Mid-America Apartment Communities Inc (MAA) Shares Bought by State Board of Administration of Florida Retirement System

Mid-America Apartment Communities Inc (MAA) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 69.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,502 shares of the real estate investment trust’s stock after buying an additional 89,907 shares during the period. State Board of Administration of Florida Retirement System owned 0.25% of Mid-America Apartment Communities worth $21,494,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. West Oak Capital LLC raised its stake in shares of Mid-America Apartment Communities by 0.9% in the third quarter. West Oak Capital LLC now owns 2,790 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 25 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Mid-America Apartment Communities by 1.3% in the third quarter. First Citizens Bank & Trust Co. now owns 4,326 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 57 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of Mid-America Apartment Communities by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 2,450 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 59 shares in the last quarter. Telos Capital Management Inc. raised its stake in shares of Mid-America Apartment Communities by 1.0% in the third quarter. Telos Capital Management Inc. now owns 8,491 shares of the real estate investment trust’s stock worth $798,000 after buying an additional 85 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Mid-America Apartment Communities by 3.9% in the third quarter. Huntington National Bank now owns 2,363 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 88 shares in the last quarter. 97.98% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Inc (NYSE:MAA) traded up 0.44% during mid-day trading on Wednesday, reaching $97.80. The company’s stock had a trading volume of 524,917 shares. Mid-America Apartment Communities Inc has a one year low of $83.93 and a one year high of $110.01. The firm has a market cap of $11.10 billion, a PE ratio of 36.36 and a beta of 0.29. The stock’s 50 day moving average is $96.44 and its 200 day moving average is $94.77.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, February 1st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. The business had revenue of $307.20 million for the quarter, compared to analysts’ expectations of $302.58 million. Mid-America Apartment Communities had a return on equity of 6.14% and a net margin of 18.83%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. On average, analysts anticipate that Mid-America Apartment Communities Inc will post $2.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th were paid a $0.87 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.82. This represents a $3.48 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, January 11th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 128.41%.

A number of brokerages recently issued reports on MAA. BMO Capital Markets raised Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating and set a $104.00 price target for the company in a research note on Wednesday, November 30th. They noted that the move was a valuation call. Royal Bank Of Canada raised Mid-America Apartment Communities from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from $106.00 to $103.00 in a research report on Tuesday, December 13th. RBC Capital Markets raised Mid-America Apartment Communities from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from $106.00 to $103.00 in a research report on Tuesday, December 13th. Jefferies Group LLC raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and lifted their target price for the company from $109.00 to $113.00 in a research report on Thursday, October 20th. Finally, DA Davidson raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and decreased their target price for the company from $106.00 to $105.00 in a research report on Monday, October 17th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $106.07.

Mid-America Apartment Communities Company Profile

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