California State Teachers Retirement System Has $20.96 Million Holdings in Mid-America Apartment Communities, Inc. (MAA)

California State Teachers Retirement System lowered its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 9.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,132 shares of the real estate investment trust’s stock after selling 19,356 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Mid-America Apartment Communities worth $20,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brookfield Asset Management Inc. acquired a new position in shares of Mid-America Apartment Communities during the second quarter valued at approximately $158,747,000. Alliancebernstein L.P. increased its stake in shares of Mid-America Apartment Communities by 90.7% during the second quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock valued at $253,615,000 after acquiring an additional 1,144,768 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Mid-America Apartment Communities by 3,863.2% during the third quarter. Daiwa Securities Group Inc. now owns 797,196 shares of the real estate investment trust’s stock valued at $85,205,000 after acquiring an additional 777,081 shares during the period. Janus Henderson Group PLC increased its stake in shares of Mid-America Apartment Communities by 4,202.0% during the second quarter. Janus Henderson Group PLC now owns 565,631 shares of the real estate investment trust’s stock valued at $59,607,000 after acquiring an additional 552,483 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Mid-America Apartment Communities by 31.5% during the second quarter. Renaissance Technologies LLC now owns 1,884,990 shares of the real estate investment trust’s stock valued at $198,640,000 after acquiring an additional 451,849 shares during the period. Institutional investors own 92.70% of the company’s stock.

In other news, Director William Reid Sanders acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of $100.11 per share, with a total value of $700,770.00. Following the purchase, the director now owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.25% of the company’s stock.

Mid-America Apartment Communities, Inc. (NYSE MAA) opened at $99.50 on Wednesday. The stock has a market cap of $11,697.90, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.49 and a beta of 0.34. Mid-America Apartment Communities, Inc. has a 12-month low of $92.50 and a 12-month high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.61. The firm had revenue of $384.60 million for 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 quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. research analysts forecast that Mid-America Apartment Communities, Inc. will post 5.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be paid a $0.9225 dividend. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $3.69 dividend on an annualized basis and a yield of 3.71%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 156.76%.

A number of research analysts recently commented on MAA shares. Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Stifel Nicolaus lowered their price objective on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. Mizuho restated a “hold” rating and issued a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Monday, November 6th. ValuEngine lowered shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, SunTrust Banks restated a “buy” rating and issued a $109.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus price target of $110.50.

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Mid-America Apartment Communities Profile

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.

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

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