Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,830 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Yousif Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at $113,000. RWA Wealth Partners LLC acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at about $239,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of Mid-America Apartment Communities by 12.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,350 shares of the real estate investment trust’s stock worth $451,000 after purchasing an additional 380 shares during the last quarter. Cetera Trust Company N.A acquired a new position in Mid-America Apartment Communities in the fourth quarter worth about $161,000. Finally, Handelsbanken Fonder AB increased its holdings in Mid-America Apartment Communities by 26.7% in the fourth quarter. Handelsbanken Fonder AB now owns 39,832 shares of the real estate investment trust’s stock valued at $5,356,000 after buying an additional 8,403 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They set a “hold” rating and a $139.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $149.00 price target on shares of Mid-America Apartment Communities in a research report on Thursday, February 22nd. Scotiabank raised shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and boosted their price objective for the company from $133.00 to $147.00 in a research report on Tuesday, January 16th. Jefferies Financial Group reissued a “hold” rating and issued a $136.00 target price (down previously from $140.00) on shares of Mid-America Apartment Communities in a report on Tuesday, January 2nd. Finally, Morgan Stanley lifted their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.06.

Insider Activity

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the sale, the chief executive officer now directly owns 317,737 shares in the company, valued at $40,057,103.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 2,807 shares of company stock worth $353,955 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $131.13 on Tuesday. The company has a 50-day simple moving average of $129.06 and a 200 day simple moving average of $128.52. The company has a market capitalization of $15.31 billion, a P/E ratio of 27.84, a PEG 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, Inc. has a fifty-two week low of $115.56 and a fifty-two week high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.93). Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The company had revenue of $542.25 million during the quarter, compared to the consensus estimate of $542.64 million. During the same quarter last year, the business earned $2.32 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 124.84%.

Mid-America Apartment Communities Profile

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.