Metis Global Partners LLC Has $1.53 Million Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Metis Global Partners LLC boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,405 shares of the real estate investment trust’s stock after purchasing an additional 308 shares during the quarter. Metis Global Partners LLC’s holdings in Mid-America Apartment Communities were worth $1,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in shares of Mid-America Apartment Communities during the third quarter valued at about $35,000. First Financial Corp IN increased its holdings in Mid-America Apartment Communities by 40.8% during the 4th 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 in the last quarter. CVA Family Office LLC purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter worth approximately $40,000. Emfo LLC bought a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $40,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of Mid-America Apartment Communities by 36.1% in the third quarter. Lindbrook Capital LLC now owns 400 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MAA. Mizuho lowered their price target on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Mid-America Apartment Communities in a research report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 price objective on the stock. Truist Financial decreased their target price on Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Morgan Stanley boosted their price target on shares of Mid-America Apartment Communities from $128.00 to $129.50 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, Scotiabank upgraded shares of Mid-America Apartment Communities from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the stock from $133.00 to $147.00 in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $144.18.

Insider Transactions at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $126.07, for a total transaction of $333,076.94. Following the transaction, the chief executive officer now directly owns 317,737 shares of the company’s stock, valued at approximately $40,057,103.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 2,807 shares of company stock worth $353,955. 1.30% of the stock is currently owned by corporate insiders.

Mid-America Apartment Communities Stock Down 0.5 %

MAA stock opened at $136.19 on Wednesday. The company’s 50 day moving average is $129.95 and its 200 day moving average is $128.58. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 3.41 and a beta of 0.80. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.74. Mid-America Apartment Communities, Inc. has a 1-year low of $115.56 and a 1-year high of $158.46.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). Mid-America Apartment Communities had a return on equity of 8.90% and a net margin of 25.92%. The company had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.44 million. During the same period in the previous year, the company earned $2.28 EPS. Mid-America Apartment Communities’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 8.91 EPS for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 123.27%.

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.