Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Position Decreased by Lindbrook Capital LLC

Lindbrook Capital LLC lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 279 shares of the real estate investment trust’s stock after selling 121 shares during the period. Lindbrook Capital LLC’s holdings in Mid-America Apartment Communities were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at $35,000. CVA Family Office LLC acquired a new stake in shares of Mid-America Apartment Communities in the fourth quarter worth about $40,000. First Financial Corp IN boosted its stake in shares of Mid-America Apartment Communities by 40.8% during the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 86 shares in the last quarter. Emfo LLC acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at about $40,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Mid-America Apartment Communities by 22.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 463 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Up 1.6 %

Shares of NYSE MAA opened at $129.24 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. The company has a market cap of $15.09 billion, a PE ratio of 27.44, a P/E/G ratio of 2.88 and a beta of 0.80. The company has a 50-day moving average of $129.06 and a two-hundred day moving average of $128.62. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last issued 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 analyst estimates of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.32 EPS. As a group, equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 4.55%. Mid-America Apartment Communities’s payout ratio is presently 124.84%.

Analyst Ratings Changes

A number of research firms have recently commented on MAA. Scotiabank raised shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the company from $133.00 to $147.00 in a research report on Tuesday, January 16th. Truist Financial cut their price objective 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, April 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $149.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Piper Sandler reissued a “neutral” rating and issued a $140.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $136.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.18.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of Mid-America Apartment Communities stock in a transaction on Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the completion of the sale, the chief executive officer now directly owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 2,807 shares of company stock worth $353,955. Insiders own 1.30% of the company’s stock.

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.