Daiwa Securities Group Inc. lifted its stake in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 246.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,758,223 shares of the real estate investment trust’s stock after purchasing an additional 1,961,027 shares during the period. Mid-America Apartment Communities accounts for about 2.0% of Daiwa Securities Group Inc.’s holdings, making the stock its 14th biggest holding. Daiwa Securities Group Inc.’s holdings in Mid-America Apartment Communities were worth $277,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brookfield Asset Management Inc. bought a new stake in Mid-America Apartment Communities during the second quarter worth approximately $158,747,000. Cohen & Steers Inc. boosted its holdings in Mid-America Apartment Communities by 197.0% during the third quarter. Cohen & Steers Inc. now owns 2,025,767 shares of the real estate investment trust’s stock worth $216,514,000 after buying an additional 1,343,626 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Mid-America Apartment Communities by 4,202.0% during the second quarter. Janus Henderson Group PLC now owns 565,631 shares of the real estate investment trust’s stock worth $59,607,000 after buying an additional 552,483 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Mid-America Apartment Communities by 15.8% during the third quarter. JPMorgan Chase & Co. now owns 2,862,188 shares of the real estate investment trust’s stock worth $303,363,000 after buying an additional 391,336 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its holdings in Mid-America Apartment Communities by 149.5% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 502,750 shares of the real estate investment trust’s stock worth $50,557,000 after buying an additional 301,250 shares in the last quarter. Institutional investors and hedge funds own 92.95% of the company’s stock.

In other news, Director William Reid Sanders acquired 4,100 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $90.98 per share, with a total value of $373,018.00. Following the purchase, the director now owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 4,216 shares of company stock valued at $382,935 in the last ninety days. Company insiders own 1.25% of the company’s stock.

Mid-America Apartment Communities Inc (NYSE:MAA) opened at $85.39 on Friday. Mid-America Apartment Communities Inc has a 52 week low of $85.30 and a 52 week high of $110.95. The company has a market cap of $9,991.22, a P/E ratio of 29.86, a P/E/G ratio of 2.06 and a beta of 0.28.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were paid a $0.9225 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date was Thursday, January 11th. This represents a $3.69 dividend on an annualized basis and a yield of 4.32%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 129.02%.

A number of analysts recently weighed in on the stock. ValuEngine cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays reduced their target price on shares of Mid-America Apartment Communities from $113.00 to $112.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Jefferies Group restated a “hold” rating and set a $99.00 target price on shares of Mid-America Apartment Communities in a report on Monday. DA Davidson set a $110.00 target price on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Cantor Fitzgerald reduced their target price on shares of Mid-America Apartment Communities from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $107.62.

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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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