Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) EVP Aubrey Clay Holder sold 145 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $124.73, for a total transaction of $18,085.85. Following the completion of the sale, the executive vice president directly owned 13,679 shares in the company, valued at approximately $1,706,181.67. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Aubrey Clay Holder also recently made the following trade(s):
- On Thursday, January 8th, Aubrey Clay Holder sold 73 shares of Mid-America Apartment Communities stock. The stock was sold at an average price of $134.98, for a total transaction of $9,853.54.
- On Tuesday, January 6th, Aubrey Clay Holder sold 51 shares of Mid-America Apartment Communities stock. The stock was sold at an average price of $136.50, for a total transaction of $6,961.50.
Mid-America Apartment Communities Stock Down 0.1%
NYSE:MAA traded down $0.08 during trading hours on Monday, hitting $124.80. The company’s stock had a trading volume of 614,855 shares, compared to its average volume of 984,985. The stock has a market capitalization of $14.59 billion, a P/E ratio of 33.02 and a beta of 0.80. The stock has a fifty day moving average of $130.33 and a 200-day moving average of $133.07. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.93. Mid-America Apartment Communities, Inc. has a 52-week low of $120.30 and a 52-week high of $169.00.
Mid-America Apartment Communities Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be paid a dividend of $1.53 per share. The ex-dividend date is Wednesday, April 15th. This represents a $6.12 annualized dividend and a yield of 4.9%. Mid-America Apartment Communities’s payout ratio is presently 161.90%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Tobam acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $26,000. Physician Wealth Advisors Inc. increased its position in Mid-America Apartment Communities by 65.2% in the 4th quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 75 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Mid-America Apartment Communities in the 4th quarter valued at about $32,000. Measured Wealth Private Client Group LLC purchased a new stake in Mid-America Apartment Communities during the 3rd quarter valued at approximately $33,000. Finally, Sentry Investment Management LLC acquired a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $36,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MAA has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Mid-America Apartment Communities from $164.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. BMO Capital Markets upgraded shares of Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $158.00 in a research note on Friday, January 9th. Royal Bank Of Canada reduced their price target on shares of Mid-America Apartment Communities from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Mizuho upped their price objective on shares of Mid-America Apartment Communities from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, UBS Group raised their price objective on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $149.74.
Get Our Latest Research Report on Mid-America Apartment Communities
Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.
MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.
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