Mid-America Apartment Communities, Inc. (MAA) Position Maintained by Diversified Trust Co

Diversified Trust Co maintained its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the second quarter, Holdings Channel reports. The fund owned 3,439 shares of the real estate investment trust’s stock at the end of the second quarter. Diversified Trust Co’s holdings in Mid-America Apartment Communities were worth $362,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in shares of Mid-America Apartment Communities by 8.6% in the first quarter. Capstone Asset Management Co. now owns 11,729 shares of the real estate investment trust’s stock valued at $1,193,000 after buying an additional 929 shares during the period. National Pension Service bought a new stake in shares of Mid-America Apartment Communities during the first quarter valued at approximately $11,301,000. Gulf International Bank UK Ltd boosted its stake in shares of Mid-America Apartment Communities by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 35,090 shares of the real estate investment trust’s stock valued at $3,570,000 after buying an additional 500 shares during the period. Creative Planning boosted its stake in shares of Mid-America Apartment Communities by 50.7% in the first quarter. Creative Planning now owns 1,715 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 577 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Mid-America Apartment Communities by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 98,498 shares of the real estate investment trust’s stock valued at $10,021,000 after buying an additional 3,636 shares during the period. Hedge funds and other institutional investors own 91.88% of the company’s stock.

Mid-America Apartment Communities, Inc. (MAA) traded up 0.51% during trading on Thursday, hitting $101.82. 108,866 shares of the stock were exchanged. Mid-America Apartment Communities, Inc. has a 12-month low of $85.04 and a 12-month high of $110.95. The firm has a market cap of $11.56 billion, a PE ratio of 43.14 and a beta of 0.35. The stock’s 50-day moving average price is $105.29 and its 200-day moving average price is $100.99.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. Mid-America Apartment Communities had a net margin of 17.03% and a return on equity of 5.02%. The company had revenue of $375.91 million during the quarter, compared to analyst estimates of $358.74 million. During the same period in the prior year, the firm earned $1.50 earnings per share. The business’s quarterly revenue was up 39.7% on a year-over-year basis. On average, equities analysts expect that Mid-America Apartment Communities, Inc. will post $1.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, July 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 139.76%.

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Several analysts recently commented on the stock. BidaskClub upgraded shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. UBS AG cut shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price objective for the company. in a research note on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $115.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. Barclays PLC began coverage on shares of Mid-America Apartment Communities in a research report on Monday, March 27th. They set an “overweight” rating and a $116.00 target price for the company. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Mid-America Apartment Communities in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $107.62.

In other news, Director Gary Shorb acquired 500 shares of Mid-America Apartment Communities stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of $98.90 per share, with a total value of $49,450.00. Following the completion of the purchase, the director now owns 4,250 shares of the company’s stock, valued at $420,325. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.25% of the stock is currently owned by corporate insiders.

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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