Benjamin Edwards Inc. Has $13.38 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Benjamin Edwards Inc. lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,544 shares of the real estate investment trust's stock after buying an additional 2,205 shares during the quarter. Benjamin Edwards Inc. owned about 0.07% of Mid-America Apartment Communities worth $13,377,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Mid-America Apartment Communities by 13.7% during the 4th quarter. BNP Paribas Financial Markets now owns 191,435 shares of the real estate investment trust's stock worth $29,590,000 after buying an additional 23,122 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Mid-America Apartment Communities by 149.6% during the 4th quarter. Ameriprise Financial Inc. now owns 129,911 shares of the real estate investment trust's stock valued at $20,080,000 after acquiring an additional 77,858 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Mid-America Apartment Communities by 14.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 42,616 shares of the real estate investment trust's stock worth $6,587,000 after acquiring an additional 5,370 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Mid-America Apartment Communities in the fourth quarter worth $699,000. Finally, Lido Advisors LLC increased its stake in Mid-America Apartment Communities by 90.9% in the fourth quarter. Lido Advisors LLC now owns 3,142 shares of the real estate investment trust's stock valued at $486,000 after purchasing an additional 1,496 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on MAA shares. Scotiabank upgraded Mid-America Apartment Communities from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $173.00 to $182.00 in a research note on Friday, February 14th. Barclays reduced their price objective on Mid-America Apartment Communities from $163.00 to $160.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Evercore ISI upped their target price on Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Finally, Truist Financial upped their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a "buy" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities has a consensus rating of "Moderate Buy" and a consensus price target of $168.45.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the sale, the executive vice president now owns 3,012 shares of the company's stock, valued at approximately $502,552.20. This trade represents a 5.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Eric Bolton, Jr. sold 4,358 shares of Mid-America Apartment Communities stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the sale, the chief executive officer now owns 324,171 shares of the company's stock, valued at approximately $53,890,187.04. This trade represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock worth $1,171,707 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Mid-America Apartment Communities Trading Up 3.5 %

NYSE MAA opened at $167.77 on Monday. The business's fifty day moving average is $161.41 and its 200-day moving average is $157.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $19.61 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a one year low of $126.77 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same quarter in the previous year, the firm posted $2.22 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts predict that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a $1.515 dividend. This represents a $6.06 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Tuesday, April 15th. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.

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