Mid-America Apartment Communities Inc (MAA) Holdings Raised by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,649 shares of the real estate investment trust’s stock after acquiring an additional 707 shares during the quarter. Park Avenue Securities LLC’s holdings in Mid-America Apartment Communities were worth $860,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MAA. Synovus Financial Corp acquired a new stake in Mid-America Apartment Communities during the first quarter worth $129,000. Piedmont Investment Advisors LLC acquired a new stake in Mid-America Apartment Communities during the second quarter worth $134,000. Assetmark Inc. increased its stake in Mid-America Apartment Communities by 497.4% during the first quarter. Assetmark Inc. now owns 1,607 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,338 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new stake in Mid-America Apartment Communities during the first quarter worth $177,000. Finally, Signaturefd LLC acquired a new stake in Mid-America Apartment Communities during the first quarter worth $182,000. 91.66% of the stock is owned by institutional investors.

In related news, Director William Reid Sanders bought 2,800 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was purchased at an average cost of $87.92 per share, with a total value of $246,176.00. Following the purchase, the director now directly owns 15,109 shares of the company’s stock, valued at approximately $1,328,383.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider H Eric Bolton, Jr. bought 1,130 shares of the stock in a transaction that occurred on Friday, May 18th. The shares were bought at an average cost of $88.39 per share, with a total value of $99,880.70. Following the completion of the purchase, the insider now directly owns 220,643 shares in the company, valued at $19,502,634.77. The disclosure for this purchase can be found here. Insiders own 1.26% of the company’s stock.



A number of brokerages have recently weighed in on MAA. ValuEngine raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. SunTrust Banks lifted their price objective on Mid-America Apartment Communities to $102.00 and gave the company a “buy” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. BTIG Research cut Mid-America Apartment Communities from a “buy” rating to a “neutral” rating in a research note on Thursday, May 31st. Finally, Barclays reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Mid-America Apartment Communities in a research note on Tuesday, April 17th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $103.82.

Mid-America Apartment Communities traded down $0.01, hitting $98.65, on Monday, according to Marketbeat. 238,487 shares of the company were exchanged, compared to its average volume of 726,077. Mid-America Apartment Communities Inc has a twelve month low of $85.16 and a twelve month high of $110.24. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.35 and a beta of 0.33. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.21 and a quick ratio of 0.21.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($1.04). Mid-America Apartment Communities had a return on equity of 5.10% and a net margin of 21.72%. The company had revenue of $386.01 million for the quarter, compared to analyst estimates of $384.42 million. During the same period in the previous year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. research analysts anticipate that Mid-America Apartment Communities Inc will post 6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 13th will be paid a dividend of $0.9225 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $3.69 annualized dividend and a yield of 3.74%. Mid-America Apartment Communities’s payout ratio is 62.12%.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities throughout the United States. As of March 31, 2018, MAA had ownership interest in 100,490 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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