Raymond James & Associates Sells 5,145 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Raymond James & Associates decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,707 shares of the real estate investment trust’s stock after selling 5,145 shares during the quarter. Raymond James & Associates’ holdings in Mid-America Apartment Communities were worth $6,705,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in Mid-America Apartment Communities by 228.2% during the first quarter. American Century Companies Inc. now owns 3,984 shares of the real estate investment trust’s stock worth $834,000 after purchasing an additional 2,770 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Mid-America Apartment Communities by 62.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,148 shares of the real estate investment trust’s stock worth $1,078,000 after purchasing an additional 1,974 shares during the period. Cetera Advisor Networks LLC boosted its position in Mid-America Apartment Communities by 22.1% during the first quarter. Cetera Advisor Networks LLC now owns 1,794 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 325 shares during the period. Acadian Asset Management LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth approximately $393,000. Finally, Sei Investments Co. boosted its position in Mid-America Apartment Communities by 7.5% during the first quarter. Sei Investments Co. now owns 50,699 shares of the real estate investment trust’s stock worth $10,619,000 after purchasing an additional 3,544 shares during the period. Institutional investors own 91.20% of the company’s stock.

Insiders Place Their Bets

In other Mid-America Apartment Communities news, EVP Melanie Carpenter sold 480 shares of the stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $150.21, for a total transaction of $72,100.80. Following the completion of the transaction, the executive vice president now directly owns 16,669 shares in the company, valued at $2,503,850.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAA. Scotiabank cut Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and set a $150.00 target price for the company. in a research report on Wednesday, April 12th. Wells Fargo & Company initiated coverage on Mid-America Apartment Communities in a research report on Wednesday, March 29th. They issued an “equal weight” rating and a $156.50 price objective for the company. Truist Financial reduced their price objective on Mid-America Apartment Communities from $178.00 to $159.00 and set a “hold” rating for the company in a research report on Monday, March 27th. Barclays increased their price objective on Mid-America Apartment Communities from $185.00 to $192.00 and gave the company an “overweight” rating in a research report on Wednesday, March 1st. Finally, Mizuho reduced their price objective on Mid-America Apartment Communities from $176.00 to $159.00 in a research report on Friday. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $169.30.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $148.18 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a fifty day moving average price of $149.06 and a two-hundred day moving average price of $156.55. Mid-America Apartment Communities, Inc. has a 52-week low of $138.68 and a 52-week high of $190.17. The firm has a market capitalization of $17.29 billion, a P/E ratio of 26.00, a P/E/G ratio of 8.11 and a beta of 0.77.

Mid-America Apartment Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $5.60 annualized dividend and a yield of 3.78%. Mid-America Apartment Communities’s dividend payout ratio is currently 98.25%.

Mid-America Apartment Communities Profile

(Get Rating)

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned.