November 10, 2019 at 5:56 pm

Mid-America Apartment Communities Inc (NYSE:MAA) Stock Holdings Trimmed by Keybank National Association OH

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Keybank National Association OH lowered its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 21.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,514 shares of the real estate investment trust’s stock after selling 4,789 shares during the period. Keybank National Association OH’s holdings in Mid-America Apartment Communities were worth $2,277,000 as of its most recent SEC filing.

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Other institutional investors have also made changes to their positions in the company. First Financial Corp IN bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $27,000. Johnson Financial Group Inc. bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $29,000. JJJ Advisors Inc. bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $31,000. Parallel Advisors LLC raised its stake in Mid-America Apartment Communities by 38.2% during the 3rd quarter. Parallel Advisors LLC now owns 264 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 73 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Mid-America Apartment Communities by 193.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 201 shares in the last quarter. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MAA stock traded down $1.27 during mid-day trading on Friday, hitting $133.99. 461,365 shares of the stock traded hands, compared to its average volume of 522,704. Mid-America Apartment Communities Inc has a twelve month low of $91.21 and a twelve month high of $140.15. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 5.38 and a beta of 0.33. The company’s 50-day simple moving average is $133.48 and its 200-day simple moving average is $122.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.08 and a current ratio of 0.08.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.87). The firm had revenue of $415.63 million for the quarter, compared to analyst estimates of $411.16 million. Mid-America Apartment Communities had a net margin of 16.25% and a return on equity of 3.84%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 earnings per share. Analysts forecast that Mid-America Apartment Communities Inc will post 6.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, October 11th. Mid-America Apartment Communities’s payout ratio is 63.58%.

Several equities analysts have recently issued reports on MAA shares. ValuEngine cut Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks lifted their price target on Mid-America Apartment Communities to $130.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Goldman Sachs Group started coverage on Mid-America Apartment Communities in a research report on Friday. They set a “neutral” rating and a $149.00 price target on the stock. Capital One Financial upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 4th. Finally, Citigroup lifted their price target on Mid-America Apartment Communities from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $126.75.

In related news, Director David P. Stockert sold 5,000 shares of Mid-America Apartment Communities stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $136.46, for a total value of $682,300.00. Following the transaction, the director now directly owns 68,778 shares in the company, valued at approximately $9,385,445.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

Further Reading: Different Types of Derivatives

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

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