Janus Capital Management LLC reduced its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 83.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,707 shares of the real estate investment trust’s stock after selling 178,771 shares during the period. Janus Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $3,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. National Pension Service acquired a new position in Mid-America Apartment Communities during the first quarter worth approximately $11,301,000. Gulf International Bank UK Ltd increased its position in Mid-America Apartment Communities by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 35,090 shares of the real estate investment trust’s stock worth $3,570,000 after buying an additional 500 shares during the last quarter. Creative Planning increased its position in Mid-America Apartment Communities by 50.7% in the first quarter. Creative Planning now owns 1,715 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 577 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Mid-America Apartment Communities by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 98,498 shares of the real estate investment trust’s stock worth $10,021,000 after buying an additional 3,636 shares during the last quarter. Finally, Pensionfund Sabic increased its position in Mid-America Apartment Communities by 8.1% in the first quarter. Pensionfund Sabic now owns 13,350 shares of the real estate investment trust’s stock worth $1,358,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.

Mid-America Apartment Communities, Inc. (NYSE MAA) opened at 100.41 on Monday. The stock has a market cap of $11.40 billion, a P/E ratio of 42.55 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a 1-year low of $85.04 and a 1-year high of $110.95. The company’s 50-day moving average price is $104.54 and its 200-day moving average price is $100.39.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 5.02% and a net margin of 17.03%. Mid-America Apartment Communities’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 earnings per share. Analysts predict that Mid-America Apartment Communities, Inc. will post $1.52 EPS for the current 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 issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.47%. The ex-dividend date is Wednesday, July 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 139.76%.

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A number of research analysts have recently commented on the company. BidaskClub upgraded Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. UBS AG downgraded Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price objective on the stock. in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $115.00 price objective on shares of Mid-America Apartment Communities in a report on Monday, July 10th. Barclays PLC assumed coverage on Mid-America Apartment Communities in a report on Monday, March 27th. They issued an “overweight” rating and a $116.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Mid-America Apartment Communities in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Mid-America Apartment Communities currently has an average rating of “Buy” and an average price target of $107.69.

In other news, Director Gary Shorb acquired 500 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average cost of $98.90 per share, with a total value of $49,450.00. Following the completion of the acquisition, the director now directly owns 4,250 shares in the company, valued at $420,325. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.25% of the stock is owned by insiders.

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.

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

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