Signaturefd LLC Has $340,000 Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Signaturefd LLC lowered its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,528 shares of the real estate investment trust’s stock after selling 806 shares during the quarter. Signaturefd LLC’s holdings in Mid-America Apartment Communities were worth $340,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $35,000. First Financial Corp IN boosted its stake in 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 purchasing an additional 86 shares during the period. CVA Family Office LLC bought a new position in Mid-America Apartment Communities during the 4th quarter worth about $40,000. Emfo LLC acquired a new stake in shares of Mid-America Apartment Communities in the 4th quarter valued at about $40,000. Finally, Lindbrook Capital LLC boosted its position in shares of Mid-America Apartment Communities by 36.1% during the third 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. Institutional investors own 93.60% of the company’s stock.

Insider Buying and Selling at Mid-America Apartment Communities

In other 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 owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,807 shares of company stock worth $353,955 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $127.20 on Friday. 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 stock’s 50 day moving average price is $129.10 and its two-hundred day moving average price is $128.63. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 2.88 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.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data 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 business 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.32 EPS. On average, analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $5.88 annualized dividend and a yield of 4.62%. Mid-America Apartment Communities’s dividend payout ratio is 124.84%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Piper Sandler reaffirmed 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. Deutsche Bank Aktiengesellschaft assumed coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They set a “hold” rating and a $139.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $149.00 price objective on shares of Mid-America Apartment Communities in a research report on Thursday, February 22nd. Mizuho reduced their price objective on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Scotiabank raised Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and upped their price objective for the stock from $133.00 to $147.00 in a research report on Tuesday, January 16th. Two equities 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’s stock. According to data from MarketBeat, the company currently 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.