Los Angeles Capital Management & Equity Research Inc. Has $9.62 Million Position in Mid-America Apartment Communities Inc (MAA)

Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 22.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,994 shares of the real estate investment trust’s stock after selling 25,580 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.08% of Mid-America Apartment Communities worth $9,620,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Mid-America Apartment Communities by 2.1% in the fourth quarter. BlackRock Inc. now owns 11,359,757 shares of the real estate investment trust’s stock valued at $1,087,130,000 after buying an additional 238,613 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mid-America Apartment Communities by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 1,833,523 shares of the real estate investment trust’s stock valued at $175,217,000 after buying an additional 142,096 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mid-America Apartment Communities by 2.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,644,830 shares of the real estate investment trust’s stock valued at $157,411,000 after buying an additional 31,770 shares in the last quarter. Morgan Stanley boosted its stake in shares of Mid-America Apartment Communities by 8.8% in the third quarter. Morgan Stanley now owns 1,591,653 shares of the real estate investment trust’s stock valued at $159,452,000 after buying an additional 129,006 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mid-America Apartment Communities by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 1,104,522 shares of the real estate investment trust’s stock valued at $110,651,000 after buying an additional 6,288 shares in the last quarter. 93.32% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on MAA shares. Zacks Investment Research upgraded Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Royal Bank of Canada lifted their price target on Mid-America Apartment Communities from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday. KeyCorp lifted their price target on Mid-America Apartment Communities from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. BMO Capital Markets restated a “hold” rating and issued a $102.00 price target on shares of Mid-America Apartment Communities in a research note on Wednesday, January 30th. Finally, Mizuho upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $109.54.

In related news, COO Thomas L. Grimes, Jr. sold 340 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $108.58, for a total value of $36,917.20. Following the completion of the transaction, the chief operating officer now directly owns 54,444 shares in the company, valued at $5,911,529.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Claude B. Nielsen sold 6,500 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $109.83, for a total value of $713,895.00. Following the completion of the transaction, the director now owns 12,117 shares of the company’s stock, valued at $1,330,810.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,679 shares of company stock valued at $1,057,456. Insiders own 1.30% of the company’s stock.

MAA stock traded up $0.44 during midday trading on Wednesday, hitting $114.45. 370,095 shares of the stock were exchanged, compared to its average volume of 529,272. The stock has a market cap of $13.12 billion, a PE ratio of 18.95, a P/E/G ratio of 4.75 and a beta of 0.48. Mid-America Apartment Communities Inc has a fifty-two week low of $90.05 and a fifty-two week high of $115.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.14 and a current ratio of 0.14.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.95). Mid-America Apartment Communities had a return on equity of 3.68% and a net margin of 14.86%. The firm had revenue of $401.17 million for the quarter, compared to analyst estimates of $400.91 million. During the same period in the prior year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Mid-America Apartment Communities Inc will post 6.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.96 dividend. The ex-dividend date is Friday, July 12th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.36%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 63.58%.

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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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