Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 49.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,309 shares of the real estate investment trust’s stock after selling 3,217 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Mid-America Apartment Communities were worth $511,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MAA. Inspire Investing LLC grew its stake 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 worth $1,233,000 after buying an additional 68 shares in the last quarter. IFP Advisors Inc grew its position in Mid-America Apartment Communities by 37.2% in the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Sanctuary Advisors LLC increased its stake in 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 acquiring an additional 69 shares during the last quarter. Huntington National Bank raised its position in Mid-America Apartment Communities by 6.4% during the fourth 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 period. Finally, Chesley Taft & Associates LLC lifted its stake 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 last quarter. Institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling

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

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $160.69 on Tuesday. The company’s 50 day moving average is $161.45 and its 200 day moving average is $157.29. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 3.72 and a beta of 0.79. Mid-America Apartment Communities, Inc. has a 52-week low of $126.77 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, April 15th. Mid-America Apartment Communities’s payout ratio is currently 135.27%.

Analyst Ratings Changes

Several analysts recently weighed in on MAA shares. Morgan Stanley upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $159.50 to $168.00 in a report on Friday, January 24th. Royal Bank of Canada raised their target price on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. StockNews.com raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, April 23rd. Evercore ISI raised 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 research note on Monday, February 10th. Finally, Truist Financial boosted their target price on 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.76.

About Mid-America Apartment Communities

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.