Russell Investments Group Ltd. lifted its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 489.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,991 shares of the real estate investment trust’s stock after purchasing an additional 206,760 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Mid-America Apartment Communities worth $26,614,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted 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 purchasing an additional 382 shares in the last quarter. Commerce Bank acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $223,000. Parametrica Management Ltd acquired a new stake in shares of Mid-America Apartment Communities during the third quarter worth about $236,000. BB&T Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $237,000. Finally, MAI Capital Management acquired a new stake in shares of Mid-America Apartment Communities during the second quarter worth about $247,000. 91.29% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Russell Investments Group Ltd. Raises Stake in Mid-America Apartment Communities, Inc. (MAA)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/russell-investments-group-ltd-raises-stake-in-mid-america-apartment-communities-inc-maa/1724146.html.

Several analysts recently weighed in on the stock. Mizuho reaffirmed a “hold” rating and issued a $106.00 target price on shares of Mid-America Apartment Communities in a report on Sunday, October 15th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Mid-America Apartment Communities in a report on Sunday, September 10th. ValuEngine raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub raised shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, BTIG Research raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Friday, September 8th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $110.33.

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 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 in the company, valued at $8,207,321.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Reid Sanders purchased 7,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was bought at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the purchase, the director now directly owns 8,209 shares of the company’s stock, valued at $821,802.99. The disclosure for this purchase can be found here. Corporate insiders own 1.25% of the company’s stock.

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) traded down $0.47 during trading hours on Friday, reaching $104.12. 430,900 shares of the company traded hands, compared to its average volume of 676,704. The firm has a market capitalization of $11,830.84, a PE ratio of 17.53, a price-to-earnings-growth ratio of 2.52 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a 52-week low of $87.59 and a 52-week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.61. The firm had revenue of $384.60 million for the quarter, compared to analysts’ expectations of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. sell-side analysts predict that Mid-America Apartment Communities, Inc. will post 5.91 EPS for the current fiscal year.

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

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.

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

Receive News & Ratings for Mid-America Apartment Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.