Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Melanie Carpenter sold 208 shares of the business’s stock in a transaction dated Tuesday, January 12th. The stock was sold at an average price of $123.51, for a total transaction of $25,690.08. Following the sale, the executive vice president now directly owns 16,399 shares in the company, valued at approximately $2,025,440.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NYSE:MAA opened at $126.42 on Thursday. The firm has a 50 day simple moving average of $124.29 and a 200-day simple moving average of $119.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market cap of $14.46 billion, a PE ratio of 45.47 and a beta of 0.66. Mid-America Apartment Communities, Inc. has a 1-year low of $82.00 and a 1-year high of $148.88.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.01). Mid-America Apartment Communities had a net margin of 19.22% and a return on equity of 5.63%. As a group, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 6.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be given a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, January 14th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.00. Mid-America Apartment Communities’s payout ratio is currently 61.07%.

A number of hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its position in Mid-America Apartment Communities by 4.2% during the third quarter. Signaturefd LLC now owns 2,436 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 99 shares during the last quarter. Seeyond increased its position in Mid-America Apartment Communities by 2.0% during the third quarter. Seeyond now owns 6,874 shares of the real estate investment trust’s stock worth $797,000 after purchasing an additional 136 shares during the last quarter. Independent Advisor Alliance increased its position in Mid-America Apartment Communities by 8.0% during the third quarter. Independent Advisor Alliance now owns 1,949 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 145 shares during the last quarter. Advisor Partners LLC increased its position in Mid-America Apartment Communities by 4.9% during the third quarter. Advisor Partners LLC now owns 3,658 shares of the real estate investment trust’s stock worth $424,000 after purchasing an additional 170 shares during the last quarter. Finally, Denali Advisors LLC increased its position in Mid-America Apartment Communities by 6.3% during the third quarter. Denali Advisors LLC now owns 3,400 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 200 shares during the last quarter. 86.02% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on MAA. Smith Barney Citigroup lifted their target price on shares of Mid-America Apartment Communities from $120.00 to $125.00 in a research report on Tuesday, December 15th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and lifted their target price for the stock from $123.00 to $148.00 in a research report on Tuesday, October 13th. Mizuho lifted their target price on shares of Mid-America Apartment Communities from $115.00 to $128.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of Mid-America Apartment Communities from $120.00 to $125.00 in a research report on Tuesday, December 15th. Finally, Truist lifted their target price on shares of Mid-America Apartment Communities from $122.00 to $130.00 in a research report on Monday, November 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus price target of $127.22.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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