Great West Life Assurance Co. Can boosted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 13.1% during the second quarter, Holdings Channel reports. The institutional investor owned 156,997 shares of the real estate investment trust’s stock after buying an additional 18,229 shares during the period. Great West Life Assurance Co. Can’s holdings in Mid-America Apartment Communities were worth $16,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAA. State Street Corp raised its position in shares of Mid-America Apartment Communities by 2.0% in the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock valued at $684,403,000 after buying an additional 134,757 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Mid-America Apartment Communities by 88.8% in the fourth quarter. Macquarie Group Ltd. now owns 59,012 shares of the real estate investment trust’s stock valued at $5,778,000 after buying an additional 27,752 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Mid-America Apartment Communities by 7.3% in the first quarter. Pictet Asset Management Ltd. now owns 63,101 shares of the real estate investment trust’s stock valued at $6,420,000 after buying an additional 4,300 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Mid-America Apartment Communities by 5.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 91,366 shares of the real estate investment trust’s stock valued at $9,296,000 after buying an additional 4,824 shares in the last quarter. Finally, Denver Investment Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the first quarter valued at about $1,247,000. 92.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Mid-America Apartment Communities, Inc. (NYSE MAA) opened at 103.76 on Monday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 47.97 and a beta of 0.35. The firm’s 50-day moving average price is $104.55 and its 200 day moving average price is $101.35. Mid-America Apartment Communities, Inc. has a 52 week low of $85.04 and a 52 week high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $382.80 million during the quarter, compared to the consensus estimate of $382.17 million. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. Mid-America Apartment Communities’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Analysts expect that Mid-America Apartment Communities, Inc. will post $1.67 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Wednesday, July 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 148.72%.

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Several research analysts have recently issued reports on MAA shares. BidaskClub lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and issued a $117.00 target price (up previously from $116.00) on shares of Mid-America Apartment Communities in a research report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. Zacks Investment Research lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $107.62.

In other Mid-America Apartment Communities news, Director Gary Shorb acquired 500 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, May 9th. The stock was bought at an average price of $98.90 per share, with a total value of $49,450.00. Following the completion of the purchase, the director now directly owns 4,250 shares of the company’s stock, valued at approximately $420,325. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.25% of the company’s stock.

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.

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

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