Nomura Holdings Inc. Acquires New Position in Mid-America Apartment Communities, Inc. (MAA)

Nomura Holdings Inc. bought a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,580 shares of the real estate investment trust’s stock, valued at approximately $905,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ING Groep NV boosted its stake in Mid-America Apartment Communities by 0.4% during the 2nd quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 22 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of Mid-America Apartment Communities by 1.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 4,057 shares of the real estate investment trust’s stock worth $413,000 after acquiring an additional 45 shares during the period. BB&T Corp raised its holdings in shares of Mid-America Apartment Communities by 0.9% during the 2nd quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock worth $560,000 after acquiring an additional 47 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Mid-America Apartment Communities by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock worth $809,000 after acquiring an additional 58 shares during the period. Finally, Advisor Partners LLC raised its holdings in shares of Mid-America Apartment Communities by 1.7% during the 2nd quarter. Advisor Partners LLC now owns 4,096 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 68 shares during the period. 91.53% of the stock is currently owned by institutional investors.



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In related news, Director David P. Stockert sold 6,872 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the sale, 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 accessible through this link. Company insiders own 1.25% of the company’s stock.

MAA has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $115.00 price target on shares of Mid-America Apartment Communities in a report on Monday, July 10th. BTIG Research upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Friday, September 8th. ValuEngine upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus initiated coverage on Mid-America Apartment Communities in a report on Thursday, August 31st. They set a “hold” rating and a $113.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mid-America Apartment Communities presently has an average rating of “Buy” and an average price target of $109.09.

Shares of Mid-America Apartment Communities, Inc. (MAA) traded up 0.20% during mid-day trading on Friday, reaching $99.92. 142,802 shares of the company traded hands. The company’s 50 day moving average is $107.07 and its 200 day moving average is $104.39. Mid-America Apartment Communities, Inc. has a 52-week low of $87.59 and a 52-week high of $110.95. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 46.20 and a beta of 0.37.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.61. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $386.96 million. Mid-America Apartment Communities had a return on equity of 4.21% and a net margin of 16.73%. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period last year, the business posted $1.47 EPS. On average, equities analysts forecast that Mid-America Apartment Communities, Inc. will post $1.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $3.48 annualized dividend and a dividend yield of 3.49%. Mid-America Apartment Communities’s payout ratio is currently 156.76%.

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.

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

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