Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 1,129 Shares of Mid-America Apartment Communities, Inc. (MAA)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,608 shares of the real estate investment trust’s stock after selling 1,129 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mid-America Apartment Communities were worth $2,951,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its position in Mid-America Apartment Communities by 32.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,542 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 382 shares in the last quarter. Commerce Bank acquired a new stake in Mid-America Apartment Communities in the second quarter valued at approximately $223,000. Parametrica Management Ltd acquired a new stake in Mid-America Apartment Communities in the third quarter valued at approximately $236,000. BB&T Securities LLC acquired a new stake in Mid-America Apartment Communities in the second quarter valued at approximately $237,000. Finally, MAI Capital Management acquired a new stake in Mid-America Apartment Communities in the second quarter valued at approximately $247,000. 91.29% of the stock is owned by institutional investors.

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Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at $102.36 on Monday. Mid-America Apartment Communities, Inc. has a 1 year low of $87.59 and a 1 year high of $110.95. The firm has a market cap of $11,630.86, a P/E ratio of 17.23, a PEG ratio of 2.47 and a beta of 0.35.

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

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

In other Mid-America Apartment Communities news, Director William Reid Sanders acquired 7,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was purchased at an average price of $100.11 per share, with a total value of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares in the company, valued at approximately $821,802.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David P. Stockert sold 6,872 shares of Mid-America Apartment Communities stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the transaction, the director now directly 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. 1.25% of the stock is currently owned by company insiders.

Several analysts have issued reports on MAA shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Stifel Nicolaus lowered their price objective on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, October 27th. ValuEngine downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Mizuho reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Monday, November 6th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $109.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $110.33.

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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