BTC Capital Management Inc. reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,139 shares of the real estate investment trust’s stock after selling 3,412 shares during the quarter. BTC Capital Management Inc.’s holdings in Mid-America Apartment Communities were worth $2,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in Mid-America Apartment Communities by 22.3% during the third quarter. BNP Paribas Arbitrage SA now owns 107,732 shares of the real estate investment trust’s stock worth $11,514,000 after acquiring an additional 19,668 shares during the last quarter. Breton Hill Capital Ltd. increased its stake in Mid-America Apartment Communities by 3.5% during the third quarter. Breton Hill Capital Ltd. now owns 97,863 shares of the real estate investment trust’s stock worth $10,460,000 after acquiring an additional 3,276 shares during the last quarter. Swiss National Bank increased its stake in Mid-America Apartment Communities by 1.0% during the third quarter. Swiss National Bank now owns 526,076 shares of the real estate investment trust’s stock worth $56,227,000 after acquiring an additional 5,200 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Mid-America Apartment Communities by 77.3% during the third quarter. Principal Financial Group Inc. now owns 307,833 shares of the real estate investment trust’s stock valued at $32,901,000 after buying an additional 134,212 shares during the last quarter. Finally, Pettee Investors Inc. bought a new position in shares of Mid-America Apartment Communities during the third quarter valued at approximately $735,000. 92.34% of the stock is currently owned by institutional investors.

Shares of Mid-America Apartment Communities, Inc. (MAA) traded down $0.14 during trading hours on Monday, reaching $105.47. The company had a trading volume of 377,500 shares, compared to its average volume of 673,107. Mid-America Apartment Communities, Inc. has a 52 week low of $87.59 and a 52 week high of $110.95. The company has a market capitalization of $11,984.24, a PE ratio of 17.76, a P/E/G ratio of 2.55 and a beta of 0.35.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $3.48 annualized dividend and a yield of 3.30%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 156.76%.

In related news, Director William Reid Sanders bought 7,000 shares of the stock in a transaction on Friday, October 27th. The stock was bought at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares in the company, valued at $821,802.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $730,768.48. Following the sale, the director now owns 77,180 shares of the company’s stock, valued at approximately $8,207,321.20. The disclosure for this sale can be found here. 1.25% of the stock is owned by corporate insiders.

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MAA has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Stifel Nicolaus cut their target price on Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. ValuEngine cut Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. JMP Securities cut Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 19th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $109.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $110.08.

Mid-America Apartment Communities Company 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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