New Mexico Educational Retirement Board reduced its stake in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 26,244 shares of the real estate investment trust’s stock after selling 900 shares during the period. New Mexico Educational Retirement Board’s holdings in Mid-America Apartment Communities were worth $2,717,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. First Manhattan Co. boosted its stake in Mid-America Apartment Communities by 2.4% in the first quarter. First Manhattan Co. now owns 54,660 shares of the real estate investment trust’s stock valued at $5,137,000 after buying an additional 1,300 shares in the last quarter. Gilman Hill Asset Management LLC boosted its stake in Mid-America Apartment Communities by 6.2% in the first quarter. Gilman Hill Asset Management LLC now owns 5,233 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 305 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Mid-America Apartment Communities by 3.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 89 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Mid-America Apartment Communities by 114.6% in the first quarter. Nationwide Fund Advisors now owns 245,115 shares of the real estate investment trust’s stock valued at $24,938,000 after buying an additional 130,895 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Mid-America Apartment Communities by 2.0% in the first quarter. Retirement Systems of Alabama now owns 54,886 shares of the real estate investment trust’s stock valued at $5,584,000 after buying an additional 1,078 shares in the last quarter. 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 105.09 on Thursday. The firm’s 50-day moving average price is $103.63 and its 200 day moving average price is $101.62. Mid-America Apartment Communities Inc has a 1-year low of $85.04 and a 1-year high of $110.95. The firm has a market cap of $11.94 billion, a PE ratio of 48.59 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. Mid-America Apartment Communities had a return on equity of 3.00% and a net margin of 13.02%. The company had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. During the same quarter in the prior year, the company posted $1.54 EPS. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts forecast that Mid-America Apartment Communities Inc will post $1.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Wednesday, July 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 148.72%.

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Several equities research analysts recently commented on the company. BidaskClub raised Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. UBS AG cut Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price target for the company. in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $112.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $115.00 price target on shares of Mid-America Apartment Communities in a report on Monday, July 10th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Mid-America Apartment Communities currently 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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