Traders Buy High Volume of Mid-America Apartment Communities Call Options (NYSE:MAA)

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Mid-America Apartment Communities, Inc. (NYSE:MAA) saw unusually large options trading on Monday. Stock investors purchased 2,369 call options on the company. This represents an increase of 740% compared to the average daily volume of 282 call options.

MAA opened at $227.39 on Wednesday. The business’s 50-day moving average is $211.91 and its two-hundred day moving average is $196.15. Mid-America Apartment Communities has a 1 year low of $122.35 and a 1 year high of $231.63. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $26.18 billion, a PE ratio of 60.96, a price-to-earnings-growth ratio of 16.44 and a beta of 0.71.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Tuesday, October 26th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.97). Mid-America Apartment Communities had a net margin of 24.83% and a return on equity of 7.10%. The company had revenue of $452.58 million during the quarter, compared to analysts’ expectations of $445.91 million. During the same quarter last year, the firm earned $1.57 EPS. Mid-America Apartment Communities’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Mid-America Apartment Communities will post 6.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Friday, January 14th will be paid a $1.0875 dividend. This represents a $4.35 annualized dividend and a yield of 1.91%. The ex-dividend date is Thursday, January 13th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.03. Mid-America Apartment Communities’s payout ratio is 109.92%.

In related news, EVP Melanie Carpenter sold 463 shares of the firm’s stock in a transaction on Monday, December 13th. The stock was sold at an average price of $218.27, for a total value of $101,059.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert J. Delpriore sold 5,000 shares of the firm’s stock in a transaction on Monday, November 29th. The stock was sold at an average price of $205.34, for a total value of $1,026,700.00. The disclosure for this sale can be found here. 1.39% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MAA. Koshinski Asset Management Inc. acquired a new stake in Mid-America Apartment Communities in the third quarter worth about $42,000. NEXT Financial Group Inc boosted its holdings in Mid-America Apartment Communities by 37.1% in the third quarter. NEXT Financial Group Inc now owns 233 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 63 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Mid-America Apartment Communities by 162.5% in the second quarter. Brown Brothers Harriman & Co. now owns 273 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 169 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Mid-America Apartment Communities by 30.1% in the second quarter. Parallel Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 69 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Mid-America Apartment Communities by 3,787.5% in the third quarter. Arkadios Wealth Advisors now owns 311 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 303 shares in the last quarter. Institutional investors own 90.41% of the company’s stock.

A number of analysts have weighed in on MAA shares. The Goldman Sachs Group started coverage on Mid-America Apartment Communities in a research note on Thursday, September 23rd. They issued a “neutral” rating and a $202.00 target price on the stock. Raymond James increased their target price on Mid-America Apartment Communities from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 2nd. Mizuho increased their target price on Mid-America Apartment Communities from $175.00 to $207.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 29th. Truist Securities increased their target price on Mid-America Apartment Communities from $198.00 to $222.00 and gave the stock a “buy” rating in a research note on Monday, December 6th. Finally, Royal Bank of Canada raised their price target on Mid-America Apartment Communities from $199.00 to $205.00 and gave the company a “sector perform” rating in a research note on Friday, October 29th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus target price of $198.46.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust. The firm engages in the operation, acquisition and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned.

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