Russell Investments Group Ltd. Has $35.95 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Russell Investments Group Ltd. trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 52.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,843 shares of the real estate investment trust's stock after selling 297,241 shares during the period. Russell Investments Group Ltd. owned approximately 0.23% of Mid-America Apartment Communities worth $35,949,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in Mid-America Apartment Communities during the third quarter worth $35,000. CVA Family Office LLC purchased a new position in Mid-America Apartment Communities during the 4th quarter valued at about $40,000. First Financial Corp IN lifted 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 valued at $40,000 after purchasing an additional 86 shares in the last quarter. Emfo LLC purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at about $40,000. Finally, Lindbrook Capital LLC grew its position in shares of Mid-America Apartment Communities by 36.1% in the third quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 106 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Scotiabank raised Mid-America Apartment Communities from a "sector underperform" rating to a "sector perform" rating and upped their target price for the company from $133.00 to $147.00 in a research note on Tuesday, January 16th. Truist Financial reduced their price objective on Mid-America Apartment Communities from $152.00 to $148.00 and set a "buy" rating on the stock in a research report on Tuesday, April 9th. Piper Sandler reiterated a "neutral" rating and set a $140.00 price objective on shares of Mid-America Apartment Communities in a research report on Tuesday, March 26th. Mizuho reduced their target price on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. Finally, Morgan Stanley lifted their price target on shares of 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. 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. According to data from MarketBeat.com, Mid-America Apartment Communities has an average rating of "Hold" and a consensus price target of $143.06.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $126.07, for a total value of $333,076.94. Following the transaction, the chief executive officer now directly owns 317,737 shares of the company's stock, valued at approximately $40,057,103.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,807 shares of company stock worth $353,955 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Mid-America Apartment Communities Stock Up 0.5 %

Shares of MAA traded up $0.62 during mid-day trading on Wednesday, reaching $130.62. 935,784 shares of the stock traded hands, compared to its average volume of 880,779. The stock has a fifty day simple moving average of $129.17 and a 200 day simple moving average of $128.51. 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 quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.72. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 2.94 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released 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 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%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $2.32 EPS. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.92 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Friday, April 12th. Mid-America Apartment Communities's dividend payout ratio is currently 124.84%.

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.