Mid-America Apartment Communities, Inc. (MAA) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,566 shares of the real estate investment trust’s stock after selling 5,112 shares during the period. American International Group Inc.’s holdings in Mid-America Apartment Communities were worth $3,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MAA. Shell Asset Management Co. boosted its holdings in shares of Mid-America Apartment Communities by 34.3% during the 2nd quarter. Shell Asset Management Co. now owns 9,097 shares of the real estate investment trust’s stock worth $959,000 after purchasing an additional 2,325 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Mid-America Apartment Communities by 155.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,250 shares of the real estate investment trust’s stock worth $974,000 after purchasing an additional 5,630 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Mid-America Apartment Communities by 3.7% during the 2nd quarter. CIBC Asset Management Inc now owns 11,152 shares of the real estate investment trust’s stock worth $1,175,000 after purchasing an additional 398 shares during the last quarter. Korea Investment CORP boosted its holdings in shares of Mid-America Apartment Communities by 92.1% during the 2nd quarter. Korea Investment CORP now owns 17,554 shares of the real estate investment trust’s stock worth $1,850,000 after purchasing an additional 8,418 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Mid-America Apartment Communities by 1.7% during the 2nd quarter. IFP Advisors Inc now owns 4,963 shares of the real estate investment trust’s stock worth $523,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 92.97% of the company’s stock.

MAA has been the topic of several recent research reports. Royal Bank Of Canada restated a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Stifel Nicolaus lowered their target price on Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, October 27th. ValuEngine lowered shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Mizuho reaffirmed a “hold” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Monday, November 6th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $109.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Mid-America Apartment Communities has an average rating of “Buy” and an average target price of $110.50.

Mid-America Apartment Communities, Inc. (NYSE MAA) traded up $0.92 during mid-day trading on Thursday, hitting $102.33. 472,500 shares of the stock traded hands, compared to its average volume of 674,739. The stock has a market cap of $11,522.91, a price-to-earnings ratio of 17.07, a PEG ratio of 2.45 and a beta of 0.34. Mid-America Apartment Communities, Inc. has a 1 year low of $88.11 and a 1 year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.61. The firm had revenue of $384.60 million for the quarter, compared to analyst estimates of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 EPS. equities research analysts predict that Mid-America Apartment Communities, Inc. will post 5.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be given a $0.9225 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date is Thursday, January 11th. This represents a $3.69 dividend on an annualized basis and a yield of 3.61%. Mid-America Apartment Communities’s payout ratio is presently 156.76%.

In other news, Director William Reid Sanders bought 7,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were bought at an average price of $100.11 per share, with a total value of $700,770.00. Following the completion of the transaction, the director now directly owns 8,209 shares in the company, valued at $821,802.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.25% of the stock is owned by insiders.

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Mid-America Apartment Communities Company 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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