Machina Capital S.A.S. Cuts Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Machina Capital S.A.S. decreased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,598 shares of the real estate investment trust’s stock after selling 779 shares during the quarter. Machina Capital S.A.S.’s holdings in Mid-America Apartment Communities were worth $349,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MAA. FMR LLC boosted its stake in shares of Mid-America Apartment Communities by 12.2% during the third quarter. FMR LLC now owns 5,457,634 shares of the real estate investment trust’s stock valued at $702,125,000 after acquiring an additional 592,306 shares during the last quarter. Morgan Stanley grew its stake in Mid-America Apartment Communities by 1.4% during the 3rd quarter. Morgan Stanley now owns 2,345,083 shares of the real estate investment trust’s stock valued at $301,695,000 after purchasing an additional 31,813 shares in the last quarter. Blackstone Inc. grew its position in shares of Mid-America Apartment Communities by 51.8% in the 3rd quarter. Blackstone Inc. now owns 2,043,861 shares of the real estate investment trust’s stock worth $262,943,000 after acquiring an additional 697,200 shares in the last quarter. Northern Trust Corp grew its position in shares of Mid-America Apartment Communities by 5.7% in the 3rd quarter. Northern Trust Corp now owns 1,725,788 shares of the real estate investment trust’s stock worth $222,023,000 after acquiring an additional 93,020 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Mid-America Apartment Communities by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,252,014 shares of the real estate investment trust’s stock valued at $161,072,000 after purchasing an additional 16,889 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 0.5 %

Mid-America Apartment Communities stock traded down $0.63 during trading hours on Tuesday, hitting $136.19. The stock had a trading volume of 648,108 shares, compared to its average volume of 889,079. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $15.91 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 3.41 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $158.46. The stock’s 50-day moving average price is $129.72 and its 200-day moving average price is $128.53.

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

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a $1.47 dividend. The ex-dividend date was Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.32%. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $149.00 target price on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, March 26th. Truist Financial cut their price objective on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and increased their price objective for the company from $133.00 to $147.00 in a research note on Tuesday, January 16th. Finally, Morgan Stanley raised their price objective on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $144.18.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 2,807 shares of company stock worth $353,955 over the last three months. 1.30% of the stock is currently owned by company insiders.

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.