Swiss National Bank Purchases 5,200 Shares of Mid-America Apartment Communities, Inc. (MAA)

Swiss National Bank increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,076 shares of the real estate investment trust’s stock after acquiring an additional 5,200 shares during the period. Swiss National Bank owned about 462,972.81% of Mid-America Apartment Communities worth $56,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in MAA. Vanguard Group Inc. raised its holdings in Mid-America Apartment Communities by 1.4% during the second quarter. Vanguard Group Inc. now owns 20,004,797 shares of the real estate investment trust’s stock valued at $2,108,105,000 after buying an additional 280,900 shares in the last quarter. BlackRock Inc. raised its holdings in Mid-America Apartment Communities by 1.7% during the second quarter. BlackRock Inc. now owns 10,441,227 shares of the real estate investment trust’s stock valued at $1,100,295,000 after buying an additional 176,128 shares in the last quarter. APG Asset Management US Inc. raised its holdings in Mid-America Apartment Communities by 7.7% during the second quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock valued at $383,521,000 after buying an additional 260,897 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Mid-America Apartment Communities by 90.7% during the second quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock valued at $253,615,000 after buying an additional 1,144,768 shares in the last quarter. Finally, Cbre Clarion Securities LLC raised its holdings in Mid-America Apartment Communities by 3.1% during the second quarter. Cbre Clarion Securities LLC now owns 1,934,644 shares of the real estate investment trust’s stock valued at $203,873,000 after buying an additional 58,353 shares in the last quarter. Institutional investors and hedge funds own 92.34% of the company’s stock.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of Mid-America Apartment Communities stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the sale, the director now directly owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Reid Sanders acquired 7,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The disclosure for this purchase can be found here. 1.25% of the stock is owned by company insiders.

Shares of Mid-America Apartment Communities, Inc. (NYSE MAA) opened at $106.03 on Tuesday. Mid-America Apartment Communities, Inc. has a 1 year low of $87.59 and a 1 year high of $110.95. The firm has a market capitalization of $11,984.24, a PE ratio of 17.76, a P/E/G ratio of 2.55 and a beta of 0.35.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, October 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 156.76%.

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Several equities analysts have weighed in on MAA shares. BTIG Research upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Friday, September 8th. ValuEngine upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and set a $120.00 target price on shares of Mid-America Apartment Communities in a report on Sunday, September 10th. Mizuho restated a “hold” rating and set a $106.00 target price on shares of Mid-America Apartment Communities in a report on Sunday, October 15th. Finally, Zacks Investment Research downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Mid-America Apartment Communities currently has an average rating of “Buy” and a consensus target price of $110.33.

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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