Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Walleye Capital LLC

Walleye Capital LLC trimmed its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,002 shares of the real estate investment trust’s stock after selling 244 shares during the quarter. Walleye Capital LLC’s holdings in Mid-America Apartment Communities were worth $309,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in shares of Mid-America Apartment Communities by 0.9% in the 4th quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 68 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 68 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 69 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Mid-America Apartment Communities by 6.4% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 70 shares during the last quarter. Finally, Chesley Taft & Associates LLC boosted its position in shares of Mid-America Apartment Communities by 1.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust’s stock valued at $746,000 after purchasing an additional 75 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the sale, the chief executive officer now directly owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 7,140 shares of company stock valued at $1,142,842. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Mizuho cut their price target on Mid-America Apartment Communities from $163.00 to $159.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Truist Financial upped their price target on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Barclays lowered their price objective on shares of Mid-America Apartment Communities from $163.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, StockNews.com raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Moderate Buy” and an average target price of $168.76.

Mid-America Apartment Communities Price Performance

Mid-America Apartment Communities stock opened at $159.52 on Friday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $126.70 and a fifty-two week high of $173.38. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 3.72 and a beta of 0.79. The stock’s fifty day moving average is $161.34 and its two-hundred day moving average is $157.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current 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, beating the consensus estimate of $1.04 by $1.19. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. Analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $1.515 per share. This represents a $6.06 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Tuesday, April 15th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 135.27%.

Mid-America Apartment Communities Company 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.