Consolidated Planning Corp Buys Shares of 5,078 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Consolidated Planning Corp acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,078 shares of the real estate investment trust's stock, valued at approximately $851,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CoreCap Advisors LLC boosted its holdings in Mid-America Apartment Communities by 94.9% in the 4th quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 112 shares during the period. IFP Advisors Inc raised its position in shares of Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 68 shares during the last quarter. GoalVest Advisory LLC lifted its stake in shares of Mid-America Apartment Communities by 200.0% in the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 160 shares during the period. Headlands Technologies LLC acquired a new stake in Mid-America Apartment Communities during the fourth quarter worth about $46,000. Finally, NBC Securities Inc. acquired a new stake in Mid-America Apartment Communities during the first quarter worth about $46,000. Institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA traded up $1.51 during mid-day trading on Thursday, hitting $147.42. 1,236,026 shares of the stock were exchanged, compared to its average volume of 786,088. Mid-America Apartment Communities, Inc. has a twelve month low of $137.51 and a twelve month high of $173.38. The stock's fifty day simple moving average is $155.86 and its two-hundred day simple moving average is $156.77. 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 company has a market cap of $17.26 billion, a P/E ratio of 30.71, a PEG ratio of 3.73 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. Mid-America Apartment Communities had a return on equity of 9.19% and a net margin of 25.70%. The business had revenue of $549.30 million for the quarter, compared to analyst estimates of $551.21 million. During the same period in the prior year, the company earned $2.22 EPS. Mid-America Apartment Communities's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.84 EPS 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. Investors of record on Tuesday, July 15th will be issued a $1.515 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 4.11%. Mid-America Apartment Communities's dividend payout ratio is 126.25%.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the completion of the transaction, the chief executive officer now owns 324,171 shares in the company, valued at $53,890,187.04. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Amber Fairbanks sold 173 shares of the company's stock in a transaction 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 now directly owns 3,012 shares in the company, valued at approximately $502,552.20. This represents a 5.43% 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 in the last 90 days. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

MAA has been the subject of several recent research reports. Raymond James Financial cut Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday. Barclays upped their target price on Mid-America Apartment Communities from $160.00 to $172.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen upgraded shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and increased their price objective for the company from $148.00 to $190.00 in a research note on Monday, March 10th. Finally, Scotiabank reduced their price objective on shares of Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating for the company in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of "Hold" and an average target price of $169.76.

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.