Mid-America Apartment Communities Inc (MAA) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its stake in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,709 shares of the real estate investment trust’s stock after selling 468 shares during the quarter. LPL Financial LLC’s holdings in Mid-America Apartment Communities were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MAA. Lindbrook Capital LLC bought a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $35,000. Eaton Vance Management grew its holdings in Mid-America Apartment Communities by 26.1% during the 4th quarter. Eaton Vance Management now owns 65,971 shares of the real estate investment trust’s stock worth $6,313,000 after acquiring an additional 13,655 shares during the last quarter. Prudential Financial Inc. grew its holdings in Mid-America Apartment Communities by 22.6% during the 4th quarter. Prudential Financial Inc. now owns 153,041 shares of the real estate investment trust’s stock worth $14,646,000 after acquiring an additional 28,234 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Mid-America Apartment Communities by 2.2% during the 4th quarter. GW&K Investment Management LLC now owns 175,941 shares of the real estate investment trust’s stock worth $16,838,000 after acquiring an additional 3,709 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Mid-America Apartment Communities by 514.1% during the 4th quarter. Mackenzie Financial Corp now owns 18,484 shares of the real estate investment trust’s stock worth $1,769,000 after acquiring an additional 15,474 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

NYSE MAA traded down $0.23 on Monday, hitting $109.93. 422,600 shares of the company were exchanged, compared to its average volume of 554,140. The firm has a market cap of $12.55 billion, a PE ratio of 18.20, a P/E/G ratio of 3.33 and a beta of 0.49. Mid-America Apartment Communities Inc has a 12 month low of $87.47 and a 12 month high of $111.10. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.71.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.55. The business had revenue of $398.15 million for the quarter, compared to analyst estimates of $399.19 million. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. Mid-America Apartment Communities’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 earnings per share. On average, equities analysts predict that Mid-America Apartment Communities Inc will post 6.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.49%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 63.58%.

In related news, Director David P. Stockert sold 1,777 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $103.68, for a total transaction of $184,239.36. Following the transaction, the director now directly owns 64,786 shares of the company’s stock, valued at $6,717,012.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider H Eric Bolton, Jr. sold 262 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $97.84, for a total transaction of $25,634.08. Following the transaction, the insider now owns 224,347 shares in the company, valued at approximately $21,950,110.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,760 shares of company stock worth $606,463. 1.26% of the stock is owned by insiders.

A number of research firms have recently commented on MAA. ValuEngine lowered shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Raymond James lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $105.00 price objective on the stock. in a research note on Thursday, April 4th. They noted that the move was a valuation call. Janney Montgomery Scott lowered shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets raised shares of Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $102.00 to $120.00 in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $107.35.

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Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition and development of apartment communities. It operates through the Same Store Communities, and Non-Same Store and Other segments. The Same Store Communities segment focuses on communities that the company has owned and have been stabilized for at least a full twelve months as of the first day of the calendar year.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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