Mid-America Apartment Communities, Inc. (NYSE:MAA) Director David P. Stockert Sells 6,039 Shares


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Mid-America Apartment Communities, Inc. (NYSE:MAA) Director David P. Stockert sold 6,039 shares of the company’s stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $156.67, for a total transaction of $946,130.13.

Mid-America Apartment Communities stock traded down $0.15 during mid-day trading on Tuesday, reaching $156.42. 715,190 shares of the company were exchanged, compared to its average volume of 663,771. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $17.89 billion, a P/E ratio of 56.27 and a beta of 0.66. The business has a fifty day moving average of $149.25 and a 200 day moving average of $133.56. Mid-America Apartment Communities, Inc. has a 12-month low of $102.23 and a 12-month high of $158.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Tuesday, April 27th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($1.21). Mid-America Apartment Communities had a return on equity of 5.63% and a net margin of 19.22%. The company had revenue of $425.01 million for the quarter, compared to analysts’ expectations of $423.65 million. During the same quarter last year, the company earned $1.62 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 6.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Thursday, April 15th were paid a dividend of $1.025 per share. The ex-dividend date was Wednesday, April 14th. This represents a $4.10 annualized dividend and a dividend yield of 2.62%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 62.60%.

Large investors have recently bought and sold shares of the stock. PrairieView Partners LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth $25,000. SOA Wealth Advisors LLC. acquired a new position in Mid-America Apartment Communities during the 4th quarter valued at about $41,000. Cutler Group LP raised its stake in Mid-America Apartment Communities by 47.8% in the first quarter. Cutler Group LP now owns 309 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. CWM LLC boosted its holdings in Mid-America Apartment Communities by 328.2% in the first quarter. CWM LLC now owns 304 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 233 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $53,000. 91.38% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the stock. Robert W. Baird cut shares of Mid-America Apartment Communities from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $132.00 to $137.00 in a research report on Tuesday, February 9th. Scotiabank upgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $132.00 to $145.00 in a report on Friday, January 22nd. Mizuho increased their price objective on Mid-America Apartment Communities from $128.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, March 15th. Finally, Royal Bank of Canada started coverage on Mid-America Apartment Communities in a research report on Tuesday, March 30th. They set a “sector perform” rating and a $146.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of “Buy” and an average price target of $134.36.

Mid-America Apartment Communities Company Profile

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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