Honeywell International Inc. Takes Position in Mid-America Apartment Communities Inc (NYSE:MAA)

Honeywell International Inc. purchased a new stake in Mid-America Apartment Communities Inc (NYSE:MAA) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 20,470 shares of the real estate investment trust’s stock, valued at approximately $2,411,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JJJ Advisors Inc. bought a new stake in Mid-America Apartment Communities during the second quarter valued at $31,000. Zions Bancorporation N.A. lifted its stake in Mid-America Apartment Communities by 733.0% during the first quarter. Zions Bancorporation N.A. now owns 783 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 689 shares during the last quarter. Welch Group LLC bought a new stake in Mid-America Apartment Communities during the first quarter worth about $143,000. Starr International Co. Inc. bought a new stake in Mid-America Apartment Communities during the first quarter worth about $148,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Mid-America Apartment Communities by 60.0% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,600 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

In other news, Director David P. Stockert sold 2,047 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $120.84, for a total value of $247,359.48. Following the completion of the sale, the director now owns 65,240 shares of the company’s stock, valued at approximately $7,883,601.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

NYSE MAA opened at $121.59 on Friday. Mid-America Apartment Communities Inc has a 1-year low of $91.21 and a 1-year high of $123.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a 50-day moving average of $119.55. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 4.84 and a beta of 0.39.

Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.95). Mid-America Apartment Communities had a net margin of 14.89% and a return on equity of 3.74%. The company had revenue of $401.17 million during the quarter, compared to the consensus estimate of $400.91 million. During the same period last year, the firm posted $1.36 EPS. The company’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Mid-America Apartment Communities Inc will post 6.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Friday, July 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 63.58%.

Several brokerages have issued reports on MAA. Mizuho raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Wednesday, May 8th. Scotiabank lowered Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and dropped their price target for the stock from $114.00 to $107.00 in a research note on Tuesday, July 9th. ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. KeyCorp lifted their price target on Mid-America Apartment Communities from $112.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, SunTrust Banks lifted their price target on Mid-America Apartment Communities to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, June 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Mid-America Apartment Communities has an average rating of “Buy” and an average price target of $113.12.

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.

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

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