Telemus Capital LLC Has $1,686,000 Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Telemus Capital LLC continued to hold its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the real estate investment trust’s stock at the end of the second quarter. Telemus Capital LLC’s holdings in Mid-America Apartment Communities were worth $1,686,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake 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 worth $684,403,000 after buying an additional 134,757 shares during the period. Macquarie Group Ltd. increased its position in 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 worth $5,778,000 after buying an additional 27,752 shares in the last quarter. Pictet Asset Management Ltd. increased its position in 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 worth $6,420,000 after buying an additional 4,300 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in 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 worth $9,296,000 after buying an additional 4,824 shares in the last quarter. Finally, Denver Investment Advisors LLC acquired a new position in Mid-America Apartment Communities during the first quarter worth $1,247,000. 92.22% of the stock is owned by institutional investors.

Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at 103.94 on Friday. The firm has a 50 day moving average of $104.55 and a 200-day moving average of $101.35. The company has a market capitalization of $11.81 billion, a P/E ratio of 48.05 and a beta of 0.35. 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 posted its quarterly 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 company had revenue of $382.80 million for the quarter, compared to the consensus estimate of $382.17 million. During the same period last year, the company posted $1.54 EPS. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, analysts forecast that Mid-America Apartment Communities, Inc. will post $1.67 earnings per share for the current year.

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

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

In related news, Director Gary Shorb purchased 500 shares of Mid-America Apartment Communities stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of $98.90 per share, for a total transaction of $49,450.00. Following the purchase, the director now owns 4,250 shares in the company, valued at approximately $420,325. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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