Martingale Asset Management L P Lowers Position in Mid-America Apartment Communities, Inc. (MAA)

Martingale Asset Management L P decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,323 shares of the real estate investment trust’s stock after selling 27,896 shares during the period. Martingale Asset Management L P’s holdings in Mid-America Apartment Communities were worth $20,008,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MAA. TCW Group Inc. bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth about $1,525,000. Investec Asset Management LTD bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth about $311,000. Dimensional Fund Advisors LP increased its stake in shares of Mid-America Apartment Communities by 57.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,976 shares of the real estate investment trust’s stock worth $152,357,000 after buying an additional 570,575 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth about $637,000. Finally, Prudential PLC bought a new stake in shares of Mid-America Apartment Communities during the fourth quarter worth about $229,000. 97.98% of the stock is currently owned by institutional investors and hedge funds.

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

Mid-America Apartment Communities, Inc. (NYSE:MAA) traded up 0.32% during trading on Tuesday, reaching $98.72. The company’s stock had a trading volume of 469,019 shares. The firm has a market cap of $11.21 billion, a PE ratio of 36.70 and a beta of 0.29. Mid-America Apartment Communities, Inc. has a one year low of $85.04 and a one year high of $110.01. The company has a 50-day moving average of $96.74 and a 200 day moving average of $94.57.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, February 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The company earned $307.20 million during the quarter, compared to analysts’ expectations of $302.58 million. Mid-America Apartment Communities had a net margin of 18.83% and a return on equity of 6.14%. Mid-America Apartment Communities’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company posted $1.45 earnings per share. Analysts expect that Mid-America Apartment Communities, Inc. will post $2.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.54%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Wednesday, January 11th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 128.41%.

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A number of brokerages recently issued reports on MAA. Zacks Investment Research raised Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Tuesday. RBC Capital Markets raised Mid-America Apartment Communities from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from $106.00 to $103.00 in a report on Tuesday, December 13th. Royal Bank Of Canada raised Mid-America Apartment Communities from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from $106.00 to $103.00 in a report on Tuesday, December 13th. Cantor Fitzgerald set a $107.00 target price on Mid-America Apartment Communities and gave the company a “buy” rating in a report on Tuesday, December 6th. Finally, Robert W. Baird raised Mid-America Apartment Communities from a “neutral” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Friday, December 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $106.07.

Mid-America Apartment Communities Company Profile

5 Day Chart for NYSE:MAA

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