Horizon Investments LLC purchased a new stake in Mid-America Apartment Communities Inc (NYSE:MAA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,908 shares of the real estate investment trust’s stock, valued at approximately $207,000.
Several other large investors have also recently modified their holdings of the stock. Anchor Capital Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 1.0% in the 1st quarter. Anchor Capital Advisors LLC now owns 13,402 shares of the real estate investment trust’s stock valued at $1,465,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group lifted its position in Mid-America Apartment Communities by 0.5% in the 1st quarter. Clean Yield Group now owns 27,065 shares of the real estate investment trust’s stock worth $2,959,000 after buying an additional 140 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Mid-America Apartment Communities by 0.9% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 17,306 shares of the real estate investment trust’s stock worth $1,892,000 after buying an additional 151 shares in the last quarter. West Oak Capital LLC lifted its position in Mid-America Apartment Communities by 7.1% in the 1st quarter. West Oak Capital LLC now owns 2,400 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 160 shares in the last quarter. Finally, KC Investment Advisors LLC lifted its position in Mid-America Apartment Communities by 3.8% in the 1st quarter. KC Investment Advisors LLC now owns 4,915 shares of the real estate investment trust’s stock worth $537,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.
Shares of MAA traded down $0.30 during mid-day trading on Friday, hitting $120.70. 410,265 shares of the company’s stock were exchanged, compared to its average volume of 539,187. The firm’s fifty day simple moving average is $117.77. Mid-America Apartment Communities Inc has a twelve month low of $91.21 and a twelve month high of $123.88. The firm has a market capitalization of $13.76 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 5.01 and a beta of 0.40. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.96 dividend. The ex-dividend date is Friday, July 12th. This represents a $3.84 dividend on an annualized basis and a yield of 3.18%. Mid-America Apartment Communities’s payout ratio is presently 63.58%.
A number of research firms have issued reports on MAA. Zacks Investment Research downgraded shares of Hanger from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Raymond James reiterated a “buy” rating on shares of Teck Resources in a research report on Thursday, April 4th. SunTrust Banks increased their target price on shares of Mid-America Apartment Communities to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, June 19th. They noted that the move was a valuation call. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, BMO Capital Markets restated a “hold” rating and set a $54.00 price target on shares of Apartment Investment and Management in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $112.18.
In other Mid-America Apartment Communities news, Director Claude B. Nielsen sold 6,500 shares of the 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 sale, the director now directly owns 12,117 shares of the company’s stock, valued at approximately $1,330,810.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.
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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