Comprehensive Money Management Services LLC Makes New $480,000 Investment in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Comprehensive Money Management Services LLC purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,108 shares of the real estate investment trust's stock, valued at approximately $480,000.

Several other institutional investors and hedge funds also recently modified their holdings of MAA. CoreCap Advisors LLC grew its position in shares of Mid-America Apartment Communities by 94.9% during the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Mid-America Apartment Communities by 37.2% in the 4th quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 68 shares during the period. Headlands Technologies LLC acquired a new position in Mid-America Apartment Communities during the 4th quarter worth approximately $46,000. Catalyst Capital Advisors LLC boosted its position in shares of Mid-America Apartment Communities by 57.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 133 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings in shares of Mid-America Apartment Communities by 25.2% in the fourth quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 90 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO H Eric Bolton, Jr. sold 4,358 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $166.24, for a total transaction of $724,473.92. Following the completion of the sale, the chief executive officer now directly owns 324,171 shares in the company, valued at $53,890,187.04. This represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Amber Fairbanks sold 173 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 3,012 shares of the company's stock, valued at approximately $502,552.20. This trade represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,313 shares of company stock worth $1,171,707 in the last three months. Corporate insiders own 1.30% of the company's stock.

Mid-America Apartment Communities Stock Performance

MAA traded up $0.78 during trading on Thursday, hitting $155.60. The stock had a trading volume of 701,628 shares, compared to its average volume of 749,352. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $18.21 billion, a P/E ratio of 34.73, a PEG ratio of 3.72 and a beta of 0.80. The company's 50-day moving average price is $159.44 and its 200 day moving average price is $158.21. Mid-America Apartment Communities, Inc. has a twelve month low of $129.25 and a twelve month high of $173.38.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $551.21 million. During the same period in the prior year, the company posted $2.22 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a $1.515 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 annualized dividend and a dividend yield of 3.89%. Mid-America Apartment Communities's dividend payout ratio is presently 126.25%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MAA shares. Scotiabank boosted their price objective on shares of Mid-America Apartment Communities from $182.00 to $194.00 and gave the company a "sector outperform" rating in a research note on Monday, May 12th. Barclays boosted their price target on Mid-America Apartment Communities from $160.00 to $172.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Evercore ISI lifted their price objective on 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 lowered their price objective on Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, Mizuho reduced their target price on shares of Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $169.50.

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.