Cibc World Markets Corp increased its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 35.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,048 shares of the real estate investment trust’s stock after acquiring an additional 4,189 shares during the quarter. Cibc World Markets Corp’s holdings in Mid-America Apartment Communities were worth $1,691,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MAA. UBS Asset Management Americas Inc. lifted its stake in shares of Mid-America Apartment Communities by 36.6% in the first quarter. UBS Asset Management Americas Inc. now owns 513,788 shares of the real estate investment trust’s stock worth $52,273,000 after acquiring an additional 137,557 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Mid-America Apartment Communities by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 14,494 shares of the real estate investment trust’s stock worth $1,475,000 after acquiring an additional 156 shares in the last quarter. Oxford Asset Management acquired a new position in shares of Mid-America Apartment Communities in the first quarter worth about $1,138,000. Mason Street Advisors LLC lifted its stake in shares of Mid-America Apartment Communities by 1.0% in the first quarter. Mason Street Advisors LLC now owns 15,691 shares of the real estate investment trust’s stock worth $1,596,000 after acquiring an additional 161 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Mid-America Apartment Communities by 21.7% in the first quarter. Victory Capital Management Inc. now owns 189,844 shares of the real estate investment trust’s stock worth $19,315,000 after acquiring an additional 33,840 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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In related news, Director David P. Stockert sold 6,872 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total value of $730,768.48. Following the completion of the sale, the director now owns 77,180 shares in the company, valued at $8,207,321.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.25% of the stock is currently owned by company insiders.

Several research analysts recently commented on the company. ValuEngine cut Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Mid-America Apartment Communities in a research note on Sunday, September 10th. BTIG Research upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target 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 price target on the stock. Finally, BidaskClub upgraded Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mid-America Apartment Communities currently has a consensus rating of “Buy” and a consensus price target of $109.75.

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at 106.88 on Friday. Mid-America Apartment Communities, Inc. has a 52 week low of $85.04 and a 52 week high of $110.95. The firm’s 50-day moving average price is $106.26 and its 200 day moving average price is $103.30. The firm has a market cap of $12.14 billion, a PE ratio of 49.41 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $382.17 million. During the same quarter last year, the company earned $1.54 earnings per share. The firm’s revenue was up 40.6% on a year-over-year basis. Equities analysts anticipate that Mid-America Apartment Communities, Inc. will post $1.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, October 12th. Mid-America Apartment Communities’s payout ratio is presently 148.72%.

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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