Oakworth Capital Inc. Purchases 98 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Oakworth Capital Inc. boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,212 shares of the real estate investment trust’s stock after buying an additional 98 shares during the period. Oakworth Capital Inc.’s holdings in Mid-America Apartment Communities were worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAA. Cullen Frost Bankers Inc. purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth approximately $35,000. Quarry LP boosted its position in shares of Mid-America Apartment Communities by 186.5% in the 1st quarter. Quarry LP now owns 275 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 179 shares in the last quarter. CVA Family Office LLC acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth about $40,000. First Financial Corp IN lifted its position in Mid-America Apartment Communities by 40.8% during the 4th quarter. First Financial Corp IN now owns 297 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 86 shares during the period. Finally, Emfo LLC acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth about $40,000. 93.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on MAA shares. Royal Bank of Canada restated a “sector perform” rating and issued a $136.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft started coverage on Mid-America Apartment Communities in a report on Tuesday, January 30th. They issued a “hold” rating and a $139.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $149.00 price objective on shares of Mid-America Apartment Communities in a research report on Thursday, February 22nd. Piper Sandler restated a “neutral” rating and set a $140.00 price target on shares of Mid-America Apartment Communities in a research report on Tuesday, March 26th. Finally, Mizuho cut their target price on Mid-America Apartment Communities from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Mid-America Apartment Communities has a consensus rating of “Hold” and an average price target of $143.18.

Insider Buying and Selling at Mid-America Apartment Communities

In related news, CEO H Eric Bolton, Jr. sold 2,642 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $126.07, for a total transaction of $333,076.94. Following the transaction, the chief executive officer now directly owns 317,737 shares of the company’s stock, valued at $40,057,103.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 2,807 shares of company stock worth $353,955 over the last quarter. 1.33% of the stock is currently owned by insiders.

Mid-America Apartment Communities Price Performance

Shares of Mid-America Apartment Communities stock traded up $1.99 during trading on Wednesday, hitting $125.78. 819,488 shares of the company’s stock traded hands, compared to its average volume of 884,920. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.09 and a quick ratio of 0.09. The firm’s fifty day moving average price is $128.89 and its 200 day moving average price is $128.70. 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 market cap of $14.68 billion, a PE ratio of 26.28, a PEG ratio of 2.84 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.93). Mid-America Apartment Communities had a return on equity of 8.74% and a net margin of 25.73%. The company had revenue of $542.25 million during the quarter, compared to the consensus estimate of $542.64 million. During the same period in the prior year, the firm posted $2.32 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Analysts forecast that Mid-America Apartment Communities, Inc. will post 8.92 earnings per share for the current year.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 124.84%.

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.