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Mid-America Apartment Communities (NYSE:MAA) Director Thomas H. Lowder sold 140,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $65.18, for a total value of $9,125,200.00. Following the sale, the director now directly owns 333,571 shares of the company’s stock, valued at approximately $21,742,158. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 1.82% on Friday, hitting $66.63. The stock had a trading volume of 698,718 shares. Mid-America Apartment Communities has a 1-year low of $59.23 and a 1-year high of $74.94. The stock’s 50-day moving average is $62. and its 200-day moving average is $62.93. The company has a market cap of $4.982 billion and a P/E ratio of 18.94.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.19. During the same quarter in the previous year, the company posted $1.21 earnings per share. On average, analysts predict that Mid-America Apartment Communities will post $5.05 earnings per share for the current fiscal year.

A number of research firms have recently commented on MAA. Analysts at TheStreet downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note to investors on Friday. Analysts at RBC Capital cut their price target on shares of Mid-America Apartment Communities from $71.00 to $65.00 in a research note to investors on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $69.50.

Mid-America Apartment Communities, Inc (NYSE:MAA) is a self-administered and self-managed real estate investment trust (REIT).

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