Insider Selling: Mid-America Apartment Communities Inc (NYSE:MAA) CFO Sells 256 Shares of Stock

Mid-America Apartment Communities Inc (NYSE:MAA) CFO Albert M. Campbell III sold 256 shares of Mid-America Apartment Communities stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $132.16, for a total transaction of $33,832.96. Following the transaction, the chief financial officer now directly owns 58,943 shares of the company’s stock, valued at $7,789,906.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSE MAA opened at $133.69 on Friday. Mid-America Apartment Communities Inc has a 1-year low of $98.94 and a 1-year high of $140.15. The company has a market cap of $15.03 billion, a PE ratio of 22.13, a P/E/G ratio of 5.16 and a beta of 0.29. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $131.81 and a two-hundred day moving average of $129.10.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.87). Mid-America Apartment Communities had a return on equity of 3.84% and a net margin of 16.25%. The company had revenue of $415.63 million during the quarter, compared to the consensus estimate of $411.16 million. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Mid-America Apartment Communities Inc will post 6.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, January 14th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.96. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.99%. Mid-America Apartment Communities’s payout ratio is currently 66.23%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Mid-America Apartment Communities by 4.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 573,461 shares of the real estate investment trust’s stock worth $74,556,000 after acquiring an additional 24,400 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Mid-America Apartment Communities by 19.3% in the third quarter. Meeder Asset Management Inc. now owns 568 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 92 shares during the last quarter. MML Investors Services LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter worth about $266,000. California State Teachers Retirement System raised its stake in shares of Mid-America Apartment Communities by 0.5% in the third quarter. California State Teachers Retirement System now owns 185,624 shares of the real estate investment trust’s stock worth $24,133,000 after acquiring an additional 938 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in shares of Mid-America Apartment Communities by 4.6% in the third quarter. Pictet Asset Management Ltd. now owns 75,776 shares of the real estate investment trust’s stock worth $9,852,000 after acquiring an additional 3,300 shares during the last quarter. 92.84% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on MAA shares. Scotiabank raised shares of Mid-America Apartment Communities from an “underperform” rating to a “sector perform” rating and set a $138.00 price target for the company in a report on Tuesday, November 26th. Mizuho downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and cut their price target for the company from $145.00 to $140.00 in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $135.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday, December 18th. KeyCorp lifted their price target on shares of Mid-America Apartment Communities from $131.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Barclays set a $141.00 price target on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a report on Friday, October 11th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Mid-America Apartment Communities currently has a consensus rating of “Buy” and a consensus target price of $129.73.

About Mid-America Apartment Communities

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

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Insider Buying and Selling by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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