Virtu Financial LLC Acquires 693 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Virtu Financial LLC increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,580 shares of the real estate investment trust’s stock after purchasing an additional 693 shares during the period. Virtu Financial LLC’s holdings in Mid-America Apartment Communities were worth $481,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First United Bank & Trust bought a new stake in Mid-America Apartment Communities in the fourth quarter worth $27,000. CVA Family Office LLC bought a new stake in Mid-America Apartment Communities during the fourth quarter valued at about $40,000. First Financial Corp IN boosted its holdings in Mid-America Apartment Communities by 40.8% during the fourth quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 86 shares during the period. Emfo LLC bought a new stake in Mid-America Apartment Communities during the fourth quarter valued at about $40,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Mid-America Apartment Communities by 53.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 132 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mid-America Apartment Communities

In other Mid-America Apartment Communities news, CEO H Eric Bolton, Jr. sold 2,642 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total value of $333,076.94. Following the transaction, the chief executive officer now directly owns 317,737 shares in the company, valued at $40,057,103.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 2,807 shares of company stock worth $353,955 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MAA shares. Mizuho upped their price target on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Piper Sandler restated a “neutral” rating and set a $140.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, March 26th. Scotiabank increased their target price on shares of Mid-America Apartment Communities from $139.00 to $144.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Truist Financial decreased their target price on Mid-America Apartment Communities from $152.00 to $148.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Finally, UBS Group raised their price objective on Mid-America Apartment Communities from $126.00 to $131.00 and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $141.97.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $141.25 on Wednesday. The stock has a market cap of $16.50 billion, a P/E ratio of 29.61, a PEG ratio of 3.10 and a beta of 0.84. The company’s 50-day simple moving average is $133.23 and its 200 day simple moving average is $131.42. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $158.46. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.74.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The business had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 EPS. As a group, research analysts forecast that Mid-America Apartment Communities, Inc. will post 8.89 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a $1.47 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $5.88 dividend on an annualized basis and a yield of 4.16%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 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.