Intel stock extends gains after report of possible U.S. government stake
Mid America Apartment Communities Inc. (NYSE:MAA), a real estate investment trust with a market capitalization of $19.69 billion, has reported recent stock transactions by its President and CEO, Eric Bolton Jr., according to an SEC Form 4 filing. On April 3, Bolton executed a sale of 4,358 shares of common stock at an average price of $166.24, totaling approximately $724,473. This sale was conducted under a 10b5-1 plan, which allows insiders to set up a predetermined plan to sell stocks. According to InvestingPro data, MAA is currently trading near its 52-week high of $173.38.
Additionally, on April 1, Bolton disposed of 2,828 shares at a price of $167.48 per share, amounting to $473,633. These shares were withheld to cover taxes related to the vesting of shares earned under a prior restricted stock plan. Following these transactions, Bolton holds 324,171 shares directly. InvestingPro analysis shows MAA maintains strong fundamentals with a "GREAT" financial health score and has maintained dividend payments for 32 consecutive years, with a current yield of 3.61%.
In other recent news, Mid-America Apartment Communities (MAA) reported its fourth-quarter 2024 earnings, with earnings per share (EPS) of $1.42, significantly surpassing the analyst forecast of $1.02. However, the company’s revenue slightly missed expectations, coming in at $549.83 million compared to the anticipated $551.7 million. This earnings performance highlights MAA’s strong operational efficiency despite a challenging market environment. Additionally, Jefferies upgraded MAA’s stock rating from Hold to Buy, raising the price target from $148 to $190, citing the company’s strong presence in the Sunbelt markets and potential benefits from downward supply growth revisions.
Conversely, Truist Securities downgraded MAA’s stock from Buy to Hold, setting a price target of $46, due to anticipated less-than-average growth over the next few years and potential challenges in the Metro Washington DC area. Meanwhile, JMP Securities maintained its Market Outperform rating on MAA with a price target of $160, emphasizing the company’s promising new lease rate growth and strong balance sheet. These recent developments indicate varied analyst perspectives on MAA’s market position and future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.