Compagnie Lombard Odier SCmA Invests $81,000 in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Compagnie Lombard Odier SCmA bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 600 shares of the real estate investment trust’s stock, valued at approximately $81,000.

A number of other institutional investors have also made changes to their positions in MAA. Cullen Frost Bankers Inc. acquired a new position in shares of Mid-America Apartment Communities during the third quarter worth $35,000. ST Germain D J Co. Inc. acquired a new position in Mid-America Apartment Communities in the second quarter worth about $36,000. Quarry LP grew its stake in Mid-America Apartment Communities by 186.5% in the first quarter. Quarry LP now owns 275 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 179 shares in the last quarter. Hibernia Wealth Partners LLC acquired a new position in Mid-America Apartment Communities in the third quarter worth about $46,000. Finally, Lindbrook Capital LLC grew its stake in Mid-America Apartment Communities by 36.1% in the third quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 106 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank upgraded Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the stock from $133.00 to $147.00 in a research note on Tuesday, January 16th. Truist Financial upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and lifted their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, January 16th. Mizuho cut their target price on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a $136.00 price target (down previously from $140.00) on shares of Mid-America Apartment Communities in a report on Tuesday, January 2nd. Finally, Morgan Stanley boosted their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.18.

Check Out Our Latest Report on Mid-America Apartment Communities

Mid-America Apartment Communities Trading Down 0.6 %

NYSE MAA opened at $130.00 on Tuesday. The firm’s 50 day moving average price is $129.38 and its two-hundred day moving average price is $129.19. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 4.19 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $158.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last issued its earnings results 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 company had revenue of $542.25 million for the quarter, compared to analyst estimates of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $2.32 EPS. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.94 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s payout ratio is presently 124.84%.

Insider Activity at Mid-America Apartment Communities

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

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.

Recommended Stories

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:MAAFree Report).

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.