Teachers Retirement System of The State of Kentucky cut its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,698 shares of the real estate investment trust’s stock after selling 600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mid-America Apartment Communities were worth $1,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MAA. BlackRock Inc. grew its position in shares of Mid-America Apartment Communities by 2,003.1% during the first quarter. BlackRock Inc. now owns 10,265,099 shares of the real estate investment trust’s stock worth $1,044,371,000 after acquiring an additional 9,777,008 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Mid-America Apartment Communities by 90.7% during the second quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock worth $253,615,000 after acquiring an additional 1,144,768 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Mid-America Apartment Communities by 48.9% during the first quarter. Renaissance Technologies LLC now owns 1,433,141 shares of the real estate investment trust’s stock worth $145,808,000 after acquiring an additional 470,800 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Mid-America Apartment Communities by 2.0% during the first quarter. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust’s stock worth $2,006,709,000 after acquiring an additional 391,852 shares during the last quarter. Finally, Standard Life Investments LTD grew its position in shares of Mid-America Apartment Communities by 202.1% during the second quarter. Standard Life Investments LTD now owns 557,660 shares of the real estate investment trust’s stock worth $58,775,000 after acquiring an additional 373,083 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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Mid-America Apartment Communities, Inc. (NYSE MAA) opened at 108.26 on Friday. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 50.05 and a beta of 0.37. The company has a 50-day moving average of $107.05 and a 200-day moving average of $103.88. Mid-America Apartment Communities, Inc. has a 52-week low of $85.04 and a 52-week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The business had revenue of $382.80 million for the quarter, compared to analyst estimates 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 in the prior year, the company posted $1.54 EPS. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post $1.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, October 12th. This represents a $3.48 dividend on an annualized basis and a yield of 3.21%. Mid-America Apartment Communities’s payout ratio is currently 148.72%.

In related news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 77,180 shares in the company, valued at approximately $8,207,321.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.25% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on MAA shares. BidaskClub lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and set a $115.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. BTIG Research upgraded 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 research report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $112.00 target price on shares of Mid-America Apartment Communities in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average 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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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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