Amalgamated Bank Boosts Stake in Mid-America Apartment Communities (MAA)

Amalgamated Bank boosted its position in Mid-America Apartment Communities (NYSE:MAA) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,266 shares of the real estate investment trust’s stock after purchasing an additional 1,265 shares during the period. Amalgamated Bank’s holdings in Mid-America Apartment Communities were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MAA. First Trust Advisors LP raised its stake in shares of Mid-America Apartment Communities by 2.2% during the third quarter. First Trust Advisors LP now owns 35,313 shares of the real estate investment trust’s stock valued at $3,774,000 after acquiring an additional 768 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Mid-America Apartment Communities by 14.9% during the third quarter. State of Wisconsin Investment Board now owns 167,863 shares of the real estate investment trust’s stock valued at $17,941,000 after acquiring an additional 21,707 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Mid-America Apartment Communities by 90.9% during the third quarter. State of Tennessee Treasury Department now owns 59,313 shares of the real estate investment trust’s stock valued at $6,339,000 after acquiring an additional 28,249 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Mid-America Apartment Communities by 77.3% during the third quarter. Principal Financial Group Inc. now owns 307,833 shares of the real estate investment trust’s stock valued at $32,901,000 after acquiring an additional 134,212 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Mid-America Apartment Communities by 1.0% during the third quarter. Swiss National Bank now owns 526,076 shares of the real estate investment trust’s stock valued at $56,227,000 after acquiring an additional 5,200 shares in the last quarter. 94.70% of the stock is owned by institutional investors and hedge funds.

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In other Mid-America Apartment Communities news, Director Claude B. Nielsen sold 7,200 shares of Mid-America Apartment Communities stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $86.44, for a total value of $622,368.00. Following the transaction, the director now directly owns 20,417 shares of the company’s stock, valued at $1,764,845.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Reid Sanders purchased 4,100 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $90.98 per share, for a total transaction of $373,018.00. Following the completion of the acquisition, the director now directly owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The disclosure for this purchase can be found here. 1.25% of the stock is currently owned by insiders.

MAA stock traded down $0.96 during trading on Monday, hitting $90.28. 834,050 shares of the company’s stock traded hands, compared to its average volume of 847,870. The firm has a market cap of $10,372.98, a price-to-earnings ratio of 15.36, a PEG ratio of 2.17 and a beta of 0.33. Mid-America Apartment Communities has a 1 year low of $85.16 and a 1 year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.40). Mid-America Apartment Communities had a net margin of 21.42% and a return on equity of 4.99%. The business had revenue of $382.74 million for the quarter, compared to analysts’ expectations of $386.33 million. analysts anticipate that Mid-America Apartment Communities will post 6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be issued a $0.9225 dividend. This represents a $3.69 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 62.12%.

Several analysts have recently weighed in on the stock. Jefferies Group downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Barclays decreased their price target on shares of Mid-America Apartment Communities from $113.00 to $112.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. DA Davidson set a $110.00 price target on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a research note on Tuesday, January 30th. SunTrust Banks set a $102.00 price target on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $104.62.

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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 throughout the United States. As of December 31, 2017, MAA had ownership interest in 100,489 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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