891 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Acquired by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 891 shares of the real estate investment trust’s stock, valued at approximately $113,000.

A number of other large investors also recently modified their holdings of MAA. DAVENPORT & Co LLC lifted its holdings in shares of Mid-America Apartment Communities by 4.5% during the third quarter. DAVENPORT & Co LLC now owns 3,537 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 153 shares during the last quarter. Czech National Bank lifted its holdings in shares of Mid-America Apartment Communities by 47.7% during the third quarter. Czech National Bank now owns 20,392 shares of the real estate investment trust’s stock worth $2,623,000 after buying an additional 6,582 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Mid-America Apartment Communities by 16.5% during the third quarter. Handelsbanken Fonder AB now owns 31,429 shares of the real estate investment trust’s stock worth $4,043,000 after buying an additional 4,444 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Mid-America Apartment Communities during the third quarter valued at approximately $312,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Mid-America Apartment Communities during the third quarter valued at approximately $3,219,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of the transaction, the chief executive officer now directly owns 317,737 shares in the company, valued at $40,057,103.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 2,807 shares of company stock worth $353,955. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial lowered their price objective on Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Scotiabank upgraded Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and boosted their price objective for the company from $133.00 to $147.00 in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They set a “hold” rating and a $139.00 price objective on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $149.00 price target on shares of Mid-America Apartment Communities in a research report on Thursday, February 22nd. Finally, Mizuho lowered their price target on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus price target of $143.18.

Mid-America Apartment Communities Trading Up 1.6 %

NYSE:MAA opened at $129.23 on Monday. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $158.46. The business’s 50-day moving average price is $129.06 and its two-hundred day moving average price is $128.56. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.90 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.93). The business had revenue of $542.25 million for the quarter, compared to analyst estimates of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.32 EPS. On average, equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.55%. Mid-America Apartment Communities’s payout ratio is presently 124.84%.

Mid-America Apartment Communities Company Profile

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.