Rhumbline Advisers lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,779 shares of the real estate investment trust’s stock after purchasing an additional 1,414 shares during the quarter. Rhumbline Advisers owned 0.17% of Mid-America Apartment Communities worth $44,690,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank N A MO acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at about $30,000. CVA Family Office LLC lifted its position in Mid-America Apartment Communities by 42.9% in the 4th quarter. CVA Family Office LLC now owns 200 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 60 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Mid-America Apartment Communities during the 4th quarter valued at about $56,000. West Bancorporation Inc. purchased a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at approximately $66,000. Finally, Bessemer Group Inc. boosted its holdings in Mid-America Apartment Communities by 69.4% during the 4th quarter. Bessemer Group Inc. now owns 415 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.
In related news, COO Thomas L. Grimes, Jr. sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $202.50, for a total transaction of $4,050,000.00. Following the sale, the chief operating officer now owns 44,983 shares of the company’s stock, valued at approximately $9,109,057.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.34% of the stock is currently owned by company insiders.
Mid-America Apartment Communities (NYSE:MAA – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.95 EPS for the quarter, beating the consensus estimate of $0.82 by $0.13. Mid-America Apartment Communities had a net margin of 32.66% and a return on equity of 9.77%. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities analysts predict that Mid-America Apartment Communities, Inc. will post 8.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, April 14th were issued a $1.0875 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, April 13th. Mid-America Apartment Communities’s payout ratio is 84.30%.
Several research analysts recently weighed in on MAA shares. StockNews.com initiated coverage on shares of Mid-America Apartment Communities in a report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays reduced their target price on Mid-America Apartment Communities from $238.00 to $211.00 in a report on Tuesday, May 10th. Mizuho dropped their price target on Mid-America Apartment Communities from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Wednesday, February 16th. Piper Sandler reduced their price objective on Mid-America Apartment Communities from $240.00 to $230.00 in a research note on Wednesday, May 4th. Finally, BTIG Research began coverage on Mid-America Apartment Communities in a research report on Monday, May 9th. They set a “buy” rating and a $225.00 target price for the company. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $211.09.
Mid-America Apartment Communities Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Mid-America Apartment Communities (MAA)
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