Mid-America Apartment Communities, Inc. (NYSE:MAA) Short Interest Update

Mid-America Apartment Communities, Inc. (NYSE:MAA - Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,390,000 shares, a decrease of 19.0% from the February 29th total of 2,950,000 shares. Based on an average daily volume of 912,000 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAA. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $136.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $149.00 target price on shares of Mid-America Apartment Communities in a research note on Thursday, February 22nd. Piper Sandler reissued a "neutral" rating and issued a $140.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday. Truist Financial raised Mid-America Apartment Communities from a "hold" rating to a "buy" rating and increased their price objective for the stock from $154.00 to $158.00 in a research note on Tuesday, January 16th. Finally, Mizuho dropped their price objective on Mid-America Apartment Communities from $132.00 to $126.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Hold" and a consensus target price of $143.76.

Mid-America Apartment Communities Stock Up 0.6 %

NYSE MAA traded up $0.78 during midday trading on Friday, hitting $131.58. 741,936 shares of the company traded hands, compared to its average volume of 688,482. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $15.36 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 4.21 and a beta of 0.80. The company's 50-day simple moving average is $129.13 and its 200-day simple moving average is $129.06. Mid-America Apartment Communities has a 52 week low of $115.56 and a 52 week high of $158.46.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.37 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.93). Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The business had revenue of $542.25 million for the quarter, compared to analysts' expectations of $542.64 million. During the same quarter in the prior year, the company posted $2.32 EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Mid-America Apartment Communities will post 8.95 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $5.88 annualized dividend and a dividend yield of 4.47%. Mid-America Apartment Communities's dividend payout ratio is presently 124.84%.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Melanie Carpenter sold 371 shares of the company's stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $131.33, for a total transaction of $48,723.43. Following the sale, the executive vice president now directly owns 19,067 shares in the company, valued at $2,504,069.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO H Eric Bolton, Jr. sold 4,028 shares of the company's stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $130.21, for a total transaction of $524,485.88. Following the transaction, the chief executive officer now owns 304,523 shares of the company's stock, valued at $39,651,939.83. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Melanie Carpenter sold 371 shares of the company's stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $131.33, for a total value of $48,723.43. Following the transaction, the executive vice president now directly owns 19,067 shares in the company, valued at approximately $2,504,069.11. The disclosure for this sale can be found here. Company insiders own 1.33% of the company's stock.

Institutional Trading of Mid-America Apartment Communities

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at $2,784,000. HighPoint Advisor Group LLC purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at $335,000. Quadrature Capital Ltd purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at $1,883,000. PNC Financial Services Group Inc. lifted its holdings in shares of Mid-America Apartment Communities by 26.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,310 shares of the real estate investment trust's stock valued at $1,521,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 93.60% of the company's stock.

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.