Advisor Partners LLC increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,096 shares of the real estate investment trust’s stock after buying an additional 68 shares during the period. Advisor Partners LLC’s holdings in Mid-America Apartment Communities were worth $432,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Creative Planning increased its stake 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 period. Chickasaw Capital Management LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth about $203,000. Commerzbank Aktiengesellschaft FI bought a new stake in Mid-America Apartment Communities during the first quarter worth about $217,000. Rehmann Capital Advisory Group bought a new stake in Mid-America Apartment Communities during the first quarter worth about $227,000. Finally, Park Avenue Securities LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth about $239,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

Shares of Mid-America Apartment Communities, Inc. (MAA) opened at 104.36 on Wednesday. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 48.25 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 stock has a 50 day moving average of $104.11 and a 200-day moving average of $101.40.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The firm had revenue of $382.80 million during the quarter, compared to analyst estimates of $382.17 million. During the same period last year, the firm posted $1.54 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities analysts expect that Mid-America Apartment Communities, Inc. will post $1.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were given a $0.87 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $3.48 dividend on an annualized basis and a yield of 3.33%. Mid-America Apartment Communities’s dividend payout ratio is presently 148.72%.

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MAA has been the subject of several recent research reports. BidaskClub upgraded shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. UBS AG downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 target price for the company. in a research note on Thursday, July 6th. Barclays PLC reiterated 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 note on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $112.00 target price on shares of Mid-America Apartment Communities in a research note on Wednesday. Finally, Zacks Investment Research downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $108.83.

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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