Nomura Asset Management Co. Ltd. decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,940 shares of the real estate investment trust’s stock after selling 460 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Mid-America Apartment Communities worth $5,164,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MAA. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $104,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $149,000. Bessemer Group Inc. increased its stake in shares of Mid-America Apartment Communities by 99.6% in the second quarter. Bessemer Group Inc. now owns 1,459 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 728 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities during the third quarter valued at $153,000. Finally, First New York Securities LLC NY acquired a new stake in shares of Mid-America Apartment Communities during the third quarter valued at $214,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) traded down 1.04% during trading on Friday, reaching $95.11. The company had a trading volume of 108,131 shares. Mid-America Apartment Communities, Inc. has a 1-year low of $82.91 and a 1-year high of $110.01. The firm has a 50-day moving average of $94.56 and a 200 day moving average of $96.23. The firm has a market capitalization of $7.18 billion, a PE ratio of 33.26 and a beta of 0.31.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. The company had revenue of $276.90 million for the quarter, compared to analyst estimates of $275.82 million. Mid-America Apartment Communities had a return on equity of 6.87% and a net margin of 19.96%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 earnings per share. Analysts expect that Mid-America Apartment Communities, Inc. will post $2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be given a $0.87 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.82. The ex-dividend date is Wednesday, January 11th. This represents a $3.48 dividend on an annualized basis and a yield of 3.62%. Mid-America Apartment Communities’s payout ratio is presently 122.54%.

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MAA has been the topic of several recent analyst reports. JMP Securities upgraded Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Thursday, October 20th. They noted that the move was a valuation call. BMO Capital Markets raised Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $104.00 price objective on the stock in a research note on Wednesday, November 30th. They noted that the move was a valuation call. Jefferies Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and increased their price objective for the stock from $109.00 to $113.00 in a research note on Thursday, October 20th. Royal Bank Of Canada raised Mid-America Apartment Communities from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from $106.00 to $103.00 in a research note on Tuesday, December 13th. Finally, Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday, October 20th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $106.07.

About Mid-America Apartment Communities

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