Garrison Financial Corp maintained its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,755 shares of the real estate investment trust’s stock at the end of the second quarter. Garrison Financial Corp’s holdings in Mid-America Apartment Communities were worth $396,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MAA. State Street Corp boosted its stake in Mid-America Apartment Communities by 2.0% in the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock worth $684,403,000 after buying an additional 134,757 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Mid-America Apartment Communities by 295.1% in the second quarter. Retirement Systems of Alabama now owns 216,868 shares of the real estate investment trust’s stock worth $22,854,000 after buying an additional 161,982 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Mid-America Apartment Communities by 88.8% in the fourth quarter. Macquarie Group Ltd. now owns 59,012 shares of the real estate investment trust’s stock worth $5,778,000 after buying an additional 27,752 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Mid-America Apartment Communities by 7.3% in the first quarter. Pictet Asset Management Ltd. now owns 63,101 shares of the real estate investment trust’s stock worth $6,420,000 after buying an additional 4,300 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Mid-America Apartment Communities by 5.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 91,366 shares of the real estate investment trust’s stock worth $9,296,000 after buying an additional 4,824 shares during the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Shares of Mid-America Apartment Communities, Inc. (MAA) opened at 104.02 on Friday. The stock has a market cap of $11.82 billion, a PE ratio of 48.09 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a one year low of $85.04 and a one year high of $110.95. The company has a 50-day moving average of $103.32 and a 200 day moving average of $101.70.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The business had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. During the same quarter in the prior year, the business posted $1.54 EPS. Mid-America Apartment Communities’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, analysts predict that Mid-America Apartment Communities, Inc. will post $1.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, July 12th. This represents a $3.48 dividend on an annualized basis and a yield of 3.35%. Mid-America Apartment Communities’s payout ratio is 148.72%.

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MAA has been the topic of a number of recent analyst reports. BidaskClub cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reiterated an “overweight” rating and set a $117.00 price target (up previously from $116.00) on shares of Mid-America Apartment Communities in a report on Wednesday, April 19th. Jefferies Group LLC reiterated a “buy” rating and set a $115.00 price target on shares of Mid-America Apartment Communities in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $112.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday. Finally, BMO Capital Markets reiterated a “buy” rating and set a $105.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $108.83.

About Mid-America Apartment Communities

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.

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

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