Notable Insider Trading: Mid-America Apartment Communities (NYSE:MAA)

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Mid-America Apartment Communities (NYSE:MAA) insider have most recently took part in a trading activity. On Jun 30, 2016 Bolton H Eric Jr, President and CEO bought 60 shares having total worth of $4,973 at the price of $82.88 per share, following the transaction a total of 212,856 shares owned by Bolton H Eric Jr. Before this latest buy, Bolton H Eric Jr purchased MAA at 1 other times during the past twelve months, for a total investment of $4,978 at an average of $62.22 per share.

Furthermore, over the past 12 months , the stock was traded 2 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 1 instances.

Shares of Mid-America Apartment Communities (NYSE:MAA) traded up 0.62% on Jun 29, 2016, hitting $105.3. 904,600 shares of the company’s stock traded hands. Mid-America Apartment Communities has a 52 week low of $71.15 and a 52 week high of $105.3. The company’s market cap is $7,950 million.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on May 4, 2016. The company reported 1.44 earnings per share (EPS) for the quarter, higher than the consensus estimate of 1.41 by $0.03. The company had revenue of $269 million for the quarter, compared to the consensus estimate of $265 million. During the same quarter in the previous year, the company posted 1.32 earnings per share. The company’s revenue for the quarter was up 4% on a year-over-year basis.

2016-05-04 2016-02-03 2015-10-28 2015-07-29 2015-04-29 2015-02-04 2014-10-29 2014-04-30 2014-02-05 2013-11-06
earnings per share 1.44 1.45 1.38 1.36 1.32 1.35 1.31 1.23 0.95 1.25
Revenue(M) 269.02 263.34 262 258.89 257.81 252.47 248.8 243.4 239.4 136.29

Mid-America Apartment Communities has been the subject of a number of recent research reports. Analysts at Jefferies Maintains shares of Mid-America Apartment Communities to an Hold rating in a research note. They now have a $103.00 price target on the stock.

Mid-America Apartment Communities, Inc., or Mid-America was founded in 1994, is a Memphis, Tennessee-based self-administered and self-managed real estate investment trust, or REIT, that focuses on acquiring, owning and operating apartment communities in the Sunbelt region of the United States. The Company together with its subsidiaries, report as a single business segment. As of December 31, 2012, it owned 100% of 160 properties representing 47,809 apartment units. Four properties include retail components with approximately 108,000 square feet of gross leasable area. As of December 31, 2012, it also had 33.33% ownership interests in Mid-America Multifamily Fund I, LLC, or Fund I, and Mid-America Multifamily Fund II, LLC, or Fund II, which owned two properties containing 626 apartment units and four properties containing 1,156 apartment units, respectively. These apartment communities were located across 13 states. The Company’s business is conducted mainly through Mid-America Apartments, L.P. It is the sole general partner of the Operating Partnership. As of December 31, 2012, for this strategy they were partners in three joint ventures: Mid-America Multifamily Fund I, LLC, or Fund I; Mid-America Multifamily Fund II, LLC, or Fund II; and Mid-America Multifamily Fund III, LLC, or Fund III. It has traditionally emphasized property management, and over the past several years, it has deepened its asset management functions to provide additional support in marketing, training, ancillary income and, revenue management. A majority of Mid-America’s property managers are Certified Apartment Managers, a designation established by the National Apartment Association, which provides training for on-site manager professionals. The Company also provides its own in-house leadership development program consisting of a three-module program followed by two case studies which was developed with the assistance of U.S. Learning, Inc. Apartment communities compete on the basis of monthly rent, discounts and facilities offered, such as apartment size and amenities, and apartment community amenities, including recreational facilities, resident services and physical property condition.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.