Green Square Capital LLC bought a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,087 shares of the real estate investment trust’s stock, valued at approximately $1,590,000.

A number of other large investors also recently added to or reduced their stakes in MAA. Bronfman E.L. Rothschild L.P. lifted its stake in Mid-America Apartment Communities by 32.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,542 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 382 shares during the period. Commerce Bank acquired a new position in Mid-America Apartment Communities in the second quarter valued at about $223,000. BB&T Securities LLC acquired a new position in Mid-America Apartment Communities in the second quarter valued at about $237,000. MAI Capital Management acquired a new position in Mid-America Apartment Communities in the second quarter valued at about $247,000. Finally, RFG Advisory Group LLC acquired a new position in Mid-America Apartment Communities in the second quarter valued at about $282,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mid-America Apartment Communities, Inc. (NYSE MAA) traded down 0.59% during midday trading on Friday, hitting $107.62. The company’s stock had a trading volume of 119,142 shares. The company has a market cap of $12.23 billion, a P/E ratio of 49.75 and a beta of 0.37. Mid-America Apartment Communities, Inc. has a 1-year low of $85.04 and a 1-year high of $110.95. The company has a 50-day moving average price of $107.05 and a 200 day moving average price of $103.88.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $382.80 million for the quarter, compared to the consensus estimate of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, equities research analysts predict that Mid-America Apartment Communities, Inc. will post $1.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, October 12th. Mid-America Apartment Communities’s dividend payout ratio is 148.72%.

Several equities analysts have weighed in on the company. ValuEngine lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Jefferies Group LLC reissued a “buy” rating and issued a $120.00 target price on shares of Mid-America Apartment Communities in a research note on Sunday, September 10th. BTIG Research raised 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 note on Friday, September 8th. Stifel Nicolaus assumed coverage on Mid-America Apartment Communities in a research note on Thursday, August 31st. They issued a “hold” rating and a $113.00 target price on the stock. Finally, BidaskClub raised Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.75.

In related news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 77,180 shares of the company’s stock, valued at approximately $8,207,321.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.25% of the stock is owned by insiders.

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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.

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

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