Victory Capital Management Inc. Has $9.67 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Victory Capital Management Inc. lessened its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,711 shares of the real estate investment trust's stock after selling 4,723 shares during the period. Victory Capital Management Inc.'s holdings in Mid-America Apartment Communities were worth $9,671,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Alhambra Investment Management LLC raised its stake in Mid-America Apartment Communities by 3.1% during the 1st quarter. Alhambra Investment Management LLC now owns 2,166 shares of the real estate investment trust's stock worth $363,000 after buying an additional 66 shares during the period. Huntington National Bank lifted its holdings in shares of Mid-America Apartment Communities by 6.4% during 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 in the last quarter. Stephens Inc. AR grew its position in shares of 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. Signaturefd LLC increased its stake in Mid-America Apartment Communities by 2.9% during the 1st quarter. Signaturefd LLC now owns 2,851 shares of the real estate investment trust's stock worth $478,000 after purchasing an additional 81 shares in the last quarter. Finally, AlphaStar Capital Management LLC increased its stake in Mid-America Apartment Communities by 2.8% during the 1st quarter. AlphaStar Capital Management LLC now owns 3,158 shares of the real estate investment trust's stock worth $529,000 after purchasing an additional 87 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mid-America Apartment Communities

In related news, 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 transaction of $28,865.05. Following the completion of the sale, the executive vice president directly owned 3,012 shares in the company, valued at $502,552.20. This represents a 5.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA traded up $0.07 during midday trading on Friday, reaching $151.75. 560,418 shares of the stock were exchanged, compared to its average volume of 860,699. The stock's 50 day simple moving average is $151.35 and its 200 day simple moving average is $156.20. The company has a market cap of $17.76 billion, a P/E ratio of 31.61, a PEG ratio of 3.88 and a beta of 0.75. Mid-America Apartment Communities, Inc. has a twelve month low of $139.60 and a twelve month high of $173.38. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. The business had revenue of $549.30 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.22 earnings per share. On average, sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

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

Analyst Upgrades and Downgrades

MAA has been the topic of several research reports. Scotiabank cut their price objective 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. Raymond James Financial lowered Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. The Goldman Sachs Group downgraded Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 price target for the company. in a research report on Friday, July 11th. Robert W. Baird lifted 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. Finally, Truist Financial cut their price objective on shares of 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.81.

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.