Keybank National Association OH Has $2.63 Million Position in Mid-America Apartment Communities Inc (NYSE:MAA)

Keybank National Association OH reduced its position in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,303 shares of the real estate investment trust’s stock after selling 781 shares during the period. Keybank National Association OH’s holdings in Mid-America Apartment Communities were worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hexavest Inc. acquired a new stake in Mid-America Apartment Communities during the 2nd quarter worth approximately $24,133,000. State Board of Administration of Florida Retirement System raised its holdings in Mid-America Apartment Communities by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 161,609 shares of the real estate investment trust’s stock valued at $17,669,000 after acquiring an additional 1,270 shares in the last quarter. FMR LLC raised its holdings in Mid-America Apartment Communities by 28.2% in the 1st quarter. FMR LLC now owns 1,352,227 shares of the real estate investment trust’s stock valued at $147,839,000 after acquiring an additional 297,563 shares in the last quarter. Crawford Investment Counsel Inc. raised its holdings in Mid-America Apartment Communities by 1.6% in the 1st quarter. Crawford Investment Counsel Inc. now owns 103,052 shares of the real estate investment trust’s stock valued at $11,267,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Duality Advisers LP acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at $616,000. 92.31% of the stock is owned by institutional investors and hedge funds.

Shares of Mid-America Apartment Communities stock traded up $1.72 during trading on Friday, reaching $125.25. 179,648 shares of the company’s stock were exchanged, compared to its average volume of 629,843. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.13 and a current ratio of 0.13. Mid-America Apartment Communities Inc has a 1-year low of $91.21 and a 1-year high of $125.31. The company has a market cap of $14.17 billion, a P/E ratio of 20.74, a PEG ratio of 5.09 and a beta of 0.39. The firm’s 50-day moving average price is $120.61 and its 200 day moving average price is $112.33.



The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a dividend of $0.96 per share. The ex-dividend date was Friday, July 12th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.07%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 63.58%.

In other news, Director David P. Stockert sold 2,047 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the transaction, the director now owns 65,240 shares of the company’s stock, valued at approximately $7,883,601.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.

Several equities analysts have weighed in on MAA shares. Royal Bank of Canada lifted their price objective on Mid-America Apartment Communities from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, May 20th. KeyCorp lifted their price objective on Mid-America Apartment Communities from $112.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Monday, May 13th. SunTrust Banks lifted their price objective on Mid-America Apartment Communities to $120.00 and gave the company a “positive” rating in a report on Wednesday, June 19th. They noted that the move was a valuation call. Finally, Scotiabank cut Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and dropped their price objective for the company from $114.00 to $107.00 in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $113.12.

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 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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