Mid-America Apartment Communities, Inc. (NYSE:MAA) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,676 shares of the real estate investment trust's stock after purchasing an additional 2,559 shares during the quarter. IFM Investors Pty Ltd's holdings in Mid-America Apartment Communities were worth $8,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Starwood Capital Group Management L.L.C. raised its position in shares of Mid-America Apartment Communities by 17.7% during the 4th quarter. Starwood Capital Group Management L.L.C. now owns 219,407 shares of the real estate investment trust's stock worth $33,914,000 after purchasing an additional 33,000 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Mid-America Apartment Communities by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 362,264 shares of the real estate investment trust's stock worth $60,708,000 after purchasing an additional 5,650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mid-America Apartment Communities by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,482 shares of the real estate investment trust's stock worth $22,796,000 after purchasing an additional 27,392 shares during the period. Consolidated Planning Corp acquired a new stake in Mid-America Apartment Communities in the 1st quarter valued at approximately $851,000. Finally, Summit Trail Advisors LLC increased its position in Mid-America Apartment Communities by 106.9% in the 1st quarter. Summit Trail Advisors LLC now owns 4,401 shares of the real estate investment trust's stock valued at $738,000 after acquiring an additional 2,274 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO H Eric Bolton, Jr. sold 2,643 shares of the business's stock in a transaction dated 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 directly owned 319,813 shares in the company, valued at $47,949,563.09. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Amber Fairbanks sold 173 shares of the business'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 transaction, the executive vice president owned 3,012 shares in the company, valued at $502,552.20. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,861 shares of company stock valued at $431,607 in the last three months. 1.20% of the stock is owned by insiders.

Mid-America Apartment Communities Price Performance

NYSE MAA opened at $150.47 on Friday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $137.51 and a fifty-two week high of $173.38. The stock's 50-day moving average is $154.78 and its two-hundred day moving average is $156.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $17.61 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 3.85 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share 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 for the quarter, compared to analyst estimates of $551.21 million. During the same period last year, the company earned $2.22 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. On average, 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 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 dividend of $1.515 per share. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.03%. Mid-America Apartment Communities's dividend payout ratio is presently 126.25%.

Analyst Upgrades and Downgrades

MAA has been the topic of several analyst reports. Mizuho lowered their target price on Mid-America Apartment Communities from $166.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Raymond James Financial cut Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. 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. Barclays raised their target price 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. Finally, Jefferies Financial Group raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and raised their target price for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.

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