1,528 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by Fiducient Advisors LLC

Fiducient Advisors LLC acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,528 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other hedge funds have also recently bought and sold shares of the company. Raleigh Capital Management Inc. increased its position in shares of Mid-America Apartment Communities by 22.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 463 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 84 shares in the last quarter. First Financial Corp IN boosted its stake in 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 during the last quarter. Blue Trust Inc. boosted its stake in Mid-America Apartment Communities by 22.8% during the 4th quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 95 shares during the last quarter. Oakworth Capital Inc. lifted its stake in Mid-America Apartment Communities by 0.6% in the fourth quarter. Oakworth Capital Inc. now owns 15,212 shares of the real estate investment trust’s stock valued at $2,045,000 after buying an additional 98 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in Mid-America Apartment Communities by 3.4% in the fourth quarter. Diversified Trust Co now owns 3,079 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 102 shares in the last quarter. 93.60% of the stock is owned by institutional investors.

Insider Activity at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 317,737 shares of the company’s stock, valued at approximately $40,057,103.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 2,807 shares of company stock worth $353,955 in the last quarter. 1.30% of the stock is owned by company insiders.

Mid-America Apartment Communities Stock Performance

MAA stock traded down $1.13 during trading on Tuesday, reaching $130.00. The stock had a trading volume of 1,015,161 shares, compared to its average volume of 879,984. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $158.46. The stock’s 50 day moving average is $129.10 and its two-hundred day moving average is $128.52. 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 firm has a market cap of $15.17 billion, a PE ratio of 27.60, a PEG ratio of 2.90 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.93). Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The company had revenue of $542.25 million during the quarter, compared to analysts’ expectations of $542.64 million. During the same quarter in the previous year, the company earned $2.32 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities 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. Investors of record on Monday, April 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s payout ratio is currently 124.84%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $136.00 price objective (down previously from $140.00) on shares of Mid-America Apartment Communities in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Mid-America Apartment Communities in a report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 price objective on the stock. Mizuho decreased their price objective on shares of Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Truist Financial reduced their target price on shares of 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. Finally, Piper Sandler reissued a “neutral” rating and issued a $140.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.06.

Mid-America Apartment Communities Company 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.