Allianz Asset Management GmbH Increases Holdings in Mid-America Apartment Communities, Inc. (MAA)

Allianz Asset Management GmbH raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 21.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,201 shares of the real estate investment trust’s stock after acquiring an additional 14,250 shares during the period. Allianz Asset Management GmbH owned approximately 0.07% of Mid-America Apartment Communities worth $8,679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Mid-America Apartment Communities by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 20,004,797 shares of the real estate investment trust’s stock valued at $2,108,105,000 after purchasing an additional 280,900 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Mid-America Apartment Communities by 1.7% during the 2nd quarter. BlackRock Inc. now owns 10,441,227 shares of the real estate investment trust’s stock valued at $1,100,295,000 after purchasing an additional 176,128 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Mid-America Apartment Communities by 15.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,862,188 shares of the real estate investment trust’s stock valued at $303,363,000 after purchasing an additional 391,336 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Mid-America Apartment Communities by 90.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock valued at $253,615,000 after purchasing an additional 1,144,768 shares in the last quarter. Finally, Cbre Clarion Securities LLC increased its holdings in shares of Mid-America Apartment Communities by 3.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 1,934,644 shares of the real estate investment trust’s stock valued at $203,873,000 after purchasing an additional 58,353 shares in the last quarter. Institutional investors and hedge funds own 92.97% of the company’s stock.

In other Mid-America Apartment Communities news, Director William Reid Sanders bought 7,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average price of $100.11 per share, with a total value of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares of the company’s stock, valued at $821,802.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.25% of the stock is currently owned by insiders.

MAA has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Stifel Nicolaus cut their target price on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating for the company in a report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a report on Friday, November 10th. Finally, SunTrust Banks reissued a “buy” rating and issued a $109.00 price target on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.50.

Shares of Mid-America Apartment Communities, Inc. (NYSE MAA) opened at $103.10 on Monday. The company has a market cap of $11,714.94, a price-to-earnings ratio of 17.36, a P/E/G ratio of 2.49 and a beta of 0.34. Mid-America Apartment Communities, Inc. has a 1-year low of $92.50 and a 1-year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.39 by $0.61. The company had revenue of $384.60 million during the quarter, compared to analyst estimates of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. analysts anticipate that Mid-America Apartment Communities, Inc. will post 5.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a $0.9225 dividend. This represents a $3.69 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, January 11th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s payout ratio is presently 156.76%.

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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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