GW&K Investment Management LLC raised its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 175,941 shares of the real estate investment trust’s stock after buying an additional 3,709 shares during the period. GW&K Investment Management LLC’s holdings in Mid-America Apartment Communities were worth $16,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MAA. Bank of New York Mellon Corp increased its position in Mid-America Apartment Communities by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 1,098,234 shares of the real estate investment trust’s stock valued at $110,558,000 after acquiring an additional 10,026 shares during the last quarter. Bank of Montreal Can increased its position in Mid-America Apartment Communities by 58.6% during the third quarter. Bank of Montreal Can now owns 178,904 shares of the real estate investment trust’s stock valued at $17,923,000 after acquiring an additional 66,083 shares during the last quarter. First Hawaiian Bank bought a new position in Mid-America Apartment Communities during the third quarter valued at $171,000. Aperio Group LLC increased its position in Mid-America Apartment Communities by 2.2% during the third quarter. Aperio Group LLC now owns 56,560 shares of the real estate investment trust’s stock valued at $5,666,000 after acquiring an additional 1,192 shares during the last quarter. Finally, Oakbrook Investments LLC increased its position in Mid-America Apartment Communities by 38.6% during the third quarter. Oakbrook Investments LLC now owns 6,459 shares of the real estate investment trust’s stock valued at $647,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 92.84% of the company’s stock.

NYSE MAA opened at $103.21 on Thursday. The company has a current ratio of 0.12, a quick ratio of 0.17 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $11.84 billion, a PE ratio of 17.09, a P/E/G ratio of 3.20 and a beta of 0.50. Mid-America Apartment Communities Inc has a 12 month low of $85.16 and a 12 month high of $104.98.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.55. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The company had revenue of $398.15 million for the quarter, compared to analysts’ expectations of $399.19 million. During the same period in the prior year, the business earned $1.50 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Mid-America Apartment Communities Inc will post 6.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.72%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, January 14th. Mid-America Apartment Communities’s dividend payout ratio is presently 63.58%.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 1,777 shares of the stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $103.68, for a total transaction of $184,239.36. Following the transaction, the director now directly owns 64,786 shares in the company, valued at approximately $6,717,012.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider H Eric Bolton, Jr. sold 262 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $97.84, for a total transaction of $25,634.08. Following the transaction, the insider now owns 224,347 shares in the company, valued at $21,950,110.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,899 shares of company stock worth $292,986. 1.26% of the stock is owned by company insiders.

A number of research analysts have weighed in on MAA shares. TheStreet upgraded shares of Mid-America Apartment Communities from a “c+” rating to a “b-” rating in a research report on Thursday, February 14th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Barclays reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, January 23rd. KeyCorp set a $108.00 price target on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a report on Thursday, December 20th. Finally, BMO Capital Markets restated a “hold” rating and issued a $102.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday, January 30th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.56.

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Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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

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