Mid-America Apartment Communities, Inc. (MAA) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd grew its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 40.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 105,351 shares of the real estate investment trust’s stock after acquiring an additional 30,600 shares during the period. AMP Capital Investors Ltd owned about 0.09% of Mid-America Apartment Communities worth $11,261,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MAA. Korea Investment CORP boosted its position in shares of Mid-America Apartment Communities by 92.1% in the 2nd quarter. Korea Investment CORP now owns 17,554 shares of the real estate investment trust’s stock worth $1,850,000 after purchasing an additional 8,418 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Mid-America Apartment Communities by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 4,963 shares of the real estate investment trust’s stock worth $523,000 after purchasing an additional 83 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Mid-America Apartment Communities by 9.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,168,171 shares of the real estate investment trust’s stock worth $123,102,000 after purchasing an additional 101,059 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Mid-America Apartment Communities by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 220,543 shares of the real estate investment trust’s stock worth $23,241,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its position in shares of Mid-America Apartment Communities by 46.0% in the 2nd quarter. Dupont Capital Management Corp now owns 14,660 shares of the real estate investment trust’s stock worth $1,545,000 after purchasing an additional 4,621 shares in the last quarter. Hedge funds and other institutional investors own 92.97% of the company’s stock.

A number of analysts have recently commented on MAA shares. SunTrust Banks reissued a “buy” rating and issued a $109.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Raymond James Financial reissued a “market perform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, November 29th. Stifel Nicolaus started coverage on Mid-America Apartment Communities in a research report on Thursday, August 31st. They issued a “hold” rating and a $113.00 price target on the stock. BTIG Research raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mid-America Apartment Communities currently has an average rating of “Buy” and an average price target of $110.50.

In other Mid-America Apartment Communities news, Director William Reid Sanders acquired 7,000 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were acquired at an average cost of $100.11 per share, with a total value of $700,770.00. Following the transaction, the director now owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.25% of the company’s stock.

Mid-America Apartment Communities, Inc. (NYSE MAA) traded up $0.86 during mid-day trading on Monday, reaching $103.13. The company had a trading volume of 493,900 shares, compared to its average volume of 673,358. The company has a market cap of $11,718.35, a PE ratio of 17.36, a PEG ratio of 2.49 and a beta of 0.34. Mid-America Apartment Communities, Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.61. The business had revenue of $384.60 million for the quarter, compared to analysts’ expectations of $386.96 million. Mid-America Apartment Communities had a return on equity of 4.22% and a net margin of 16.73%. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. research analysts forecast that Mid-America Apartment Communities, Inc. will post 5.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a $0.9225 dividend. The ex-dividend date is Thursday, January 11th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. This represents a $3.69 annualized dividend and a yield of 3.58%. Mid-America Apartment Communities’s dividend payout ratio is 156.76%.

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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.

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

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