Vanguard Personalized Indexing Management LLC Sells 2,152 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Vanguard Personalized Indexing Management LLC trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) by 20.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,517 shares of the real estate investment trust’s stock after selling 2,152 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Mid-America Apartment Communities were worth $1,096,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Mid-America Apartment Communities by 1.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,059 shares of the real estate investment trust’s stock valued at $1,376,000 after acquiring an additional 100 shares in the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Mid-America Apartment Communities by 994.5% in the second quarter. Kistler Tiffany Companies LLC now owns 602 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 547 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Mid-America Apartment Communities by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,252,014 shares of the real estate investment trust’s stock worth $161,072,000 after buying an additional 16,889 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Mid-America Apartment Communities by 5.6% in the second quarter. Asset Management One Co. Ltd. now owns 237,027 shares of the real estate investment trust’s stock worth $35,995,000 after buying an additional 12,479 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth about $19,138,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 4,028 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $130.21, for a total value of $524,485.88. Following the transaction, the chief executive officer now owns 304,523 shares of the company’s stock, valued at $39,651,939.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO H Eric Bolton, Jr. sold 4,028 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $130.21, for a total value of $524,485.88. Following the transaction, the chief executive officer now owns 304,523 shares of the company’s stock, valued at $39,651,939.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Melanie Carpenter sold 371 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $131.33, for a total value of $48,723.43. Following the completion of the transaction, the executive vice president now directly owns 19,067 shares in the company, valued at approximately $2,504,069.11. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $136.00 target price (down from $140.00) on shares of Mid-America Apartment Communities in a research report on Tuesday, January 2nd. Colliers Securities upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Tuesday, November 28th. Bank of America downgraded Mid-America Apartment Communities from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $136.00 to $112.00 in a research report on Tuesday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $136.00 target price on shares of Mid-America Apartment Communities in a research report on Friday. Finally, Morgan Stanley assumed coverage on Mid-America Apartment Communities in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $128.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Mid-America Apartment Communities has a consensus rating of “Hold” and a consensus price target of $145.26.

Get Our Latest Stock Analysis on MAA

Mid-America Apartment Communities Trading Up 0.0 %

MAA opened at $124.52 on Monday. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 4.70 and a beta of 0.81. The stock’s 50 day moving average price is $131.47 and its 200-day moving average price is $132.62. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $173.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.26 and a current ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last released its earnings results 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 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 company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.32 EPS. On average, equities analysts forecast that Mid-America Apartment Communities, Inc. will post 9.05 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were paid a $1.47 dividend. The ex-dividend date was Thursday, January 11th. This represents a $5.88 annualized dividend and a yield of 4.72%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.40. Mid-America Apartment Communities’s dividend payout ratio is 124.84%.

Mid-America Apartment Communities Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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