Timber Hill LLC purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,041 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC raised its stake in shares of Mid-America Apartment Communities by 9.2% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 6,193 shares of the real estate investment trust’s stock valued at $662,000 after purchasing an additional 520 shares during the period. Forsta AP Fonden raised its stake in shares of Mid-America Apartment Communities by 35.0% in the 3rd quarter. Forsta AP Fonden now owns 47,100 shares of the real estate investment trust’s stock valued at $5,034,000 after purchasing an additional 12,200 shares during the period. GAM Holding AG raised its stake in shares of Mid-America Apartment Communities by 2.4% in the 2nd quarter. GAM Holding AG now owns 15,525 shares of the real estate investment trust’s stock valued at $1,636,000 after purchasing an additional 365 shares during the period. Aviva PLC raised its stake in shares of Mid-America Apartment Communities by 1.2% in the 2nd quarter. Aviva PLC now owns 70,978 shares of the real estate investment trust’s stock valued at $7,481,000 after purchasing an additional 860 shares during the period. Finally, Brookfield Asset Management Inc. acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $158,747,000. 92.34% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on MAA. Cantor Fitzgerald reissued a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Monday, November 13th. Robert W. Baird reissued a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, November 10th. Mizuho reissued a “hold” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Monday, November 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $109.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $110.33.

In other Mid-America Apartment Communities news, Director William Reid Sanders purchased 7,000 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the acquisition, the director now owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David P. Stockert sold 6,872 shares of Mid-America Apartment Communities stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total value of $730,768.48. Following the transaction, the director now owns 77,180 shares of the company’s stock, valued at approximately $8,207,321.20. The disclosure for this sale can be found here. Company insiders own 1.25% of the company’s stock.

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Mid-America Apartment Communities, Inc. (MAA) traded down $0.78 during trading hours on Friday, hitting $102.36. The company had a trading volume of 948,698 shares, compared to its average volume of 680,778. Mid-America Apartment Communities, Inc. has a twelve month low of $87.59 and a twelve month high of $110.95. The firm has a market capitalization of $11,540.00, a P/E ratio of 17.50, a P/E/G ratio of 2.51 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.61. Mid-America Apartment Communities had a return on equity of 4.22% and a net margin of 16.73%. The business had revenue of $384.60 million during the quarter, compared to analysts’ expectations of $386.96 million. During the same quarter last year, the company posted $1.47 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up 38.9% on a year-over-year basis. equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 5.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Thursday, October 12th. Mid-America Apartment Communities’s payout ratio is currently 156.76%.

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.

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

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