Mid-America Apartment Communities Inc (NYSE:MAA) EVP Robert J. Delpriore sold 215 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $107.04, for a total value of $23,013.60. Following the sale, the executive vice president now directly owns 30,903 shares in the company, valued at $3,307,857.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE:MAA traded down $0.18 during trading hours on Friday, hitting $108.07. 8,800 shares of the company’s stock traded hands, compared to its average volume of 611,549. Mid-America Apartment Communities Inc has a 1 year low of $86.61 and a 1 year high of $108.29. The firm has a market capitalization of $12.23 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.31 and a beta of 0.49. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.55. Mid-America Apartment Communities had a return on equity of 3.41% and a net margin of 14.01%. The business had revenue of $398.15 million during the quarter, compared to analyst estimates of $399.19 million. During the same quarter in the previous year, the business 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 research analysts expect that Mid-America Apartment Communities Inc will post 6.19 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. KeyCorp set a $108.00 target price on Mid-America Apartment Communities and gave the company a “buy” rating in a research report on Thursday, December 20th. Barclays restated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, January 23rd. Finally, TheStreet upgraded Mid-America Apartment Communities from a “c+” rating to a “b-” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $104.56.

Several hedge funds and other institutional investors have recently made changes to their positions in MAA. Lindbrook Capital LLC purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $35,000. Doyle Wealth Management purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $85,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Mid-America Apartment Communities in the fourth quarter valued at approximately $216,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Mid-America Apartment Communities in the third quarter valued at approximately $225,000. Finally, Parametrica Management Ltd bought a new position in Mid-America Apartment Communities in the third quarter worth approximately $228,000. Hedge funds and other institutional investors own 93.12% 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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