Mid-America Apartment Communities Inc (NYSE:MAA) Shares Sold by RKL Wealth Management LLC

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RKL Wealth Management LLC decreased its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,405 shares of the real estate investment trust’s stock after selling 516 shares during the quarter. RKL Wealth Management LLC’s holdings in Mid-America Apartment Communities were worth $1,933,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MAA. Barings LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter valued at $45,411,000. Janus Henderson Group PLC lifted its holdings in shares of Mid-America Apartment Communities by 46.1% in the first quarter. Janus Henderson Group PLC now owns 1,186,322 shares of the real estate investment trust’s stock valued at $129,702,000 after buying an additional 374,503 shares during the period. Ceredex Value Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 91.0% in the first quarter. Ceredex Value Advisors LLC now owns 653,161 shares of the real estate investment trust’s stock valued at $71,410,000 after buying an additional 311,212 shares during the period. FMR LLC lifted its holdings in shares of Mid-America Apartment Communities by 28.2% in the first quarter. FMR LLC now owns 1,352,227 shares of the real estate investment trust’s stock valued at $147,839,000 after buying an additional 297,563 shares during the period. Finally, Hexavest Inc. acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $24,133,000. Institutional investors and hedge funds own 92.31% of the company’s stock.

Several analysts have recently weighed in on the company. KeyCorp upped their price objective on Mid-America Apartment Communities from $112.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Tuesday, May 28th. Mizuho raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $121.00 target price for the company in a report on Wednesday, May 8th. Royal Bank of Canada upped their target price on Mid-America Apartment Communities from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Mid-America Apartment Communities currently has a consensus rating of “Buy” and an average target price of $113.79.

In other news, Director David P. Stockert sold 2,047 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the sale, the director now directly owns 65,240 shares of the company’s stock, valued at $7,883,601.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Shares of NYSE MAA traded up $0.68 during mid-day trading on Friday, hitting $124.21. 644,500 shares of the company traded hands, compared to its average volume of 670,598. Mid-America Apartment Communities Inc has a 1 year low of $91.21 and a 1 year high of $125.31. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 5.06 and a beta of 0.39. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $120.78 and a two-hundred day moving average of $112.39.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Friday, July 12th. Mid-America Apartment Communities’s dividend payout ratio is 63.58%.

Mid-America Apartment Communities Profile

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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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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