Forsta AP Fonden Cuts Holdings in Mid-America Apartment Communities Inc (MAA)

Forsta AP Fonden reduced its position in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,500 shares of the real estate investment trust’s stock after selling 17,600 shares during the period. Forsta AP Fonden’s holdings in Mid-America Apartment Communities were worth $2,967,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Group One Trading L.P. purchased a new stake in Mid-America Apartment Communities during the 3rd quarter worth approximately $209,000. Conning Inc. acquired a new position in shares of Mid-America Apartment Communities during the 4th quarter worth approximately $211,000. IFM Investors Pty Ltd acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $217,000. Timber Hill LLC acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $218,000. Finally, Independent Advisor Alliance acquired a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $227,000. Institutional investors own 92.18% of the company’s stock.

In other Mid-America Apartment Communities news, Director William Reid Sanders acquired 4,100 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $90.98 per share, for a total transaction of $373,018.00. Following the completion of the acquisition, the director now owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Shorb acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $86.53 per share, for a total transaction of $43,265.00. Following the completion of the acquisition, the director now directly owns 4,750 shares of the company’s stock, valued at approximately $411,017.50. The disclosure for this purchase can be found here. Insiders purchased 4,716 shares of company stock worth $426,200 over the last quarter. 1.25% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on MAA. DA Davidson set a $110.00 target price on Mid-America Apartment Communities and gave the stock a “buy” rating in a report on Tuesday, January 30th. Mizuho set a $91.00 target price on Mid-America Apartment Communities and gave the stock a “hold” rating in a report on Friday, February 9th. ValuEngine cut Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Cantor Fitzgerald lowered their target price on Mid-America Apartment Communities from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Finally, Zacks Investment Research cut Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Mid-America Apartment Communities has an average rating of “Buy” and a consensus target price of $106.15.

Mid-America Apartment Communities Inc (NYSE:MAA) opened at $88.98 on Friday. Mid-America Apartment Communities Inc has a twelve month low of $85.30 and a twelve month high of $110.95. The company has a market capitalization of $9,982.13, a P/E ratio of 14.79, a P/E/G ratio of 2.07 and a beta of 0.28.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were issued a $0.9225 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. This represents a $3.69 dividend on an annualized basis and a yield of 4.15%. Mid-America Apartment Communities’s dividend payout ratio is currently 129.02%.

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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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