Mid-America Apartment Communities Inc (MAA) EVP Robert J. Delpriore Sells 215 Shares
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 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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