Mid-America Apartment Communities Inc (MAA) Holdings Boosted by Amundi Pioneer Asset Management Inc.

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Amundi Pioneer Asset Management Inc. raised its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 30.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 221,382 shares of the real estate investment trust’s stock after purchasing an additional 51,304 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 0.19% of Mid-America Apartment Communities worth $20,199,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Meadow Creek Investment Management LLC lifted its holdings in shares of Mid-America Apartment Communities by 15.3% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,642 shares of the real estate investment trust’s stock worth $467,000 after acquiring an additional 616 shares during the last quarter. Norinchukin Bank The lifted its holdings in shares of Mid-America Apartment Communities by 7.4% in the 4th quarter. Norinchukin Bank The now owns 9,084 shares of the real estate investment trust’s stock worth $913,000 after acquiring an additional 628 shares during the last quarter. Global X Management Co. LLC lifted its holdings in shares of Mid-America Apartment Communities by 19.2% in the 1st quarter. Global X Management Co. LLC now owns 3,900 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 629 shares during the last quarter. Csenge Advisory Group lifted its holdings in shares of Mid-America Apartment Communities by 31.6% in the 1st quarter. Csenge Advisory Group now owns 2,710 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 650 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Mid-America Apartment Communities by 5.4% in the 1st quarter. M&T Bank Corp now owns 13,559 shares of the real estate investment trust’s stock worth $1,237,000 after acquiring an additional 692 shares during the last quarter. Institutional investors own 91.50% of the company’s stock.

In other news, Director William Reid Sanders acquired 2,800 shares of the company’s stock in a transaction on Monday, May 21st. The shares were bought at an average cost of $87.92 per share, with a total value of $246,176.00. Following the transaction, the director now owns 15,109 shares in the company, valued at approximately $1,328,383.28. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider H Eric Bolton, Jr. acquired 1,130 shares of the company’s stock in a transaction on Friday, May 18th. The stock was purchased at an average cost of $88.39 per share, for a total transaction of $99,880.70. Following the completion of the transaction, the insider now owns 220,643 shares in the company, valued at approximately $19,502,634.77. The disclosure for this purchase can be found here. 1.26% of the stock is owned by corporate insiders.

Mid-America Apartment Communities opened at $99.58 on Friday, MarketBeat.com reports. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.33 and a beta of 0.35. Mid-America Apartment Communities Inc has a 52-week low of $85.16 and a 52-week high of $110.39. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.69.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($1.04). The business had revenue of $386.01 million for the quarter, compared to analyst estimates of $384.42 million. Mid-America Apartment Communities had a return on equity of 5.10% and a net margin of 21.72%. Mid-America Apartment Communities’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 earnings per share. equities analysts expect that Mid-America Apartment Communities Inc will post 5.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be issued a dividend of $0.9225 per share. The ex-dividend date is Thursday, July 12th. This represents a $3.69 dividend on an annualized basis and a yield of 3.71%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 62.12%.

Several equities analysts have recently commented on the stock. ValuEngine lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. BTIG Research lowered shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating in a report on Thursday, May 31st. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a report on Monday, May 7th. Barclays restated a “buy” rating and issued a $112.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, April 17th. Finally, BMO Capital Markets set a $97.00 price objective on shares of Mid-America Apartment Communities and gave the stock a “hold” rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus price target of $104.62.

About Mid-America Apartment Communities

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 March 31, 2018, MAA had ownership interest in 100,490 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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