Public Employees Retirement Association of Colorado Purchases 722 Shares of Mid-America Apartment Communities Inc (MAA)

Public Employees Retirement Association of Colorado lifted its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 23,959 shares of the real estate investment trust’s stock after buying an additional 722 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Mid-America Apartment Communities were worth $2,409,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its holdings in shares of Mid-America Apartment Communities by 9.6% in the fourth quarter. CIBC Asset Management Inc now owns 12,379 shares of the real estate investment trust’s stock valued at $1,245,000 after acquiring an additional 1,085 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Mid-America Apartment Communities by 21.7% in the fourth quarter. Aperio Group LLC now owns 49,148 shares of the real estate investment trust’s stock valued at $4,942,000 after acquiring an additional 8,766 shares in the last quarter. Dupont Capital Management Corp raised its holdings in shares of Mid-America Apartment Communities by 33.3% in the fourth quarter. Dupont Capital Management Corp now owns 19,539 shares of the real estate investment trust’s stock valued at $1,965,000 after acquiring an additional 4,879 shares in the last quarter. BTR Capital Management Inc. raised its holdings in shares of Mid-America Apartment Communities by 2.3% in the fourth quarter. BTR Capital Management Inc. now owns 68,238 shares of the real estate investment trust’s stock valued at $6,862,000 after acquiring an additional 1,558 shares in the last quarter. Finally, LMR Partners LLP raised its holdings in shares of Mid-America Apartment Communities by 63.1% in the fourth quarter. LMR Partners LLP now owns 6,001 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 2,322 shares in the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

In other Mid-America Apartment Communities news, Director William Reid Sanders purchased 4,100 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $90.98 per share, for a total transaction of $373,018.00. Following the completion of the purchase, the director now owns 13,109 shares of the company’s stock, valued at $1,192,656.82. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Shorb purchased 500 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $86.53 per share, for a total transaction of $43,265.00. Following the purchase, the director now directly owns 4,750 shares of the company’s stock, valued at approximately $411,017.50. The disclosure for this purchase can be found here. Insiders have bought 4,716 shares of company stock worth $426,200 in the last 90 days. Insiders own 1.25% of the company’s stock.

MAA has been the subject of several recent research reports. Royal Bank of Canada restated a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Stifel Nicolaus decreased their price objective on Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating for the company in a report on Friday, October 27th. Zacks Investment Research lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Mizuho reiterated a “hold” rating and issued a $110.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, November 6th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $109.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $106.15.

Mid-America Apartment Communities Inc (NYSE:MAA) opened at $87.85 on Thursday. Mid-America Apartment Communities Inc has a 52 week low of $85.30 and a 52 week high of $110.95. The stock has a market capitalization of $9,969.63, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.07 and a beta of 0.28.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were paid a $0.9225 dividend. This represents a $3.69 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s payout ratio is 129.02%.

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About Mid-America Apartment Communities

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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