Parkwood LLC Cuts Stake in Mid-America Apartment Communities, Inc. (MAA)

Parkwood LLC lowered its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,105 shares of the real estate investment trust’s stock after selling 1,372 shares during the period. Parkwood LLC’s holdings in Mid-America Apartment Communities were worth $433,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. ING Groep NV increased its stake in Mid-America Apartment Communities by 0.4% in the second quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 22 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in shares of Mid-America Apartment Communities by 1.1% in the first quarter. United Capital Financial Advisers LLC now owns 4,057 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 45 shares during the last quarter. BB&T Corp boosted its position in shares of Mid-America Apartment Communities by 0.9% in the second quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 47 shares during the last quarter. Quadrant Capital Management LLC boosted its position in shares of Mid-America Apartment Communities by 0.4% in the first quarter. Quadrant Capital Management LLC now owns 14,172 shares of the real estate investment trust’s stock worth $1,442,000 after buying an additional 50 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its position in Mid-America Apartment Communities by 1.9% in the first quarter. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 53 shares in the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at 105.77 on Friday. The company’s 50-day moving average price is $103.20 and its 200 day moving average price is $102.07. Mid-America Apartment Communities, Inc. has a one year low of $85.04 and a one year high of $110.95. The company has a market cap of $12.02 billion, a P/E ratio of 48.90 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.03. The firm had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. Mid-America Apartment Communities’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post $1.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Wednesday, July 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 148.72%.

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A number of research firms have issued reports on MAA. UBS AG cut Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 target price on the stock. in a research report on Thursday, July 6th. Royal Bank Of Canada reissued a “buy” rating and set a $112.00 price target on shares of Mid-America Apartment Communities in a research note on Wednesday, August 9th. BidaskClub raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. BMO Capital Markets reissued a “buy” rating and set a $105.00 price target on shares of Mid-America Apartment Communities in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $108.27.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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

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