Dimensional Fund Advisors LP grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,638,144 shares of the real estate investment trust’s stock after buying an additional 28,084 shares during the quarter. Dimensional Fund Advisors LP owned 1.44% of Mid-America Apartment Communities worth $175,082,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Gilman Hill Asset Management LLC increased its holdings in Mid-America Apartment Communities by 9.2% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 6,193 shares of the real estate investment trust’s stock valued at $662,000 after acquiring an additional 520 shares in the last quarter. Forsta AP Fonden boosted its stake in shares of Mid-America Apartment Communities by 35.0% during the 3rd quarter. Forsta AP Fonden now owns 47,100 shares of the real estate investment trust’s stock worth $5,034,000 after purchasing an additional 12,200 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Mid-America Apartment Communities by 12.0% in the third quarter. Toronto Dominion Bank now owns 43,113 shares of the real estate investment trust’s stock worth $4,607,000 after acquiring an additional 4,610 shares during the last quarter. Aviva PLC boosted its position in shares of Mid-America Apartment Communities by 1.2% in the second quarter. Aviva PLC now owns 70,978 shares of the real estate investment trust’s stock worth $7,481,000 after acquiring an additional 860 shares during the last quarter. Finally, GAM Holding AG boosted its position in shares of Mid-America Apartment Communities by 2.4% in the second quarter. GAM Holding AG now owns 15,525 shares of the real estate investment trust’s stock worth $1,636,000 after acquiring an additional 365 shares during the last quarter. Institutional investors own 92.97% of the company’s stock.

Several research firms recently issued reports on MAA. Raymond James Financial reissued a “market perform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, November 29th. UBS cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 29th. BMO Capital Markets cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 target price on the stock. in a research report on Monday, November 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $110.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, November 13th. Finally, Robert W. Baird reissued a “buy” rating and issued a $110.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, November 10th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $110.50.

In other news, Director William Reid Sanders acquired 7,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were bought at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the purchase, the director now directly owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.25% of the company’s stock.

Mid-America Apartment Communities, Inc. (MAA) traded up $1.00 during midday trading on Wednesday, reaching $103.88. 967,800 shares of the company traded hands, compared to its average volume of 673,623. Mid-America Apartment Communities, Inc. has a 52-week low of $92.50 and a 52-week high of $110.95. The stock has a market capitalization of $11,689.95, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 2.49 and a beta of 0.34.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be paid a dividend of $0.9225 per share. The ex-dividend date is Thursday, January 11th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.55%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 156.76%.

ILLEGAL ACTIVITY NOTICE: “Dimensional Fund Advisors LP Has $175.08 Million Holdings in Mid-America Apartment Communities, Inc. (MAA)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/dimensional-fund-advisors-lp-has-175-08-million-holdings-in-mid-america-apartment-communities-inc-maa/1761541.html.

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)

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.