Mid-America Apartment Communities Inc (NYSE:MAA) Short Interest Update

Share on StockTwits

Mid-America Apartment Communities Inc (NYSE:MAA) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,540,000 shares, a growth of 9.2% from the August 30th total of 1,410,000 shares. Based on an average trading volume of 534,000 shares, the short-interest ratio is currently 2.9 days. Approximately 1.4% of the shares of the stock are sold short.

Several research firms have recently issued reports on MAA. SunTrust Banks increased their price objective on shares of Mid-America Apartment Communities to $130.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Barclays set a $141.00 price objective on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a report on Friday, October 11th. Capital One Financial restated an “equal weight” rating on shares of Mid-America Apartment Communities in a report on Monday, September 16th. ValuEngine cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Scotiabank downgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and reduced their price target for the company from $114.00 to $107.00 in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $118.29.

Shares of NYSE:MAA opened at $133.42 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $15.03 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 5.36 and a beta of 0.33. Mid-America Apartment Communities has a 52 week low of $91.21 and a 52 week high of $134.17. The firm has a 50 day simple moving average of $129.58 and a 200 day simple moving average of $119.47.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.96 dividend. The ex-dividend date is Friday, October 11th. This represents a $3.84 annualized dividend and a dividend yield of 2.88%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 63.58%.

In other news, Director David P. Stockert sold 2,047 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $120.84, for a total value of $247,359.48. Following the completion of the transaction, the director now directly owns 65,240 shares in the company, valued at $7,883,601.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. First Financial Corp IN purchased a new stake in shares of Mid-America Apartment Communities in the 3rd quarter valued at approximately $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $29,000. JJJ Advisors Inc. purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $31,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Mid-America Apartment Communities by 193.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 201 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Mid-America Apartment Communities in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 92.89% of the company’s stock.

Mid-America Apartment Communities Company 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.

Read More: What are the most popular ETFs

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

PAYCENT Reaches 24-Hour Volume of $141,589.00
PAYCENT Reaches 24-Hour Volume of $141,589.00
BORA  Price Down 6.2% Over Last 7 Days
BORA Price Down 6.2% Over Last 7 Days
Jarvis Securities Plc  Declares Dividend of GBX 7.25
Jarvis Securities Plc Declares Dividend of GBX 7.25
Simon Property Group Inc  To Go Ex-Dividend on November 14th
Simon Property Group Inc To Go Ex-Dividend on November 14th
DigitalBits  Hits Market Capitalization of $1.80 Million
DigitalBits Hits Market Capitalization of $1.80 Million
Moeda Loyalty Points  Trading 1.4% Higher  Over Last Week
Moeda Loyalty Points Trading 1.4% Higher Over Last Week


© 2006-2019 Ticker Report