Cypress Capital LLC Lowers Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Cypress Capital LLC lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating) by 17.3% during the first quarter, Holdings Channel.com reports. The firm owned 1,290 shares of the real estate investment trust’s stock after selling 270 shares during the quarter. Cypress Capital LLC’s holdings in Mid-America Apartment Communities were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MAA. CAPROCK Group Inc. boosted its stake in shares of Mid-America Apartment Communities by 6.6% during the 1st quarter. CAPROCK Group Inc. now owns 973 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 60 shares in the last quarter. Peapack Gladstone Financial Corp boosted its stake in shares of Mid-America Apartment Communities by 4.7% during the 4th quarter. Peapack Gladstone Financial Corp now owns 17,473 shares of the real estate investment trust’s stock worth $4,009,000 after acquiring an additional 792 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Mid-America Apartment Communities by 1.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 15,393 shares of the real estate investment trust’s stock worth $3,224,000 after acquiring an additional 190 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Mid-America Apartment Communities by 11.4% during the 4th quarter. Quadrant Capital Group LLC now owns 832 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 85 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Mid-America Apartment Communities by 385.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 51,650 shares of the real estate investment trust’s stock worth $11,850,000 after acquiring an additional 41,017 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Mid-America Apartment Communities Trading Up 0.4 %

Shares of MAA opened at $179.54 on Friday. The stock has a fifty day moving average of $172.52 and a two-hundred day moving average of $191.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $20.73 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 10.85 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a fifty-two week low of $158.85 and a fifty-two week high of $231.63.

Mid-America Apartment Communities (NYSE:MAA – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The firm had revenue of $495.04 million for the quarter, compared to analyst estimates of $488.64 million. Mid-America Apartment Communities had a return on equity of 10.01% and a net margin of 31.30%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 earnings per share. As a group, analysts forecast that Mid-America Apartment Communities, Inc. will post 8.24 EPS for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently declared a dividend, which was paid on Monday, July 25th. Investors of record on Friday, July 15th were issued a $1.25 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a yield of 2.85%. Mid-America Apartment Communities’s dividend payout ratio is currently 98.04%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Credit Suisse Group started coverage on Mid-America Apartment Communities in a research note on Wednesday, June 22nd. They set an “outperform” rating and a $195.00 price target on the stock. Raymond James reaffirmed a “downgrade” rating on shares of Mid-America Apartment Communities in a research note on Thursday. BTIG Research started coverage on Mid-America Apartment Communities in a research note on Monday, May 9th. They issued a “buy” rating and a $225.00 target price on the stock. Piper Sandler reduced their target price on Mid-America Apartment Communities from $200.00 to $195.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Finally, Truist Financial reduced their target price on Mid-America Apartment Communities from $205.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, June 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.38.

Insider Activity at Mid-America Apartment Communities

In related news, EVP Melanie Carpenter sold 1,355 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $186.27, for a total value of $252,395.85. Following the completion of the sale, the executive vice president now directly owns 17,953 shares in the company, valued at approximately $3,344,105.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.34% of the stock is owned by insiders.

Mid-America Apartment Communities Profile

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MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.