Fort Washington Investment Advisors Inc. OH cut its holdings in Mid-America Apartment Communities Inc (NYSE:MAA) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,126 shares of the real estate investment trust’s stock after selling 2,900 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Mid-America Apartment Communities were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of MAA. Cbre Clarion Securities LLC raised its holdings in Mid-America Apartment Communities by 490.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 1,670,247 shares of the real estate investment trust’s stock worth $168,144,000 after acquiring an additional 1,387,389 shares during the last quarter. Centersquare Investment Management LLC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $74,941,000. AMP Capital Investors Ltd raised its stake in Mid-America Apartment Communities by 494.9% during the 2nd quarter. AMP Capital Investors Ltd now owns 619,040 shares of the real estate investment trust’s stock valued at $62,320,000 after buying an additional 514,981 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Mid-America Apartment Communities by 1,097.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 385,973 shares of the real estate investment trust’s stock valued at $38,935,000 after buying an additional 353,733 shares during the last quarter. Finally, Adelante Capital Management LLC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $21,007,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on MAA. Scotiabank started coverage on shares of Mid-America Apartment Communities in a report on Tuesday, October 16th. They issued a “sector perform” rating for the company. Robert W. Baird reissued a “buy” rating and set a $105.00 price objective on shares of Mid-America Apartment Communities in a report on Thursday, August 16th. Capital One Financial reissued an “equal weight” rating on shares of Mid-America Apartment Communities in a report on Friday, October 19th. Barclays reissued a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, October 14th. Finally, Citigroup set a $105.00 target price on shares of Mid-America Apartment Communities and gave the company a “hold” rating in a research report on Monday, November 5th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $102.59.

Shares of NYSE:MAA traded down $1.58 during trading on Friday, reaching $101.84. 869,366 shares of the company were exchanged, compared to its average volume of 520,267. The firm has a market cap of $11.77 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.44 and a beta of 0.31. Mid-America Apartment Communities Inc has a 12-month low of $85.16 and a 12-month high of $104.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.17 and a current ratio of 0.17.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($1.04). Mid-America Apartment Communities had a net margin of 18.20% and a return on equity of 4.36%. The business had revenue of $397.10 million for the quarter, compared to the consensus estimate of $393.76 million. During the same quarter in the prior year, the business posted $1.50 earnings per share. Mid-America Apartment Communities’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Mid-America Apartment Communities Inc will post 6.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.77%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. The ex-dividend date is Monday, January 14th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 62.12%.

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Mid-America Apartment Communities Company Profile

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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