Mid-America Apartment Communities, Inc. (NYSE:MAA) EVP Timothy Argo Sells 97 Shares

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) EVP Timothy Argo sold 97 shares of the business's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $126.86, for a total value of $12,305.42. Following the sale, the executive vice president now owns 15,659 shares in the company, valued at approximately $1,986,500.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mid-America Apartment Communities Trading Up 0.8 %

Shares of Mid-America Apartment Communities stock traded up $1.00 on Wednesday, reaching $128.45. 757,023 shares of the company's stock were exchanged, compared to its average volume of 908,724. The company has a market capitalization of $14.99 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 4.12 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09. The firm's 50-day moving average is $128.71 and its two-hundred day moving average is $128.86.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.93). Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The company had revenue of $542.25 million for the quarter, compared to the consensus estimate of $542.64 million. During the same period in the prior year, the company earned $2.32 earnings per share. The firm's revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.95 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities's payout ratio is 124.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MAA shares. Piper Sandler reissued a "neutral" rating and set a $140.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Morgan Stanley boosted their price objective on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an "equal weight" rating in a research note on Monday, February 26th. Jefferies Financial Group reaffirmed a "hold" rating and set a $136.00 target price (down from $140.00) on shares of Mid-America Apartment Communities in a research report on Tuesday, January 2nd. Truist Financial upgraded Mid-America Apartment Communities from a "hold" rating to a "buy" rating and upped their price target for the company from $154.00 to $158.00 in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $136.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $143.76.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $35,000. ST Germain D J Co. Inc. acquired a new position in Mid-America Apartment Communities during the second quarter worth $36,000. First Financial Corp IN raised its holdings in Mid-America Apartment Communities by 40.8% during the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust's stock worth $40,000 after buying an additional 86 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at $40,000. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.