International Assets Investment Management LLC Buys Shares of 1,076 Mid-America Apartment Communities, Inc. (NYSE:MAA)

International Assets Investment Management LLC bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,076 shares of the real estate investment trust’s stock, valued at approximately $145,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Raleigh Capital Management Inc. grew its stake in Mid-America Apartment Communities by 22.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 463 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 84 shares in the last quarter. First Financial Corp IN lifted its holdings in shares of Mid-America Apartment Communities by 40.8% during the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 86 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Mid-America Apartment Communities by 22.8% during the 4th quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 95 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Mid-America Apartment Communities by 3.4% during the 4th quarter. Diversified Trust Co now owns 3,079 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 102 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Mid-America Apartment Communities by 36.1% during the 3rd quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 1.5 %

Shares of MAA stock opened at $131.13 on Tuesday. The stock has a 50 day moving average of $129.06 and a 200-day moving average of $128.52. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $158.46. The firm has a market cap of $15.31 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.80. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.72.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data 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 during 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%. Mid-America Apartment Communities’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 firm posted $2.32 EPS. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.92 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. Shareholders of record on Monday, April 15th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 124.84%.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 2,807 shares of company stock valued at $353,955. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MAA shares. Scotiabank upgraded Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the company from $133.00 to $147.00 in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Mid-America Apartment Communities in a report on Tuesday, January 30th. They set a “hold” rating and a $139.00 price target for the company. Mizuho reduced their target price on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Piper Sandler restated a “neutral” rating and issued a $140.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $149.00 target price on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $143.06.

About Mid-America Apartment Communities

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.