Rothschild Asset Management Inc. grew its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,097 shares of the real estate investment trust’s stock after purchasing an additional 3,889 shares during the period. Rothschild Asset Management Inc. owned about 0.13% of Mid-America Apartment Communities worth $15,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ING Groep NV lifted its stake in Mid-America Apartment Communities by 0.4% in the 2nd quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock worth $613,000 after acquiring an additional 22 shares in the last quarter. BB&T Corp lifted its stake in Mid-America Apartment Communities by 0.9% in the 2nd quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock worth $560,000 after acquiring an additional 47 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Mid-America Apartment Communities by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock worth $809,000 after acquiring an additional 58 shares in the last quarter. Advisor Partners LLC lifted its stake in Mid-America Apartment Communities by 1.7% in the 2nd quarter. Advisor Partners LLC now owns 4,096 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 68 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Mid-America Apartment Communities by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 4,963 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 83 shares in the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

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Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) traded down $0.47 during mid-day trading on Friday, reaching $104.12. The company’s stock had a trading volume of 430,900 shares, compared to its average volume of 676,704. The firm has a market cap of $11,830.84, a price-to-earnings ratio of 17.53, a P/E/G ratio of 2.52 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a 12 month low of $87.59 and a 12 month high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.61. The business had revenue of $384.60 million for the quarter, compared to analyst estimates of $386.96 million. Mid-America Apartment Communities had a return on equity of 4.22% and a net margin of 16.73%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. sell-side analysts forecast that Mid-America Apartment Communities, Inc. will post 5.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders 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 dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, October 12th. Mid-America Apartment Communities’s dividend payout ratio is 156.76%.

In other news, Director David P. Stockert sold 6,872 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Reid Sanders acquired 7,000 shares of the stock in a transaction dated Friday, October 27th. The shares were bought at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the acquisition, the director now owns 8,209 shares in the company, valued at approximately $821,802.99. The disclosure for this purchase can be found here. Corporate insiders own 1.25% of the company’s stock.

Several equities research analysts recently issued reports on MAA shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $109.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 target price on shares of Mid-America Apartment Communities in a research report on Thursday, July 27th. Stifel Nicolaus started coverage on Mid-America Apartment Communities in a research report on Thursday, August 31st. They issued a “hold” rating and a $113.00 target price on the stock. BTIG Research raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 target price on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mid-America Apartment Communities presently has an average rating of “Buy” and a consensus target price of $110.33.

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

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