Boothbay Fund Management LLC Acquires New Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Boothbay Fund Management LLC acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 3,990 shares of the real estate investment trust's stock, valued at approximately $617,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its stake in Mid-America Apartment Communities by 9.5% in the 4th quarter. Metis Global Partners LLC now owns 17,273 shares of the real estate investment trust's stock worth $2,670,000 after acquiring an additional 1,499 shares during the last quarter. Paradigm Asset Management Co. LLC increased its stake in Mid-America Apartment Communities by 1,582.9% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 6,698 shares of the real estate investment trust's stock worth $1,035,000 after buying an additional 6,300 shares during the period. Capital Investment Advisors LLC grew its position in shares of Mid-America Apartment Communities by 27.1% in the 4th quarter. Capital Investment Advisors LLC now owns 58,484 shares of the real estate investment trust's stock worth $9,040,000 after buying an additional 12,454 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mid-America Apartment Communities by 31.6% during the 4th quarter. Principal Financial Group Inc. now owns 189,428 shares of the real estate investment trust's stock valued at $29,280,000 after purchasing an additional 45,519 shares during the last quarter. Finally, Vert Asset Management LLC grew its stake in Mid-America Apartment Communities by 9.6% during the 4th quarter. Vert Asset Management LLC now owns 51,374 shares of the real estate investment trust's stock worth $7,941,000 after buying an additional 4,499 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,643 shares of Mid-America Apartment Communities stock in a transaction on Monday, April 7th. The stock was sold at an average price of $149.93, for a total transaction of $396,264.99. Following the transaction, the chief executive officer now owns 319,813 shares in the company, valued at approximately $47,949,563.09. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $166.85, for a total value of $28,865.05. Following the completion of the transaction, the executive vice president now owns 3,012 shares in the company, valued at $502,552.20. This represents a 5.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,313 shares of company stock valued at $1,171,707. Company insiders own 1.20% of the company's stock.

Mid-America Apartment Communities Trading Down 0.2 %

Shares of MAA traded down $0.37 during trading hours on Tuesday, hitting $164.97. The stock had a trading volume of 68,241 shares, compared to its average volume of 730,840. The company's fifty day simple moving average is $161.44 and its 200 day simple moving average is $157.60. The firm has a market cap of $19.29 billion, a P/E ratio of 36.84, a P/E/G ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 12-month low of $126.77 and a 12-month high of $173.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. During the same quarter last year, the company earned $2.22 earnings per share. Mid-America Apartment Communities's revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a dividend of $1.515 per share. The ex-dividend date was Tuesday, April 15th. This represents a $6.06 dividend on an annualized basis and a yield of 3.67%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MAA shares. Wells Fargo & Company lowered their price target on Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and boosted their price target for the company from $148.00 to $190.00 in a report on Monday, March 10th. Evercore ISI increased their price target on shares of Mid-America Apartment Communities from $155.00 to $159.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Truist Financial lifted their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the company a "buy" rating in a report on Monday, March 10th. Finally, JMP Securities reissued a "market outperform" rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $168.45.

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.