Group One Trading L.P. bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,954 shares of the real estate investment trust’s stock, valued at approximately $209,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its stake 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 purchasing 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 about $218,000. Commerce Bank purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $223,000. Parametrica Management Ltd purchased a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $236,000. Finally, BB&T Securities LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $237,000. 92.97% of the stock is owned by institutional investors and hedge funds.

Shares of Mid-America Apartment Communities, Inc. (MAA) traded up $0.86 during midday trading on Monday, reaching $103.13. 493,900 shares of the company traded hands, compared to its average volume of 673,358. Mid-America Apartment Communities, Inc. has a one year low of $91.94 and a one year high of $110.95. The stock has a market cap of $11,718.35, a PE ratio of 17.36, a PEG ratio of 2.49 and a beta of 0.34.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.61. The company 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 was up 38.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. analysts predict that Mid-America Apartment Communities, Inc. will post 5.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be issued a $0.9225 dividend. This represents a $3.69 annualized dividend and a yield of 3.58%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date is Thursday, January 11th. Mid-America Apartment Communities’s payout ratio is presently 156.76%.

Several analysts recently issued reports on the stock. BidaskClub raised shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. JMP Securities cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 19th. Mizuho reaffirmed a “hold” rating and set a $106.00 price objective on shares of Mid-America Apartment Communities in a research note on Sunday, October 15th. ValuEngine cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Mid-America Apartment Communities in a research note on Sunday, September 10th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $110.50.

In other news, Director William Reid Sanders bought 7,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the acquisition, the director now directly owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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

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