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Mid-America Apartment Communities (NYSE:MAA) Director James K. Lowder unloaded 45,631 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $71.21, for a total transaction of $3,249,383.51. Following the sale, the director now directly owns 1,197 shares of the company’s stock, valued at approximately $85,238. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

MAA has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Mid-America Apartment Communities from $68.00 to $72.00 in a research note on Tuesday. Analysts at Raymond James raised their price target on shares of Mid-America Apartment Communities from $76.00 to $78.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.33.

Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 0.49% on Thursday, hitting $71.67. The stock had a trading volume of 311,233 shares. Mid-America Apartment Communities has a one year low of $59.23 and a one year high of $74.94. The stock has a 50-day moving average of $69.20 and a 200-day moving average of $65.2. The company has a market cap of $5.376 billion and a price-to-earnings ratio of 38.80.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.03. Analysts expect that Mid-America Apartment Communities will post $5.18 EPS for the current fiscal year.

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

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