Victory Capital Management Inc. Increases Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Victory Capital Management Inc. increased its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) by 2.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 49,217 shares of the real estate investment trust’s stock after buying an additional 1,351 shares during the quarter. Victory Capital Management Inc.’s holdings in Mid-America Apartment Communities were worth $6,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. TCM Advisors LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $27,335,000. ST Germain D J Co. Inc. purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $36,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Mid-America Apartment Communities during the third quarter valued at $35,000. Quarry LP grew its holdings in shares of Mid-America Apartment Communities by 186.5% during the first quarter. Quarry LP now owns 275 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 179 shares during the last quarter. Finally, Hibernia Wealth Partners LLC purchased a new stake in shares of Mid-America Apartment Communities during the third quarter valued at $46,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Melanie Carpenter sold 371 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $131.33, for a total transaction of $48,723.43. Following the sale, the executive vice president now owns 19,067 shares of the company’s stock, valued at approximately $2,504,069.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Melanie Carpenter sold 371 shares of Mid-America Apartment Communities stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $131.33, for a total transaction of $48,723.43. Following the sale, the executive vice president now owns 19,067 shares of the company’s stock, valued at approximately $2,504,069.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO H Eric Bolton, Jr. sold 4,028 shares of Mid-America Apartment Communities stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $130.21, for a total transaction of $524,485.88. Following the completion of the sale, the chief executive officer now owns 304,523 shares of the company’s stock, valued at approximately $39,651,939.83. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.3 %

Shares of Mid-America Apartment Communities stock opened at $125.18 on Thursday. The firm has a market capitalization of $14.61 billion, a PE ratio of 24.99, a P/E/G ratio of 4.66 and a beta of 0.81. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $176.36. The firm’s 50-day moving average price is $131.52 and its 200 day moving average price is $133.16. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were paid a $1.47 dividend. The ex-dividend date was Thursday, January 11th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.40. This represents a $5.88 dividend on an annualized basis and a yield of 4.70%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 117.37%.

Analyst Upgrades and Downgrades

Several research firms have commented on MAA. Jefferies Financial Group reaffirmed a “hold” rating and issued a $136.00 price target (down from $140.00) on shares of Mid-America Apartment Communities in a 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 target on the stock. Piper Sandler lowered shares of Mid-America Apartment Communities from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $182.00 to $130.00 in a report on Tuesday, October 31st. Truist Financial raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price target for the company from $154.00 to $158.00 in a report on Tuesday, January 16th. Finally, Morgan Stanley began coverage on shares of Mid-America Apartment Communities in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $128.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.84.

Get Our Latest Research Report on Mid-America Apartment Communities

Mid-America Apartment Communities Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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