Westwood Holdings Group Inc. cut its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.6% during the first quarter, Holdings Channel reports. The fund owned 9,458 shares of the real estate investment trust’s stock after selling 565 shares during the period. Westwood Holdings Group Inc.’s holdings in Mid-America Apartment Communities were worth $962,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MAA. BlueCrest Capital Management Ltd bought a new position in Mid-America Apartment Communities during the first quarter worth about $285,000. Gotham Asset Management LLC bought a new position in Mid-America Apartment Communities during the first quarter worth about $1,374,000. State Street Corp increased its position in Mid-America Apartment Communities by 2.0% in the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock worth $684,403,000 after buying an additional 134,757 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Mid-America Apartment Communities during the first quarter worth about $776,000. Finally, Dynamic Capital Management Ltd bought a new position in Mid-America Apartment Communities during the first quarter worth about $850,000. 93.10% of the stock is owned by institutional investors.

Shares of Mid-America Apartment Communities, Inc. (MAA) traded down 1.04% during trading on Tuesday, hitting $107.47. 158,866 shares of the company’s stock were exchanged. Mid-America Apartment Communities, Inc. has a one year low of $85.04 and a one year high of $110.95. The firm has a 50-day moving average price of $102.77 and a 200-day moving average price of $99.63. The stock has a market cap of $12.21 billion, a P/E ratio of 45.54 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.44 by $0.02. The firm had revenue of $375.91 million during the quarter, compared to analyst estimates of $358.74 million. Mid-America Apartment Communities had a net margin of 17.03% and a return on equity of 5.02%. Mid-America Apartment Communities’s revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post $1.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, July 14th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $3.48 annualized dividend and a dividend yield of 3.20%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 139.76%.

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A number of research firms recently issued reports on MAA. 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. Royal Bank Of Canada reissued a “buy” rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. Barclays PLC reissued an “overweight” rating and issued a $117.00 price target (up from $116.00) on shares of Mid-America Apartment Communities in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC increased their price target on shares of Mid-America Apartment Communities from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 30th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $108.00.

In other news, Director Gary Shorb acquired 500 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average price of $98.90 per share, for a total transaction of $49,450.00. Following the purchase, the director now directly owns 4,250 shares in the company, valued at approximately $420,325. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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