Mid-America Apartment Communities Inc (MAA) CFO Sells $29,971.20 in Stock

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.

A number of brokerages recently commented on MAA. Zacks Investment Research cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet upgraded shares of Mid-America Apartment Communities from a “c+” rating to a “b-” rating in a research report on Thursday, February 14th. BMO Capital Markets reiterated a “hold” rating and issued a $102.00 target price on shares of Mid-America Apartment Communities in a research report on Wednesday, January 30th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Finally, Barclays reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $104.56.

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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