Mid America Apartment Communities Inc (MAA) Files Form 4 Insider Buying : H Eric Jr Bolton Buys 60 Shares

Mid America Apartment Communities Inc (MAA): H Eric Jr Bolton , President and CEO of Mid America Apartment Communities Inc purchased 60 shares on Jun 30, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $82.88 per share for a total value of $4,972.61 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 5, 2016, H Eric Jr Bolton (President and CEO) purchased 70 shares at $70.63 per share price.On Sep 4, 2015, Robert J. Delpriore (EVP, General Counsel) sold 1,040 shares at $77.67 per share price.Also, On Jun 11, 2015, Gary Shorb (director) purchased 700 shares at $73.85 per share price.On May 8, 2015, Edward Thomas Wright (EVP, Dev and Cap Projects) sold 8,640 shares at $76.00 per share price.

Mid-America Apartment Communities Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Mid-America Apartment Communities Inc which led to swings in the share price. The shares opened for trading at $105.34 and hit $106.68 on the upside , eventually ending the session at $105.3, with a gain of 0.62% or 0.65 points. The heightened volatility saw the trading volume jump to 9,06,322 shares. The 52-week high of the share price is $106.68 and the company has a market cap of $7,951 M . The 52-week low of the share price is at $72.51.

Mid-America Apartment Communities Inc Money Flow Index Chart

On May 17, 2016, Mid-America Apartment Communities Inc announced a cash dividend of $0.8200. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Jul 29, 2016.

Company has been under the radar of several Street Analysts.Mid-America Apartment Communities Inc is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.

Mid-America Apartment Communities Inc. is a multifamily focused self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments L.P. The Company owns operates acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Company’s segments include large market same store communities secondary market same store communities and non-same store communities and other. As of December 31 2014 the Company’s activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties located in Alabama Arizona Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri Nevada North Carolina South Carolina Tennessee Texas and Virginia.

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