Xponance Inc. Trims Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Xponance Inc. lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.1% during the 4th quarter, Holdings Channel reports. The fund owned 15,101 shares of the real estate investment trust’s stock after selling 818 shares during the quarter. Xponance Inc.’s holdings in Mid-America Apartment Communities were worth $2,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $35,000. First Financial Corp IN grew its position in shares of Mid-America Apartment Communities by 40.8% during the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 86 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter worth about $40,000. Emfo LLC acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter worth about $40,000. Finally, Lindbrook Capital LLC grew its position in shares of Mid-America Apartment Communities by 36.1% during the third quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 106 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mid-America Apartment Communities in a report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 price target for the company. Truist Financial lowered 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 research report on Tuesday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $136.00 price target (down from $140.00) on shares of Mid-America Apartment Communities in a report on Tuesday, January 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Finally, Scotiabank raised Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and raised their target price for the company from $133.00 to $147.00 in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $143.18.

Mid-America Apartment Communities Trading Up 1.1 %

Mid-America Apartment Communities stock opened at $127.47 on Tuesday. The stock has a market cap of $14.88 billion, a PE ratio of 27.06, a P/E/G ratio of 2.83 and a beta of 0.80. The stock has a 50-day moving average price of $128.96 and a 200 day moving average price of $128.65. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. 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 posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.93). The business had revenue of $542.25 million during the quarter, compared to analysts’ expectations of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.32 EPS. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared 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. This represents a $5.88 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 124.84%.

Insider Activity

In other news, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction dated Friday, April 5th. The stock was 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 of the company’s stock, valued at approximately $40,057,103.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,807 shares of company stock valued at $353,955 in the last three months. Corporate insiders own 1.30% of the company’s stock.

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.