Miller Howard Investments Inc. NY Has $24.16 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Miller Howard Investments Inc. NY boosted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 34.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,713 shares of the real estate investment trust's stock after purchasing an additional 45,692 shares during the period. Miller Howard Investments Inc. NY owned about 0.15% of Mid-America Apartment Communities worth $24,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in Mid-America Apartment Communities during the third quarter valued at approximately $35,000. ST Germain D J Co. Inc. purchased a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at $36,000. First Financial Corp IN increased its stake in 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 valued at $40,000 after acquiring an additional 86 shares during the last quarter. CVA Family Office LLC purchased a new stake in Mid-America Apartment Communities during the fourth quarter valued at about $40,000. Finally, Quarry LP lifted its stake in Mid-America Apartment Communities by 186.5% during 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. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Up 2.0 %

MAA stock traded up $2.66 on Tuesday, hitting $135.38. 1,095,889 shares of the company's stock were exchanged, compared to its average volume of 907,196. The firm has a 50 day moving average price of $128.56 and a two-hundred day moving average price of $128.68. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $158.46. The stock has a market cap of $15.80 billion, a P/E ratio of 28.76, 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 quick ratio of 0.09 and a current ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.93). The business had revenue of $542.25 million for the quarter, compared to analysts' expectations of $542.64 million. Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. Mid-America Apartment Communities's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 EPS. As a group, equities research analysts expect that Mid-America Apartment Communities, Inc. will post 8.94 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 Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $5.88 dividend on an annualized basis and a yield of 4.34%. Mid-America Apartment Communities's dividend payout ratio is currently 124.84%.

Insider Activity

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the completion of the sale, the chief executive officer now owns 317,737 shares of the company's stock, valued at $40,057,103.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO H Eric Bolton, Jr. sold 4,028 shares of the business's stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $130.21, for a total value of $524,485.88. Following the completion of the transaction, the chief executive officer now owns 304,523 shares of the company's stock, valued at approximately $39,651,939.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Eric Bolton, Jr. sold 2,642 shares of the company's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $126.07, for a total value of $333,076.94. Following the completion of the sale, the chief executive officer now owns 317,737 shares in the company, valued at approximately $40,057,103.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,835 shares of company stock valued at $878,441. Company insiders own 1.33% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Mid-America Apartment Communities in a research note on Tuesday, January 30th. They issued a "hold" rating and a $139.00 target price for the company. Morgan Stanley lifted their target price on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. Piper Sandler reaffirmed a "neutral" rating and set a $140.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $136.00 target price (down from $140.00) on shares of Mid-America Apartment Communities in a research note on Tuesday, January 2nd. Finally, Truist Financial reduced their target price on Mid-America Apartment Communities from $152.00 to $148.00 and set a "buy" rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $143.18.

Mid-America Apartment Communities 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.