Oppenheimer & Co. Inc. increased its position in shares of Mid-America Apartment Communities Inc. (NYSE:MAA) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 41,155 shares of the real estate investment trust’s stock after buying an additional 47 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mid-America Apartment Communities were worth $3,868,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAA. Vanguard Group Inc. boosted its stake in shares of Mid-America Apartment Communities by 3.0% in the second quarter. Vanguard Group Inc. now owns 11,555,159 shares of the real estate investment trust’s stock worth $1,229,468,000 after buying an additional 337,159 shares during the last quarter. State Street Corp boosted its stake in shares of Mid-America Apartment Communities by 3.8% in the second quarter. State Street Corp now owns 3,689,578 shares of the real estate investment trust’s stock worth $392,571,000 after buying an additional 136,144 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Mid-America Apartment Communities by 4.7% in the second quarter. BlackRock Fund Advisors now owns 3,229,689 shares of the real estate investment trust’s stock worth $343,639,000 after buying an additional 145,382 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Mid-America Apartment Communities by 41.4% in the third quarter. JPMorgan Chase & Co. now owns 3,196,899 shares of the real estate investment trust’s stock worth $300,477,000 after buying an additional 935,745 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Mid-America Apartment Communities by 11.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,544,647 shares of the real estate investment trust’s stock worth $164,350,000 after buying an additional 159,036 shares during the last quarter. 98.05% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

Mid-America Apartment Communities Inc. (NYSE:MAA) traded up 1.68% during trading on Tuesday, hitting $93.81. The stock had a trading volume of 1,501,328 shares. The firm has a market cap of $7.09 billion, a PE ratio of 32.80 and a beta of 0.33. The company’s 50-day moving average is $91.22 and its 200 day moving average is $97.57. Mid-America Apartment Communities Inc. has a 52 week low of $82.91 and a 52 week high of $110.01.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.49. Mid-America Apartment Communities had a return on equity of 6.87% and a net margin of 19.96%. The company earned $276.90 million during the quarter, compared to the consensus estimate of $275.82 million. During the same period last year, the business earned $1.38 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts expect that Mid-America Apartment Communities Inc. will post $5.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Wednesday, October 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 115.49%.

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A number of analysts have recently issued reports on MAA shares. JMP Securities upgraded Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Thursday, October 20th. They noted that the move was a valuation call. SunTrust Banks Inc. upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a report on Friday, August 19th. Jefferies Group upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and upped their price target for the stock from $109.00 to $113.00 in a report on Thursday, October 20th. Zacks Investment Research upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Thursday, October 20th. Finally, Citigroup Inc. upped their price target on Mid-America Apartment Communities from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $106.42.

Mid-America Apartment Communities Company Profile

5 Day Chart for NYSE:MAA

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