Baker Ellis Asset Management LLC lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,450 shares of the real estate investment trust’s stock after selling 150 shares during the period. Baker Ellis Asset Management LLC’s holdings in Mid-America Apartment Communities were worth $574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAA. Vanguard Group Inc. raised its position in shares of Mid-America Apartment Communities by 2.0% in the first quarter. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust’s stock valued at $2,006,709,000 after buying an additional 391,852 shares in the last quarter. BlackRock Inc. raised its position in shares of Mid-America Apartment Communities by 2,003.1% in the first quarter. BlackRock Inc. now owns 10,265,099 shares of the real estate investment trust’s stock valued at $1,044,371,000 after buying an additional 9,777,008 shares in the last quarter. 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. APG Asset Management US Inc. raised its position in shares of Mid-America Apartment Communities by 7.7% in the second quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock valued at $383,521,000 after buying an additional 260,897 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Mid-America Apartment Communities by 6.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,656,631 shares of the real estate investment trust’s stock valued at $168,545,000 after buying an additional 104,406 shares in the last quarter. 92.30% of the stock is owned by institutional investors and hedge funds.

Shares of Mid-America Apartment Communities, Inc. (MAA) opened at 104.02 on Tuesday. The firm has a market capitalization of $11.82 billion, a P/E ratio of 48.09 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a one year low of $85.04 and a one year high of $110.95. 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 (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. The firm 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%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. On average, equities analysts forecast that Mid-America Apartment Communities, Inc. will post $1.73 earnings per share for the current year.

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

COPYRIGHT VIOLATION WARNING: “Baker Ellis Asset Management LLC Has $574,000 Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/08/baker-ellis-asset-management-llc-has-574000-stake-in-mid-america-apartment-communities-inc-nysemaa.html.

Several research analysts recently issued reports on MAA shares. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 target price on shares of Mid-America Apartment Communities in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, April 27th. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $115.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. Finally, BidaskClub raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $107.62.

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)

Receive News & Ratings for Mid-America Apartment Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.