Putnam FL Investment Management Co. boosted its stake in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,801 shares of the real estate investment trust’s stock after acquiring an additional 2,442 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Mid-America Apartment Communities were worth $4,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MAA. BlackRock Inc. raised its stake in shares of Mid-America Apartment Communities by 2.1% during the 4th quarter. BlackRock Inc. now owns 11,359,757 shares of the real estate investment trust’s stock worth $1,087,130,000 after buying an additional 238,613 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Mid-America Apartment Communities by 17.8% during the 3rd quarter. Deutsche Bank AG now owns 2,376,730 shares of the real estate investment trust’s stock worth $238,097,000 after buying an additional 358,406 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Mid-America Apartment Communities by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,833,523 shares of the real estate investment trust’s stock worth $175,217,000 after buying an additional 142,096 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mid-America Apartment Communities by 2.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,644,830 shares of the real estate investment trust’s stock worth $157,411,000 after buying an additional 31,770 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Mid-America Apartment Communities by 8.8% during the 3rd quarter. Morgan Stanley now owns 1,591,653 shares of the real estate investment trust’s stock worth $159,452,000 after buying an additional 129,006 shares in the last quarter. 93.96% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on MAA. Zacks Investment Research raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. BMO Capital Markets raised Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $102.00 to $120.00 in a research note on Monday. KeyCorp set a $108.00 target price on Mid-America Apartment Communities and gave the stock a “buy” rating in a research note on Thursday, December 20th. Finally, Barclays reissued a “buy” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $107.31.

NYSE MAA traded up $0.03 during mid-day trading on Thursday, hitting $108.77. The stock had a trading volume of 1,020 shares, compared to its average volume of 522,839. Mid-America Apartment Communities Inc has a 52-week low of $87.47 and a 52-week high of $109.46. The company has a market capitalization of $12.44 billion, a P/E ratio of 18.00, a PEG ratio of 3.37 and a beta of 0.49. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Mid-America Apartment Communities had a return on equity of 3.41% and a net margin of 14.01%. The firm had revenue of $398.15 million during the quarter, compared to the consensus estimate of $399.19 million. During the same period last year, the business posted $1.50 EPS. Mid-America Apartment Communities’s quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts expect that Mid-America Apartment Communities Inc will post 6.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, April 12th. Mid-America Apartment Communities’s payout ratio is currently 63.58%.

In related news, insider H Eric Bolton, Jr. sold 262 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $97.84, for a total value of $25,634.08. Following the completion of the transaction, the insider now directly owns 224,347 shares of the company’s stock, valued at approximately $21,950,110.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Eric Bolton, Jr. sold 338 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $107.04, for a total value of $36,179.52. Following the completion of the transaction, the chief executive officer now directly owns 222,316 shares of the company’s stock, valued at $23,796,704.64. The disclosure for this sale can be found here. Insiders sold a total of 5,172 shares of company stock valued at $538,182 over the last ninety days. 1.26% of the stock is currently owned by company insiders.

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Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition and development of apartment communities. It operates through the Same Store Communities, and Non-Same Store and Other segments. The Same Store Communities segment focuses on communities that the company has owned and have been stabilized for at least a full twelve months as of the first day of the calendar year.

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

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