Cwm LLC Sells 2,216 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Cwm LLC reduced its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,464 shares of the real estate investment trust's stock after selling 2,216 shares during the quarter. Cwm LLC owned 0.09% of Mid-America Apartment Communities worth $18,344,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Alhambra Investment Management LLC grew its position in shares of Mid-America Apartment Communities by 3.1% in the first quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock valued at $363,000 after purchasing an additional 66 shares during the last quarter. Huntington National Bank boosted its stake in Mid-America Apartment Communities by 6.4% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock valued at $181,000 after purchasing an additional 70 shares during the period. Stephens Inc. AR boosted its stake in Mid-America Apartment Communities by 2.6% in the 1st quarter. Stephens Inc. AR now owns 2,762 shares of the real estate investment trust's stock valued at $463,000 after purchasing an additional 70 shares during the period. AlphaStar Capital Management LLC grew its holdings in Mid-America Apartment Communities by 2.8% in the 1st quarter. AlphaStar Capital Management LLC now owns 3,158 shares of the real estate investment trust's stock valued at $529,000 after buying an additional 87 shares in the last quarter. Finally, Sandy Spring Bank increased its position in Mid-America Apartment Communities by 25.2% during the 4th quarter. Sandy Spring Bank now owns 447 shares of the real estate investment trust's stock worth $69,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 93.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MAA shares. Raymond James Financial cut shares of Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. Robert W. Baird boosted their price objective on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Scotiabank decreased their target price on shares of Mid-America Apartment Communities from $194.00 to $180.00 and set a "sector outperform" rating on the stock in a research report on Friday, June 13th. Mizuho lowered 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 report on Friday, May 23rd. Finally, Barclays increased 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 report on Friday, May 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $168.71.

Mid-America Apartment Communities Price Performance

Shares of MAA opened at $150.73 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $17.64 billion, a PE ratio of 31.40, a PEG ratio of 3.86 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a 12-month low of $138.89 and a 12-month high of $173.38. The business has a 50-day simple moving average of $153.68 and a two-hundred day simple moving average of $156.37.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released 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 return on equity of 9.19% and a net margin of 25.70%. The company had revenue of $549.30 million during the quarter, compared to the consensus estimate of $551.21 million. During the same quarter in the prior year, the firm posted $2.22 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $1.515 per share. This represents a $6.06 annualized dividend and a yield of 4.02%. The ex-dividend date is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is presently 126.25%.

Insider Activity at Mid-America Apartment Communities

In other news, EVP Amber Fairbanks sold 173 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 3,012 shares in the company, valued at $502,552.20. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company's stock.

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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