Amica Pension Fund Board of Trustees lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 85.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,256 shares of the real estate investment trust’s stock after selling 26,020 shares during the period. Amica Pension Fund Board of Trustees’ holdings in Mid-America Apartment Communities were worth $455,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAA. Bronfman E.L. Rothschild L.P. lifted its position in shares of Mid-America Apartment Communities by 32.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,542 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 382 shares in the last quarter. Timber Hill LLC purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth $218,000. Commerce Bank purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth $223,000. Parametrica Management Ltd purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth $236,000. Finally, BB&T Securities LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth $237,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Several equities research analysts have issued reports on MAA shares. Royal Bank Of Canada restated a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. SunTrust Banks, Inc. restated a “buy” rating and set a $109.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Jefferies Group LLC restated a “buy” rating and set a $120.00 target price on shares of Mid-America Apartment Communities in a research report on Sunday, September 10th. ValuEngine upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, BTIG Research upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Friday, September 8th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $110.33.

Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at $104.16 on Friday. The firm has a market cap of $11,835.39, a price-to-earnings ratio of 17.54, a PEG ratio of 2.52 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a 1-year low of $87.59 and a 1-year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.61. The firm had revenue of $384.60 million for the quarter, compared to analysts’ expectations of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 earnings per share. equities analysts predict that Mid-America Apartment Communities, Inc. will post 5.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a $0.87 dividend. The ex-dividend date was Thursday, October 12th. This represents a $3.48 annualized dividend and a dividend yield of 3.34%. Mid-America Apartment Communities’s payout ratio is currently 156.76%.

In other news, Director William Reid Sanders purchased 7,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were purchased at an average price of $100.11 per share, with a total value of $700,770.00. Following the completion of the acquisition, the director now owns 8,209 shares in the company, valued at approximately $821,802.99. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the transaction, the director now directly owns 77,180 shares in the company, valued at approximately $8,207,321.20. The disclosure for this sale can be found here. Corporate insiders own 1.25% of the company’s stock.

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Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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