Mid-America Apartment Communities, Inc. (NYSE:MAA) Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total transaction of $730,768.48. Following the transaction, the director now owns 77,180 shares in the company, valued at approximately $8,207,321.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) traded up 0.85% during trading on Friday, reaching $107.94. 845,630 shares of the company traded hands. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 49.90 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a 1-year low of $85.04 and a 1-year high of $110.95. The stock’s 50 day moving average is $105.02 and its 200 day moving average is $102.94.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. The company had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 earnings per share. On average, analysts forecast that Mid-America Apartment Communities, Inc. will post $1.69 EPS for the current year.

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Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. UBS AG downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price objective on the stock. in a report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and set a $112.00 price objective on shares of Mid-America Apartment Communities in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Barclays PLC cut their price target on shares of Mid-America Apartment Communities from $117.00 to $116.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus price target of $109.33.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Mid-America Apartment Communities by 1.4% in the second quarter. Vanguard Group Inc. now owns 20,004,797 shares of the real estate investment trust’s stock valued at $2,108,105,000 after purchasing an additional 280,900 shares during the period. BlackRock Inc. increased its holdings in shares of Mid-America Apartment Communities by 1.7% in the second quarter. BlackRock Inc. now owns 10,441,227 shares of the real estate investment trust’s stock valued at $1,100,295,000 after purchasing an additional 176,128 shares during the period. State Street Corp increased its holdings in shares of Mid-America Apartment Communities by 2.0% in the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock valued at $684,403,000 after purchasing an additional 134,757 shares during the period. APG Asset Management US Inc. increased its holdings in shares of Mid-America Apartment Communities by 7.7% in the second quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock valued at $383,521,000 after purchasing an additional 260,897 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Mid-America Apartment Communities by 90.7% in the second quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock valued at $253,615,000 after purchasing an additional 1,144,768 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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