Twin Capital Management Inc. Makes New $5.36 Million Investment in Mid-America Apartment Communities Inc (NYSE:MAA)

Twin Capital Management Inc. purchased a new position in Mid-America Apartment Communities Inc (NYSE:MAA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 45,530 shares of the real estate investment trust’s stock, valued at approximately $5,362,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAA. Barings LLC bought a new position in Mid-America Apartment Communities in the first quarter worth approximately $45,411,000. Janus Henderson Group PLC increased its stake in shares of Mid-America Apartment Communities by 46.1% in the first quarter. Janus Henderson Group PLC now owns 1,186,322 shares of the real estate investment trust’s stock worth $129,702,000 after purchasing an additional 374,503 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in shares of Mid-America Apartment Communities by 91.0% in the first quarter. Ceredex Value Advisors LLC now owns 653,161 shares of the real estate investment trust’s stock worth $71,410,000 after purchasing an additional 311,212 shares in the last quarter. FMR LLC increased its stake in shares of Mid-America Apartment Communities by 28.2% in the first quarter. FMR LLC now owns 1,352,227 shares of the real estate investment trust’s stock worth $147,839,000 after purchasing an additional 297,563 shares in the last quarter. Finally, Hexavest Inc. purchased a new stake in shares of Mid-America Apartment Communities in the second quarter worth $24,133,000. Institutional investors and hedge funds own 92.31% of the company’s stock.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 2,047 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the transaction, the director now owns 65,240 shares in the company, valued at $7,883,601.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

MAA stock traded up $0.98 during trading on Thursday, hitting $123.62. 16,052 shares of the company’s stock traded hands, compared to its average volume of 617,720. Mid-America Apartment Communities Inc has a 52 week low of $91.21 and a 52 week high of $125.31. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a fifty day simple moving average of $120.47. The firm has a market capitalization of $14.16 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 5.09 and a beta of 0.39.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were given a dividend of $0.96 per share. The ex-dividend date was Friday, July 12th. This represents a $3.84 annualized dividend and a yield of 3.11%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 63.58%.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Mid-America Apartment Communities from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. KeyCorp raised their target price on shares of Mid-America Apartment Communities from $112.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Scotiabank cut shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and cut their target price for the company from $114.00 to $107.00 in a research note on Tuesday, July 9th. Mizuho raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Wednesday, May 8th. Finally, ValuEngine raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $113.12.

Mid-America Apartment Communities 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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