Mid-America Apartment Communities Inc (MAA) EVP Sells $23,013.60 in Stock

Mid-America Apartment Communities Inc (NYSE:MAA) EVP Robert J. Delpriore sold 215 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $107.04, for a total transaction of $23,013.60. Following the completion of the sale, the executive vice president now owns 30,903 shares of the company’s stock, valued at $3,307,857.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

MAA traded up $0.60 during trading on Tuesday, reaching $107.39. 546,626 shares of the company’s stock were exchanged, compared to its average volume of 617,596. Mid-America Apartment Communities Inc has a 1 year low of $86.61 and a 1 year high of $107.68. The company has a current ratio of 0.12, a quick ratio of 0.17 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $12.16 billion, a PE ratio of 17.78, a P/E/G ratio of 3.22 and a beta of 0.50.

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Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The company had revenue of $398.15 million during the quarter, compared to analyst estimates of $399.19 million. During the same period last year, the firm posted $1.50 EPS. Mid-America Apartment Communities’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts predict that Mid-America Apartment Communities Inc will post 6.19 EPS for the current fiscal year.

A number of research firms recently commented on MAA. Zacks Investment Research cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Barclays reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, November 28th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. KeyCorp set a $108.00 target price on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a research note on Thursday, December 20th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $102.00 target price on shares of Mid-America Apartment Communities in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average target price of $104.56.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Mid-America Apartment Communities by 2.1% during the 4th quarter. BlackRock Inc. now owns 11,359,757 shares of the real estate investment trust’s stock valued at $1,087,130,000 after purchasing an additional 238,613 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Mid-America Apartment Communities by 17.8% during the 3rd quarter. Deutsche Bank AG now owns 2,376,730 shares of the real estate investment trust’s stock valued at $238,097,000 after purchasing an additional 358,406 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Mid-America Apartment Communities by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,833,523 shares of the real estate investment trust’s stock valued at $175,217,000 after purchasing an additional 142,096 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Mid-America Apartment Communities by 2.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,644,830 shares of the real estate investment trust’s stock valued at $157,411,000 after purchasing an additional 31,770 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Mid-America Apartment Communities by 8.8% during the 3rd quarter. Morgan Stanley now owns 1,591,653 shares of the real estate investment trust’s stock valued at $159,452,000 after purchasing an additional 129,006 shares in the last quarter. 92.84% of the stock is owned by institutional investors.

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Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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