Mid-America Apartment Communities Inc (NYSE:MAA) Director Gary Shorb purchased 500 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $86.53 per share, with a total value of $43,265.00. Following the purchase, the director now directly owns 4,750 shares of the company’s stock, valued at $411,017.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Mid-America Apartment Communities Inc (NYSE:MAA) traded down $0.01 during trading hours on Monday, reaching $87.74. The company’s stock had a trading volume of 1,060,599 shares, compared to its average volume of 844,793. The stock has a market capitalization of $9,970.77, a PE ratio of 30.53, a price-to-earnings-growth ratio of 2.06 and a beta of 0.28. Mid-America Apartment Communities Inc has a 1 year low of $85.30 and a 1 year high of $110.95.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were given a $0.9225 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $3.69 annualized dividend and a yield of 4.21%. Mid-America Apartment Communities’s dividend payout ratio is presently 129.02%.
A number of large investors have recently added to or reduced their stakes in MAA. Group One Trading L.P. purchased a new position in Mid-America Apartment Communities in the third quarter worth $209,000. Conning Inc. purchased a new position in Mid-America Apartment Communities in the fourth quarter worth $211,000. IFM Investors Pty Ltd purchased a new position in Mid-America Apartment Communities in the third quarter worth $217,000. Timber Hill LLC purchased a new position in Mid-America Apartment Communities in the third quarter worth $218,000. Finally, Independent Advisor Alliance purchased a new position in Mid-America Apartment Communities in the third quarter worth $227,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.
Mid-America Apartment Communities Company Profile
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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