DekaBank Deutsche Girozentrale Cuts Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

DekaBank Deutsche Girozentrale lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 18.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,412 shares of the real estate investment trust's stock after selling 19,090 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Mid-America Apartment Communities worth $11,334,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $35,000. ST Germain D J Co. Inc. bought a new stake in shares of Mid-America Apartment Communities in the second quarter valued at approximately $36,000. First Financial Corp IN boosted its position 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 valued at $40,000 after acquiring an additional 86 shares during the period. CVA Family Office LLC bought a new position in Mid-America Apartment Communities in the fourth quarter worth $40,000. Finally, Quarry LP lifted its position in 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 period. Institutional investors own 93.60% of the company's stock.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the firm's 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 transaction, the chief executive officer now owns 317,737 shares in the company, valued at $40,057,103.59. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO H Eric Bolton, Jr. sold 4,028 shares of Mid-America Apartment Communities stock in a transaction dated 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 in the company, valued at approximately $39,651,939.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the transaction, 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 quarter, insiders have sold 6,835 shares of company stock worth $878,441. Insiders own 1.33% of the company's stock.

Mid-America Apartment Communities Trading Down 1.8 %

Mid-America Apartment Communities stock traded down $2.37 during mid-day trading on Wednesday, hitting $133.01. The stock had a trading volume of 801,353 shares, compared to its average volume of 905,665. The stock has a 50-day simple moving average of $128.81 and a two-hundred day simple moving average of $128.75. The stock has a market capitalization of $15.52 billion, a PE ratio of 28.24, a P/E/G ratio of 2.98 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $158.46. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly 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). The firm had revenue of $542.25 million during the quarter, compared to the consensus estimate of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. Mid-America Apartment Communities's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.32 EPS. As a group, sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 8.92 EPS for the current year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio (DPR) is currently 124.84%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MAA shares. Piper Sandler reaffirmed a "neutral" rating and issued a $140.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, March 26th. Scotiabank raised Mid-America Apartment Communities from a "sector underperform" rating to a "sector perform" rating and raised their target price for the stock from $133.00 to $147.00 in a research report on Tuesday, January 16th. 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 report on Tuesday, January 2nd. Truist Financial reduced their target price on Mid-America Apartment Communities from $152.00 to $148.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Morgan Stanley increased their price objective on 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of "Hold" and an average price target of $143.18.

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.