Vanguard Personalized Indexing Management LLC Sells 2,152 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Vanguard Personalized Indexing Management LLC cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) by 20.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,517 shares of the real estate investment trust’s stock after selling 2,152 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Mid-America Apartment Communities were worth $1,096,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Summit X LLC lifted its stake in Mid-America Apartment Communities by 3.4% in the second quarter. Summit X LLC now owns 2,135 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 70 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its stake in Mid-America Apartment Communities by 3.8% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 1,910 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 70 shares during the period. Cape ANN Savings Bank lifted its stake in Mid-America Apartment Communities by 2.5% in the second quarter. Cape ANN Savings Bank now owns 3,339 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 80 shares during the period. Pathstone Family Office LLC lifted its stake in Mid-America Apartment Communities by 2.4% in the third quarter. Pathstone Family Office LLC now owns 3,425 shares of the real estate investment trust’s stock valued at $531,000 after buying an additional 80 shares during the period. Finally, Glenmede Trust Co. NA lifted its stake in Mid-America Apartment Communities by 6.1% in the third quarter. Glenmede Trust Co. NA now owns 1,463 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 84 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 4,028 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $130.21, for a total value of $524,485.88. Following the completion of the transaction, the chief executive officer now owns 304,523 shares in the company, valued at approximately $39,651,939.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO H Eric Bolton, Jr. sold 4,028 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $130.21, for a total transaction of $524,485.88. Following the transaction, the chief executive officer now owns 304,523 shares of the company’s stock, valued at approximately $39,651,939.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie Carpenter sold 371 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $131.33, for a total value of $48,723.43. Following the transaction, the executive vice president now directly owns 19,067 shares in the company, valued at approximately $2,504,069.11. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.0 %

Shares of NYSE:MAA opened at $124.52 on Monday. The company has a market capitalization of $14.53 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 4.70 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.09 and a quick ratio of 0.26. The business has a fifty day moving average price of $131.47 and a two-hundred day moving average price of $132.62. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $173.43.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.93). The business had revenue of $542.25 million during the quarter, compared to the consensus estimate of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 EPS. Analysts forecast that Mid-America Apartment Communities, Inc. will post 9.05 earnings per share for the current year.

Mid-America Apartment Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Thursday, January 11th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $1.40. Mid-America Apartment Communities’s dividend payout ratio is 124.84%.

Wall Street Analyst Weigh In

MAA has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $136.00 target price on shares of Mid-America Apartment Communities in a research report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They set a “hold” rating and a $139.00 target price on the stock. Piper Sandler lowered Mid-America Apartment Communities from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $182.00 to $130.00 in a research report on Tuesday, October 31st. Scotiabank raised Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and upped their target price for the stock from $133.00 to $147.00 in a research report on Tuesday, January 16th. Finally, Truist Financial raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $158.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.26.

Get Our Latest Stock Report on Mid-America Apartment Communities

Mid-America Apartment Communities Profile

(Free Report)

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

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

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