Eurizon Capital SGR S.p.A. bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,588 shares of the real estate investment trust’s stock, valued at approximately $3,554,000.
Several other large investors have also recently bought and sold shares of MAA. Tobam purchased a new position in Mid-America Apartment Communities in the third quarter valued at $26,000. Physician Wealth Advisors Inc. grew its holdings in shares of Mid-America Apartment Communities by 65.2% during the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Mid-America Apartment Communities during the third quarter worth about $33,000. Sentry Investment Management LLC purchased a new position in shares of Mid-America Apartment Communities during the third quarter worth about $36,000. Finally, United Community Bank grew its holdings in shares of Mid-America Apartment Communities by 1,000.0% during the third quarter. United Community Bank now owns 297 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Price Performance
Shares of MAA opened at $128.24 on Tuesday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $120.30 and a fifty-two week high of $156.23. The company has a market capitalization of $14.93 billion, a price-to-earnings ratio of 38.86 and a beta of 0.77. The firm has a 50-day simple moving average of $126.74 and a 200-day simple moving average of $131.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13.
Mid-America Apartment Communities Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $1.53 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.8%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 185.45%.
Analyst Upgrades and Downgrades
MAA has been the topic of several research reports. Truist Financial dropped their price objective on Mid-America Apartment Communities from $142.00 to $136.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. KeyCorp dropped their price objective on Mid-America Apartment Communities from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Citigroup dropped their price objective on Mid-America Apartment Communities from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen raised Mid-America Apartment Communities from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Finally, Royal Bank Of Canada dropped their price objective on Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating on the stock in a report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.44.
View Our Latest Stock Analysis on MAA
Insider Transactions at Mid-America Apartment Communities
In other news, Director Tamara D. Fischer acquired 1,100 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $128.55 per share, for a total transaction of $141,405.00. Following the completion of the transaction, the director directly owned 1,100 shares in the company, valued at approximately $141,405. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Amber Fairbanks sold 711 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $88,683.03. Following the completion of the sale, the executive vice president owned 4,471 shares of the company’s stock, valued at approximately $557,667.83. The trade was a 13.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 1,039 shares of company stock valued at $129,594. 0.60% of the stock is owned by insiders.
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.
MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.
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