294,225 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC purchased a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 294,225 shares of the real estate investment trust's stock, valued at approximately $39,561,000. Ceredex Value Advisors LLC owned approximately 0.25% of Mid-America Apartment Communities as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. ST Germain D J Co. Inc. purchased a new stake in Mid-America Apartment Communities in the 2nd quarter worth $36,000. Cullen Frost Bankers Inc. bought a new stake in shares of Mid-America Apartment Communities in the third quarter worth about $35,000. Quarry LP increased its holdings in shares of Mid-America Apartment Communities by 186.5% in the first quarter. Quarry LP now owns 275 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 179 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Mid-America Apartment Communities in the fourth quarter worth about $40,000. Finally, First Financial Corp IN increased its holdings in shares of Mid-America Apartment Communities by 40.8% in the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Trading Up 0.2 %

Shares of NYSE:MAA traded up $0.27 during trading hours on Friday, hitting $127.10. 668,076 shares of the company's stock traded hands, compared to its average volume of 619,952. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $158.46. The business has a fifty day moving average price of $128.53 and a 200-day moving average price of $128.68. The firm has a market capitalization of $14.84 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 4.07 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced 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 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 last year, the firm earned $2.32 EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.94 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio is presently 124.84%.

Insider Activity

In other news, EVP Melanie Carpenter sold 371 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $131.33, for a total transaction of $48,723.43. Following the completion of the sale, the executive vice president now owns 19,067 shares of the company's stock, valued at $2,504,069.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Melanie Carpenter sold 371 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $131.33, for a total transaction of $48,723.43. Following the completion of the sale, the executive vice president now owns 19,067 shares of the company's stock, valued at $2,504,069.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $126.07, for a total transaction of $333,076.94. Following the sale, the chief executive officer now directly owns 317,737 shares of the company's stock, valued at approximately $40,057,103.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,206 shares of company stock valued at $927,164. Corporate insiders own 1.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAA. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $136.00 target price on shares of Mid-America Apartment Communities in a report on Friday, February 9th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $149.00 target price on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Morgan Stanley lifted their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Piper Sandler reiterated a "neutral" rating and issued a $140.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, March 26th. Finally, Scotiabank upgraded Mid-America Apartment Communities from a "sector underperform" rating to a "sector perform" rating and lifted their price target for the stock from $133.00 to $147.00 in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of "Hold" and an average target price of $143.76.

About Mid-America Apartment Communities

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.