Tower Research Capital LLC TRC Raises Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Tower Research Capital LLC TRC boosted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAAFree Report) by 159.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,261 shares of the real estate investment trust’s stock after buying an additional 16,144 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Mid-America Apartment Communities were worth $3,531,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MAA. Raleigh Capital Management Inc. grew its holdings in Mid-America Apartment Communities by 22.2% in the third 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 during the last quarter. First Financial Corp IN grew its holdings in Mid-America Apartment Communities by 40.8% in the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 86 shares during the last quarter. Blue Trust Inc. grew its holdings in Mid-America Apartment Communities by 22.8% in the fourth quarter. Blue Trust Inc. now owns 511 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 95 shares during the last quarter. Oakworth Capital Inc. grew its holdings 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 worth $2,045,000 after purchasing an additional 98 shares during the last quarter. Finally, Diversified Trust Co grew its holdings 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 worth $414,000 after purchasing an additional 102 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAA has been the topic of several analyst reports. UBS Group lifted their price target on shares of Mid-America Apartment Communities from $126.00 to $131.00 and gave the stock a “sell” rating in a report on Tuesday, May 14th. Piper Sandler reissued a “neutral” rating and set a $140.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Mizuho boosted their price objective on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Truist Financial dropped their price objective on shares of Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Finally, Wedbush raised shares of Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $135.00 to $154.00 in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and an average price target of $141.47.

Get Our Latest Report on Mid-America Apartment Communities

Insiders Place Their Bets

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were 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 owns 317,737 shares in the company, valued at $40,057,103.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 2,807 shares of company stock worth $353,955. Company insiders own 1.30% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.3 %

NYSE MAA opened at $136.66 on Friday. The company has a market capitalization of $15.97 billion, a PE ratio of 28.65, a P/E/G ratio of 3.05 and a beta of 0.84. The company has a fifty day moving average of $131.83 and a 200 day moving average of $130.46. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $158.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities (NYSE:MAAGet Free Report) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The business had revenue of $543.60 million for the quarter, compared to analyst estimates of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 earnings per share. Research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.87 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a $1.47 dividend. The ex-dividend date is Friday, July 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.30%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

Mid-America Apartment Communities Company 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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