Amundi Pioneer Asset Management Inc. Buys 51,304 Shares of Mid-America Apartment Communities Inc (NYSE:MAA)

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Amundi Pioneer Asset Management Inc. lifted its stake in Mid-America Apartment Communities Inc (NYSE:MAA) by 30.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,382 shares of the real estate investment trust’s stock after acquiring an additional 51,304 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.19% of Mid-America Apartment Communities worth $20,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its holdings in shares of Mid-America Apartment Communities by 313.8% in the first quarter. Cubist Systematic Strategies LLC now owns 4,568 shares of the real estate investment trust’s stock worth $417,000 after buying an additional 3,464 shares in the last quarter. Guggenheim Capital LLC increased its position in Mid-America Apartment Communities by 11.4% during the first quarter. Guggenheim Capital LLC now owns 394,472 shares of the real estate investment trust’s stock valued at $35,992,000 after acquiring an additional 40,266 shares during the last quarter. Alexandria Capital LLC increased its position in Mid-America Apartment Communities by 19.4% during the first quarter. Alexandria Capital LLC now owns 42,011 shares of the real estate investment trust’s stock valued at $3,833,000 after acquiring an additional 6,815 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Mid-America Apartment Communities by 20.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,209 shares of the real estate investment trust’s stock valued at $1,566,000 after acquiring an additional 2,865 shares during the last quarter. Finally, Barclays PLC increased its position in Mid-America Apartment Communities by 56.1% during the first quarter. Barclays PLC now owns 269,182 shares of the real estate investment trust’s stock valued at $24,560,000 after acquiring an additional 96,791 shares during the last quarter. Hedge funds and other institutional investors own 91.63% of the company’s stock.

Shares of NYSE:MAA opened at $100.67 on Friday. The stock has a market cap of $11.52 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.21 and a quick ratio of 0.21. Mid-America Apartment Communities Inc has a 12-month low of $85.16 and a 12-month high of $110.24.

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 for the quarter, missing the consensus estimate of $1.46 by ($1.04). Mid-America Apartment Communities had a net margin of 21.72% and a return on equity of 5.10%. The firm had revenue of $386.01 million during the quarter, compared to analyst estimates of $384.42 million. During the same period in the prior year, the firm earned $1.46 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. sell-side analysts forecast that Mid-America Apartment Communities Inc will post 5.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 13th will be paid a dividend of $0.9225 per share. This represents a $3.69 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, July 12th. Mid-America Apartment Communities’s payout ratio is 62.12%.

MAA has been the topic of a number of research analyst reports. Barclays restated a “buy” rating and issued a $112.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, April 17th. 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 research note on Friday, March 2nd. Robert W. Baird set a $100.00 price objective on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a research note on Friday, March 2nd. ValuEngine lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Finally, BTIG Research lowered shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating in a research report on Thursday, May 31st. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Mid-America Apartment Communities has an average rating of “Buy” and a consensus price target of $104.62.

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

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.

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

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