Amalgamated Bank Decreases Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Amalgamated Bank lowered its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAAGet Rating) by 6.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 28,914 shares of the real estate investment trust’s stock after selling 2,053 shares during the quarter. Amalgamated Bank’s holdings in Mid-America Apartment Communities were worth $6,056,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MAA. Tcwp LLC purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth about $29,000. Johnson Financial Group Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth about $40,000. Corbenic Partners LLC purchased a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth about $51,000. GW&K Investment Management LLC grew its holdings in shares of Mid-America Apartment Communities by 124.4% during the 1st quarter. GW&K Investment Management LLC now owns 496 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 275 shares during the period. Finally, Wunderlich Capital Managemnt purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth about $115,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAA. Piper Sandler decreased their price target on Mid-America Apartment Communities from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Jefferies Financial Group decreased their price target on Mid-America Apartment Communities from $212.00 to $201.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Raymond James restated a “downgrade” rating on shares of Mid-America Apartment Communities in a report on Thursday, August 4th. The Goldman Sachs Group upped their price target on Mid-America Apartment Communities from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, August 16th. Finally, Barclays upped their price target on Mid-America Apartment Communities from $211.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $207.93.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $165.95 on Monday. Mid-America Apartment Communities, Inc. has a 1-year low of $158.85 and a 1-year high of $231.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.39 and a quick ratio of 0.39. The business’s fifty day moving average price is $174.95 and its two-hundred day moving average price is $184.82. The firm has a market capitalization of $19.16 billion, a PE ratio of 32.54, a P/E/G ratio of 10.02 and a beta of 0.76.

Mid-America Apartment Communities (NYSE:MAAGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The business had revenue of $495.04 million for the quarter, compared to analyst estimates of $488.64 million. Mid-America Apartment Communities had a net margin of 31.30% and a return on equity of 10.01%. Mid-America Apartment Communities’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the business posted $1.69 earnings per share. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 8.28 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, July 25th. Stockholders of record on Friday, July 15th were issued a dividend of $1.25 per share. This represents a dividend yield of 2.85%. The ex-dividend date was Thursday, July 14th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 98.04%.

Insider Activity

In other news, EVP Melanie Carpenter sold 1,355 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $186.27, for a total transaction of $252,395.85. Following the transaction, the executive vice president now directly owns 17,953 shares of the company’s stock, valued at $3,344,105.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.34% of the company’s stock.

Mid-America Apartment Communities Company Profile

(Get Rating)

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

Further Reading

Want to see what other hedge funds are holding MAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities, Inc. (NYSE:MAAGet Rating).

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.