B&I Capital AG Sells 4,890 Shares of Mid-America Apartment Communities, Inc. $MAA

B&I Capital AG decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,475 shares of the real estate investment trust’s stock after selling 4,890 shares during the quarter. Mid-America Apartment Communities makes up 2.4% of B&I Capital AG’s holdings, making the stock its 17th largest holding. B&I Capital AG’s holdings in Mid-America Apartment Communities were worth $6,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Mid-America Apartment Communities in the second quarter valued at about $795,893,000. Allworth Financial LP grew its position in shares of Mid-America Apartment Communities by 33.1% in the 2nd quarter. Allworth Financial LP now owns 30,112 shares of the real estate investment trust’s stock worth $4,457,000 after buying an additional 7,481 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Mid-America Apartment Communities by 85.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 28,639 shares of the real estate investment trust’s stock worth $4,002,000 after buying an additional 13,198 shares during the last quarter. Barings LLC bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $2,268,000. Finally, Algebris UK Ltd. purchased a new stake in Mid-America Apartment Communities during the third quarter valued at approximately $14,461,000. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Price Performance

NYSE:MAA opened at $134.22 on Friday. The firm’s fifty day moving average is $135.36 and its two-hundred day moving average is $137.70. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.84 and a beta of 0.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.06 and a current ratio of 0.06. Mid-America Apartment Communities, Inc. has a one year low of $125.75 and a one year high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.01). The company had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $2.21 EPS. Research analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were paid a $1.53 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $6.12 dividend on an annualized basis and a yield of 4.6%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. Mid-America Apartment Communities’s dividend payout ratio is 129.66%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAA. BMO Capital Markets raised Mid-America Apartment Communities from a “hold” rating to an “outperform” rating and upped their price target for the stock from $150.00 to $158.00 in a research report on Friday, January 9th. Barclays reduced their target price on Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. UBS Group raised their price target on Mid-America Apartment Communities from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Mizuho upped their price objective on shares of Mid-America Apartment Communities from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, Morgan Stanley decreased their price objective on shares of Mid-America Apartment Communities from $169.00 to $164.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $155.37.

Insider Buying and Selling

In other Mid-America Apartment Communities news, EVP Robert J. Delpriore sold 5,426 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $138.23, for a total transaction of $750,035.98. Following the completion of the transaction, the executive vice president owned 49,745 shares of the company’s stock, valued at $6,876,251.35. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amber Fairbanks sold 233 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total value of $31,804.50. Following the completion of the transaction, the executive vice president owned 3,799 shares in the company, valued at approximately $518,563.50. This trade represents a 5.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,079 shares of company stock worth $838,698. Insiders own 1.20% of the company’s stock.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.