Albert M. Campbell III Sells 563 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock

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Mid-America Apartment Communities, Inc. (NYSE:MAA) CFO Albert M. Campbell III sold 563 shares of the business’s stock in a transaction that occurred on Thursday, January 6th. The shares were sold at an average price of $223.64, for a total transaction of $125,909.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

MAA stock opened at $216.42 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.07 and a quick ratio of 0.07. Mid-America Apartment Communities, Inc. has a one year low of $123.00 and a one year high of $231.63. The stock has a market cap of $24.92 billion, a PE ratio of 58.02, a P/E/G ratio of 13.91 and a beta of 0.71. The firm has a 50 day simple moving average of $212.83 and a two-hundred day simple moving average of $197.02.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Tuesday, October 26th. The real estate investment trust reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.97). Mid-America Apartment Communities had a return on equity of 7.10% and a net margin of 24.83%. The company had revenue of $452.58 million during the quarter, compared to analysts’ expectations of $445.91 million. During the same period in the prior year, the firm earned $1.57 EPS. Mid-America Apartment Communities’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts expect that Mid-America Apartment Communities, Inc. will post 6.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Friday, January 14th will be paid a $1.0875 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, January 13th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.01%. Mid-America Apartment Communities’s dividend payout ratio is 109.92%.

Several institutional investors have recently made changes to their positions in MAA. Koshinski Asset Management Inc. purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at $42,000. NEXT Financial Group Inc boosted its stake in shares of Mid-America Apartment Communities by 37.1% in the 3rd quarter. NEXT Financial Group Inc now owns 233 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 63 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Mid-America Apartment Communities by 162.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 273 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 169 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Mid-America Apartment Communities by 30.1% in the 2nd quarter. Parallel Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 69 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Mid-America Apartment Communities by 3,787.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 311 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 303 shares in the last quarter. 90.41% of the stock is owned by institutional investors.

Several research firms have recently issued reports on MAA. Royal Bank of Canada boosted their price target on shares of Mid-America Apartment Communities from $199.00 to $205.00 and gave the company a “sector perform” rating in a research report on Friday, October 29th. Truist boosted their price target on shares of Mid-America Apartment Communities from $198.00 to $222.00 and gave the company a “buy” rating in a research report on Monday, December 6th. Capital One Financial reissued an “overweight” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, November 3rd. Truist Securities upped their target price on shares of Mid-America Apartment Communities from $198.00 to $222.00 and gave the stock a “buy” rating in a report on Monday, December 6th. Finally, Raymond James upped their target price on shares of Mid-America Apartment Communities from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 2nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus price target of $198.46.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust. The firm engages in the operation, acquisition and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned.

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