Swiss National Bank Sells 10,400 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Swiss National Bank lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 364,876 shares of the real estate investment trust's stock after selling 10,400 shares during the quarter. Swiss National Bank owned approximately 0.31% of Mid-America Apartment Communities worth $49,061,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MAA. Cullen Frost Bankers Inc. purchased a new position in shares of Mid-America Apartment Communities in the 3rd quarter worth $35,000. First Financial Corp IN raised its position in shares of Mid-America Apartment Communities by 40.8% in the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust's stock worth $40,000 after buying an additional 86 shares during the period. CVA Family Office LLC purchased a new position in shares of Mid-America Apartment Communities in the 4th quarter worth $40,000. Emfo LLC purchased a new position in shares of Mid-America Apartment Communities in the 4th quarter worth $40,000. Finally, Lindbrook Capital LLC raised its position in shares of Mid-America Apartment Communities by 36.1% in the 3rd quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust's stock worth $51,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 93.60% of the company's stock.

Mid-America Apartment Communities Stock Down 0.5 %

Shares of MAA stock traded down $0.63 during trading hours on Tuesday, hitting $136.19. 645,196 shares of the company were exchanged, compared to its average volume of 889,113. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $158.46. The business's 50-day simple moving average is $129.95 and its two-hundred day simple moving average is $128.58. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 3.41 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing the consensus estimate of $2.23 by ($1.01). Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The company had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.44 million. During the same period in the previous year, the business posted $2.28 EPS. The business's revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.91 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $5.88 annualized dividend and a dividend yield of 4.32%. Mid-America Apartment Communities's payout ratio is 123.27%.

Insider Transactions at Mid-America Apartment Communities

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 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 of the company's stock, valued at $40,057,103.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 2,807 shares of company stock valued at $353,955. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MAA. Truist Financial cut 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 report on Tuesday, April 9th. Piper Sandler reiterated a "neutral" rating and issued a $140.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Mizuho lowered their price target on Mid-America Apartment Communities from $132.00 to $126.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $136.00 price target on shares of Mid-America Apartment Communities in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mid-America Apartment Communities in a report on Tuesday, January 30th. They issued a "hold" rating and a $139.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities presently has a consensus rating of "Hold" and a consensus price target of $144.18.

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.