Strs Ohio Sells 2,159 Shares of Mid-America Apartment Communities, Inc. (MAA)

Strs Ohio cut its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,690 shares of the real estate investment trust’s stock after selling 2,159 shares during the period. Strs Ohio owned approximately 0.15% of Mid-America Apartment Communities worth $10,591,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAA. Point72 Asia Hong Kong Ltd purchased a new position in Mid-America Apartment Communities during the second quarter valued at about $104,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in Mid-America Apartment Communities during the second quarter valued at about $149,000. Bessemer Group Inc. boosted its position in Mid-America Apartment Communities by 99.6% in the second quarter. Bessemer Group Inc. now owns 1,459 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 728 shares in the last quarter. First New York Securities LLC NY purchased a new position in Mid-America Apartment Communities during the third quarter valued at about $214,000. Finally, 1st Global Advisors Inc. boosted its position in Mid-America Apartment Communities by 7.6% in the second quarter. 1st Global Advisors Inc. now owns 2,316 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 164 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) traded down 0.9522% during midday trading on Wednesday, hitting $95.7099. 113,720 shares of the stock were exchanged. Mid-America Apartment Communities, Inc. has a 12-month low of $82.91 and a 12-month high of $110.01. The firm has a 50-day moving average price of $94.27 and a 200 day moving average price of $96.24. The firm has a market cap of $7.23 billion, a PE ratio of 33.4650 and a beta of 0.31.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. Mid-America Apartment Communities had a net margin of 19.96% and a return on equity of 6.87%. The firm had revenue of $276.90 million for the quarter, compared to analyst estimates of $275.82 million. During the same period last year, the firm posted $1.38 EPS. Mid-America Apartment Communities’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts predict that Mid-America Apartment Communities, Inc. will post $2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.57%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.82. The ex-dividend date is Wednesday, January 11th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 115.49%.

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Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets upgraded shares of Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $104.00 price objective for the company in a research report on Wednesday, November 30th. They noted that the move was a valuation call. Royal Bank Of Canada upgraded shares of Mid-America Apartment Communities from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from $106.00 to $103.00 in a research report on Tuesday, December 13th. Jefferies Group upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price objective for the stock from $109.00 to $113.00 in a research report on Thursday, October 20th. Finally, DA Davidson upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $106.00 to $105.00 in a research report on Monday, October 17th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Mid-America Apartment Communities presently has an average rating of “Buy” and an average target price of $106.07.

About Mid-America Apartment Communities

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