Partners Group Holding AG Boosts Holdings in Mid-America Apartment Communities, Inc. (MAA)
Partners Group Holding AG boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,400 shares of the real estate investment trust’s stock after buying an additional 4,200 shares during the quarter. Mid-America Apartment Communities makes up approximately 0.4% of Partners Group Holding AG’s holdings, making the stock its 26th largest holding. Partners Group Holding AG’s holdings in Mid-America Apartment Communities were worth $3,698,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position 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 acquiring an additional 382 shares during the last quarter. Commerce Bank acquired a new position in shares of Mid-America Apartment Communities during the second quarter valued at $223,000. BB&T Securities LLC acquired a new position in shares of Mid-America Apartment Communities during the second quarter valued at $237,000. MAI Capital Management bought a new position in Mid-America Apartment Communities in the second quarter valued at about $247,000. Finally, RFG Advisory Group LLC bought a new position in Mid-America Apartment Communities in the second quarter valued at about $282,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.
Mid-America Apartment Communities, Inc. (MAA) traded down 0.19% during trading on Tuesday, hitting $107.00. The stock had a trading volume of 246,154 shares. The firm has a market capitalization of $12.16 billion, a P/E ratio of 49.47 and a beta of 0.37. Mid-America Apartment Communities, Inc. has a one year low of $85.04 and a one year high of $110.95. The stock has a 50 day moving average of $106.96 and a 200 day moving average of $103.78.
Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. The firm had revenue of $382.80 million during the quarter, compared to the consensus estimate of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period last year, the business posted $1.54 EPS. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post $1.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $3.48 dividend on an annualized basis and a yield of 3.25%. Mid-America Apartment Communities’s payout ratio is currently 148.72%.
In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the transaction, the director now directly owns 77,180 shares in the company, valued at approximately $8,207,321.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.25% of the stock is currently owned by insiders.
Several research analysts have 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 Tuesday, June 20th. ValuEngine raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a $120.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, September 10th. BTIG Research raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Friday, September 8th. Finally, Stifel Nicolaus started coverage on shares of Mid-America Apartment Communities in a research report on Thursday, August 31st. They set a “hold” rating and a $113.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $109.75.
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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