2,260 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. purchased 2,260 shares of Mid-America Apartment Communities, Inc. (NYSE:MAA), valued at approximately $379,000, marking a new position for the fund during the first quarter.
• Mid-America Apartment Communities reported an EPS of $2.20 for the quarter, beating analyst estimates, alongside a revenue of $549.30 million, reflecting a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $1.515, translating to an annualized yield of 3.99%, with a dividend payout ratio currently at 126.25%.

Texas Yale Capital Corp. bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,260 shares of the real estate investment trust's stock, valued at approximately $379,000.

A number of other hedge funds have also modified their holdings of MAA. Commonwealth Equity Services LLC grew its holdings in shares of Mid-America Apartment Communities by 5.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,953 shares of the real estate investment trust's stock worth $1,384,000 after acquiring an additional 479 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Mid-America Apartment Communities by 4.6% in the fourth quarter. American Century Companies Inc. now owns 39,927 shares of the real estate investment trust's stock worth $6,172,000 after buying an additional 1,760 shares during the period. Korea Investment CORP boosted its position in shares of Mid-America Apartment Communities by 135.4% in the fourth quarter. Korea Investment CORP now owns 69,632 shares of the real estate investment trust's stock worth $10,763,000 after buying an additional 40,052 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Mid-America Apartment Communities by 11.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,437 shares of the real estate investment trust's stock worth $41,004,000 after buying an additional 27,087 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its position in shares of Mid-America Apartment Communities by 13.1% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 11,741 shares of the real estate investment trust's stock worth $1,815,000 after buying an additional 1,364 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

Shares of NYSE MAA opened at $151.75 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 3.88 and a beta of 0.75. The business's 50-day simple moving average is $151.35 and its 200-day simple moving average is $156.30. Mid-America Apartment Communities, Inc. has a 52 week low of $139.60 and a 52 week high of $173.38.

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 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. Mid-America Apartment Communities had a return on equity of 9.19% and a net margin of 25.70%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.22 EPS. As a group, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's dividend payout ratio is currently 126.25%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MAA shares. Wall Street Zen raised Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Truist Financial decreased their target price on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Scotiabank decreased their target price on Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating for the company in a research report on Friday, June 13th. UBS Group decreased their target price on Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating for the company in a research report on Tuesday, July 15th. Finally, JMP Securities raised their target price on Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $168.81.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Amber Fairbanks sold 173 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $166.85, for a total value of $28,865.05. Following the transaction, the executive vice president directly owned 3,012 shares of the company's stock, valued at $502,552.20. The trade was a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

About Mid-America Apartment Communities

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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