Hallmark Capital Management Inc. decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,735 shares of the real estate investment trust’s stock after selling 1,200 shares during the period. Hallmark Capital Management Inc.’s holdings in Mid-America Apartment Communities were worth $1,447,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Mid-America Apartment Communities by 2.0% in the first quarter. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust’s stock worth $2,006,709,000 after buying an additional 391,852 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Mid-America Apartment Communities by 2,003.1% in the first quarter. BlackRock Inc. now owns 10,265,099 shares of the real estate investment trust’s stock worth $1,044,371,000 after buying an additional 9,777,008 shares in the last quarter. State Street Corp boosted 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mid-America Apartment Communities by 6.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,656,631 shares of the real estate investment trust’s stock worth $168,545,000 after buying an additional 104,406 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Mid-America Apartment Communities by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,576,274 shares of the real estate investment trust’s stock worth $160,370,000 after buying an additional 20,298 shares in the last quarter. Institutional investors own 92.30% of the company’s stock.

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at 104.02 on Tuesday. Mid-America Apartment Communities, Inc. has a 12 month low of $85.04 and a 12 month high of $110.95. The company’s 50 day moving average price is $104.55 and its 200 day moving average price is $101.35. The company has a market capitalization of $11.82 billion, a P/E ratio of 48.09 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The business had revenue of $382.80 million during the quarter, compared to the consensus estimate of $382.17 million. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. Analysts expect that Mid-America Apartment Communities, Inc. will post $1.73 EPS for the current fiscal year.

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

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MAA has been the topic of a number of recent analyst reports. BidaskClub lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and set a $117.00 target price (up from $116.00) on shares of Mid-America Apartment Communities in a report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and set a $115.00 target price on shares of Mid-America Apartment Communities in a report on Monday, July 10th. Zacks Investment Research lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $107.62.

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.

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

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