Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,321 shares of the real estate investment trust’s stock after selling 698 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Mid-America Apartment Communities were worth $977,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at approximately $826,562,000. JPMorgan Chase & Co. lifted its stake in Mid-America Apartment Communities by 26.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,344,862 shares of the real estate investment trust’s stock valued at $517,015,000 after buying an additional 708,125 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at $95,671,000. Aew Capital Management L P grew its position in shares of Mid-America Apartment Communities by 516.3% during the fourth quarter. Aew Capital Management L P now owns 630,994 shares of the real estate investment trust’s stock worth $97,533,000 after acquiring an additional 528,608 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Mid-America Apartment Communities by 200.5% in the 4th quarter. Russell Investments Group Ltd. now owns 455,640 shares of the real estate investment trust’s stock worth $70,300,000 after acquiring an additional 304,021 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $153.89 on Thursday. The company has a fifty day moving average price of $161.21 and a two-hundred day moving average price of $157.06. Mid-America Apartment Communities, Inc. has a one year low of $123.84 and a one year high of $173.38. The stock has a market cap of $17.99 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. As a group, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is 135.27%.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Raymond James raised their price target on Mid-America Apartment Communities from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Thursday, March 20th. Evercore ISI upped their price objective on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Truist Financial boosted their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Finally, Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the company from $148.00 to $190.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities has a consensus rating of “Moderate Buy” and an average price target of $168.76.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the sale, the chief executive officer now directly owns 319,813 shares of the company’s stock, valued at approximately $47,949,563.09. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 7,140 shares of company stock valued at $1,142,842. 1.30% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.