Vident Advisory LLC Cuts Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Vident Advisory LLC decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,482 shares of the real estate investment trust's stock after selling 8,106 shares during the quarter. Vident Advisory LLC's holdings in Mid-America Apartment Communities were worth $1,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its holdings in Mid-America Apartment Communities by 94.9% during the fourth 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 during the last quarter. IFP Advisors Inc boosted 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 worth $39,000 after buying an additional 68 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $46,000. UMB Bank n.a. increased its position in shares of Mid-America Apartment Communities by 30.5% during the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 75 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in 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 worth $56,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Insider Activity

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,643 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $149.93, for a total value of $396,264.99. Following the transaction, the chief executive officer now directly owns 319,813 shares in the company, valued at $47,949,563.09. This represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amber Fairbanks sold 173 shares of the firm'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 completion of the sale, the executive vice president now directly owns 3,012 shares in the company, valued at approximately $502,552.20. The trade was a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,313 shares of company stock worth $1,171,707 in the last three months. Corporate insiders own 1.20% of the company's stock.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $154.38 on Friday. 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 stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 52-week low of $126.77 and a 52-week high of $173.38. The stock's 50-day simple moving average is $160.10 and its 200 day simple moving average is $158.26.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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 firm had revenue of $549.30 million for the quarter, compared to the consensus estimate of $551.21 million. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.22 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $1.515 dividend. This represents a $6.06 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, July 15th. Mid-America Apartment Communities's payout ratio is 126.25%.

Analyst Ratings Changes

A number of research analysts have issued reports on MAA shares. Wall Street Zen downgraded Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research note on Thursday. Evercore ISI raised their price objective on shares of 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. Royal Bank of Canada lifted their price objective on shares of Mid-America Apartment Communities from $158.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Truist Financial reduced their target price on shares of Mid-America Apartment Communities from $174.00 to $171.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Mid-America Apartment Communities from $174.00 to $164.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Mid-America Apartment Communities currently has a consensus rating of "Hold" and a consensus price target of $169.41.

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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