Cwm LLC Reduces Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Cwm LLC lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,815 shares of the real estate investment trust’s stock after selling 11,699 shares during the period. Cwm LLC owned approximately 0.10% of Mid-America Apartment Communities worth $16,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Mid-America Apartment Communities by 228.2% in the first quarter. American Century Companies Inc. now owns 3,984 shares of the real estate investment trust’s stock valued at $834,000 after acquiring an additional 2,770 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Mid-America Apartment Communities by 62.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,148 shares of the real estate investment trust’s stock valued at $1,078,000 after acquiring an additional 1,974 shares during the period. Cetera Advisor Networks LLC lifted its holdings in Mid-America Apartment Communities by 22.1% in the first quarter. Cetera Advisor Networks LLC now owns 1,794 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 325 shares during the period. Acadian Asset Management LLC acquired a new position in Mid-America Apartment Communities in the first quarter valued at approximately $393,000. Finally, Sei Investments Co. lifted its holdings in Mid-America Apartment Communities by 7.5% in the first quarter. Sei Investments Co. now owns 50,699 shares of the real estate investment trust’s stock valued at $10,619,000 after acquiring an additional 3,544 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $149.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, February 22nd. Mizuho decreased their price target on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Morgan Stanley upped their target price on Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 target price on shares of Mid-America Apartment Communities in a research note on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mid-America Apartment Communities in a research note on Tuesday, January 30th. They set a “hold” rating and a $139.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.18.

Mid-America Apartment Communities Stock Up 1.2 %

NYSE MAA opened at $126.08 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09. The business has a fifty day moving average price of $128.92 and a 200 day moving average price of $128.66. The company has a market cap of $14.72 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.83 and a beta of 0.80. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last issued its 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 company had revenue of $542.25 million during the quarter, compared to analysts’ expectations of $542.64 million. Mid-America Apartment Communities had a net margin of 25.73% and a return on equity of 8.74%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.32 earnings per share. Research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.92 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 4.66%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities’s payout ratio is currently 124.84%.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company’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 sale, the chief executive officer now directly owns 317,737 shares in the company, valued at approximately $40,057,103.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 2,807 shares of company stock worth $353,955 in the last three months. 1.30% of the stock is owned by corporate insiders.

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.