Invictus RG Has $398,000 Position in Mid-America Apartment Communities, Inc. (MAA)

Invictus RG boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 108.7% during the first quarter, Holdings Channel reports. The fund owned 3,916 shares of the real estate investment trust’s stock after buying an additional 2,040 shares during the period. Invictus RG’s holdings in Mid-America Apartment Communities were worth $398,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Independent Advisor Alliance bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at $162,000. Creative Planning raised its position 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 in the last quarter. Chickasaw Capital Management LLC bought a new position in shares of Mid-America Apartment Communities during the first quarter valued at $203,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Mid-America Apartment Communities during the first quarter valued at $217,000. Finally, Flinton Capital Management LLC bought a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at $219,000. 93.05% of the stock is owned by institutional investors and hedge funds.

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

Mid-America Apartment Communities, Inc. (MAA) traded up 0.04% on Friday, hitting $110.04. 901,763 shares of the stock traded hands. Mid-America Apartment Communities, Inc. has a 12-month low of $85.04 and a 12-month high of $110.95. The company’s 50 day moving average price is $101.81 and its 200-day moving average price is $99.10. The stock has a market capitalization of $12.50 billion, a P/E ratio of 46.63 and a beta of 0.35.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $3.48 annualized dividend and a dividend yield of 3.16%. Mid-America Apartment Communities’s dividend payout ratio is currently 139.76%.

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Several analysts recently weighed in on the stock. BidaskClub upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Jefferies Group LLC lifted their price objective on shares of Mid-America Apartment Communities from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 30th. Barclays PLC started coverage on shares of Mid-America Apartment Communities in a research report on Monday, March 27th. They issued an “overweight” rating and a $116.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, February 17th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $108.00.

In other Mid-America Apartment Communities news, Director Gary Shorb purchased 500 shares of the firm’s stock in a transaction dated 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 purchase, the director now directly owns 4,250 shares of the company’s stock, valued at $420,325. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.66% of the stock is owned by company insiders.

Mid-America Apartment Communities Company Profile

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.

Want to see what other hedge funds are holding MAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities, Inc. (NYSE:MAA).

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