Mid-America Apartment Communities Inc (NYSE:MAA) CFO Albert M. Campbell III sold 280 shares of Mid-America Apartment Communities stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $107.04, for a total transaction of $29,971.20. Following the completion of the transaction, the chief financial officer now owns 44,582 shares in the company, valued at approximately $4,772,057.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of MAA stock traded up $0.60 during mid-day trading on Tuesday, reaching $107.39. The stock had a trading volume of 546,626 shares, compared to its average volume of 617,596. Mid-America Apartment Communities Inc has a 52-week low of $86.61 and a 52-week high of $107.68. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 3.22 and a beta of 0.50. The company has a current ratio of 0.12, a quick ratio of 0.17 and a debt-to-equity ratio of 0.71.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The firm had revenue of $398.15 million for the quarter, compared to analysts’ expectations of $399.19 million. During the same quarter in the previous year, the company earned $1.50 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that Mid-America Apartment Communities Inc will post 6.19 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Mid-America Apartment Communities by 0.9% in the third quarter. BlackRock Inc. now owns 11,121,144 shares of the real estate investment trust’s stock valued at $1,114,119,000 after acquiring an additional 95,675 shares during the period. AXA increased its position in shares of Mid-America Apartment Communities by 125.6% in the third quarter. AXA now owns 41,057 shares of the real estate investment trust’s stock valued at $4,113,000 after acquiring an additional 22,859 shares during the period. ING Groep NV purchased a new position in shares of Mid-America Apartment Communities in the third quarter valued at about $449,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Mid-America Apartment Communities by 35.8% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 145,300 shares of the real estate investment trust’s stock valued at $13,905,000 after acquiring an additional 38,283 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Mid-America Apartment Communities by 32.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 6,129 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 92.84% of the company’s stock.
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About Mid-America Apartment Communities
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.
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