at approximately $40,057,103.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 2,807 shares of company stock worth $353,955. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 15th. 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. Wedbush upgraded Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $135.00 to $154.00 in a research note on Monday, May 6th. Mizuho boosted their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Finally, Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $142.44.

Mid-America Apartment Communities Stock Up 1.5 %

Shares of Mid-America Apartment Communities stock traded up $2.06 on Friday, reaching $142.60. 844,915 shares of the company were exchanged, compared to its average volume of 796,862. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $158.46. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.10 and a beta of 0.84. 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 company has a 50-day moving average of $135.43 and a 200 day moving average of $132.15.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly 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). Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.44 million. During the same quarter last year, the company posted $2.28 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Monday, July 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 123.27%.

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.