Park Avenue Securities LLC raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 26.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,722 shares of the real estate investment trust’s stock after purchasing an additional 774 shares during the quarter. Park Avenue Securities LLC’s holdings in Mid-America Apartment Communities were worth $399,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of 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 worth $162,000 after buying an additional 382 shares during the last quarter. Timber Hill LLC purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth about $218,000. Commerce Bank purchased a new stake in shares of Mid-America Apartment Communities in the second quarter worth about $223,000. Parametrica Management Ltd purchased a new stake in shares of Mid-America Apartment Communities in the third quarter worth about $236,000. Finally, BB&T Securities LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter worth about $237,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Mid-America Apartment Communities, Inc. (NYSE:MAA) traded down $0.47 during midday trading on Thursday, reaching $104.12. The company had a trading volume of 430,900 shares, compared to its average volume of 676,704. The firm has a market cap of $11,884.25, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.53 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a 12 month low of $87.59 and a 12 month high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.61. The company had revenue of $384.60 million during the quarter, compared to analysts’ expectations of $386.96 million. Mid-America Apartment Communities had a return on equity of 7.22% and a net margin of 30.85%. Mid-America Apartment Communities’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. research analysts forecast that Mid-America Apartment Communities, Inc. will post 5.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were issued a $0.87 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $3.48 dividend on an annualized basis and a yield of 3.34%. Mid-America Apartment Communities’s payout ratio is 156.76%.

A number of analysts have recently commented on the company. BidaskClub upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. ValuEngine downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and issued a $112.00 target price on shares of Mid-America Apartment Communities in a research note on Wednesday, August 9th. JMP Securities downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 19th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $110.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $110.33.

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In other news, Director William Reid Sanders bought 7,000 shares of Mid-America Apartment Communities stock in a transaction on Friday, October 27th. The stock was acquired at an average price of $100.11 per share, with a total value of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares of the company’s stock, valued at $821,802.99. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David P. Stockert sold 6,872 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 1.25% of the company’s stock.

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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