Commonwealth Equity Services LLC Has $578,000 Holdings in Mid-America Apartment Communities Inc (MAA)

Commonwealth Equity Services LLC trimmed its stake in Mid-America Apartment Communities Inc (NYSE:MAA) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,777 shares of the real estate investment trust’s stock after selling 884 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Mid-America Apartment Communities were worth $578,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Mid-America Apartment Communities by 0.5% during the second quarter. BlackRock Inc. now owns 11,025,469 shares of the real estate investment trust’s stock valued at $1,109,933,000 after purchasing an additional 58,754 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Mid-America Apartment Communities by 3.0% during the second quarter. OppenheimerFunds Inc. now owns 2,524,935 shares of the real estate investment trust’s stock valued at $254,185,000 after purchasing an additional 73,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mid-America Apartment Communities by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,764,302 shares of the real estate investment trust’s stock valued at $177,615,000 after purchasing an additional 21,184 shares in the last quarter. Cbre Clarion Securities LLC lifted its holdings in shares of Mid-America Apartment Communities by 490.5% during the second quarter. Cbre Clarion Securities LLC now owns 1,670,247 shares of the real estate investment trust’s stock valued at $168,144,000 after purchasing an additional 1,387,389 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Mid-America Apartment Communities by 8.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,613,060 shares of the real estate investment trust’s stock valued at $161,596,000 after purchasing an additional 131,142 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of MAA opened at $103.42 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 2.39 and a beta of 0.31. Mid-America Apartment Communities Inc has a 52 week low of $85.16 and a 52 week high of $104.98.



Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.04). The company had revenue of $397.10 million during the quarter, compared to analysts’ expectations of $393.76 million. Mid-America Apartment Communities had a return on equity of 4.36% and a net margin of 18.20%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS. As a group, research analysts anticipate that Mid-America Apartment Communities Inc will post 6.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th will be given a $0.96 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Monday, January 14th. This represents a $3.84 dividend on an annualized basis and a yield of 3.71%. Mid-America Apartment Communities’s dividend payout ratio is presently 62.12%.

A number of research analysts have recently issued reports on the company. Barclays reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a report on Wednesday, November 28th. Capital One Financial reaffirmed an “equal weight” rating on shares of Mid-America Apartment Communities in a report on Friday, October 19th. Scotiabank initiated coverage on Mid-America Apartment Communities in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Citigroup set a $105.00 price objective on Mid-America Apartment Communities and gave the company a “hold” rating in a research report on Monday, November 5th. Finally, SunTrust Banks reiterated a “buy” rating and set a $105.00 price objective on shares of Mid-America Apartment Communities in a research report on Thursday, August 9th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $102.59.

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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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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

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