Farther Finance Advisors LLC Has $384,000 Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Farther Finance Advisors LLC boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 133.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,291 shares of the real estate investment trust’s stock after buying an additional 1,311 shares during the period. Farther Finance Advisors LLC’s holdings in Mid-America Apartment Communities were worth $384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MAA. CoreCap Advisors LLC grew its holdings in Mid-America Apartment Communities by 94.9% in the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 112 shares during the period. IFP Advisors Inc boosted its position in shares of Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. GoalVest Advisory LLC lifted its stake in Mid-America Apartment Communities by 200.0% during the 1st quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 160 shares in the last quarter. Headlands Technologies LLC purchased a new position in Mid-America Apartment Communities during the 4th quarter worth $46,000. Finally, NBC Securities Inc. bought a new stake in shares of Mid-America Apartment Communities in the 1st quarter worth $46,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MAA. Barclays upped their target price on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Robert W. Baird upped their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their target price for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. JMP Securities lifted their target price on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 22nd. Finally, Scotiabank dropped their price target on shares of Mid-America Apartment Communities from $194.00 to $180.00 and set a “sector outperform” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $169.76.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the transaction, the executive vice president now owns 3,012 shares of the company’s stock, valued at $502,552.20. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total value of $724,473.92. Following the completion of the transaction, the chief executive officer now directly owns 324,171 shares of the company’s stock, valued at approximately $53,890,187.04. This represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock worth $1,171,707 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $149.53 on Tuesday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $137.51 and a fifty-two week high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $17.50 billion, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 3.72 and a beta of 0.78. The firm’s fifty day moving average price is $157.08 and its 200-day moving average price is $157.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million for the quarter, compared to analysts’ expectations of $551.21 million. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $2.22 earnings per share. On average, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $1.515 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 4.05%. Mid-America Apartment Communities’s payout ratio is currently 126.25%.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.