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

Los Angeles Capital Management LLC reduced its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 60.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,131 shares of the real estate investment trust’s stock after selling 98,880 shares during the quarter. Los Angeles Capital Management LLC owned 0.05% of Mid-America Apartment Communities worth $8,623,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Blackstone Inc. grew its holdings in Mid-America Apartment Communities by 51.8% in the third quarter. Blackstone Inc. now owns 2,043,861 shares of the real estate investment trust’s stock valued at $262,943,000 after purchasing an additional 697,200 shares during the period. FMR LLC increased its holdings in Mid-America Apartment Communities by 12.2% in the 3rd quarter. FMR LLC now owns 5,457,634 shares of the real estate investment trust’s stock worth $702,125,000 after acquiring an additional 592,306 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Mid-America Apartment Communities by 10,178.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 349,575 shares of the real estate investment trust’s stock worth $47,004,000 after acquiring an additional 346,174 shares during the period. Ceredex Value Advisors LLC acquired a new position in Mid-America Apartment Communities during the fourth quarter worth $39,561,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Mid-America Apartment Communities by 178.7% during the third quarter. Qube Research & Technologies Ltd now owns 314,252 shares of the real estate investment trust’s stock valued at $40,429,000 after purchasing an additional 201,488 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Up 1.0 %

MAA stock opened at $133.00 on Friday. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $158.46. The firm has a market cap of $15.53 billion, a PE ratio of 27.88, a PEG ratio of 3.41 and a beta of 0.80. The firm’s 50 day moving average price is $129.46 and its 200-day moving average price is $128.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.09 and a current ratio of 0.12.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($1.01). The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $2.28 EPS. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.91 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Analysts Set New Price Targets

Several research firms recently weighed in on MAA. The Goldman Sachs Group restated a “buy” rating and set a $149.00 price target on shares of Mid-America Apartment Communities in a research report on Thursday, February 22nd. Scotiabank upgraded Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and raised their target price for the company from $133.00 to $147.00 in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $136.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Piper Sandler reissued a “neutral” rating and issued a $140.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Finally, Truist Financial lowered their target price on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.06.

Insider Activity

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the transaction, the chief executive officer now directly owns 317,737 shares in the company, valued at $40,057,103.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 2,807 shares of company stock valued at $353,955. Company insiders own 1.30% of the company’s stock.

About Mid-America Apartment Communities

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.