America Apartment Communities Inc

Paterniano Del Favero
Agosto 1, 2017

Diamond Hill Capital Management Inc. reduced its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 6.0% during the second quarter, Holdings Channel reports. ING Groep NV now owns 5,816 shares of the real estate investment trust's stock valued at $613,000 after buying an additional 22 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth $239,000.

Several other brokerages have also recently weighed in on MAA. 455,410 are owned by Asset One Co Limited. Rehmann Capital Advisory Group acquired a new stake in shares of Mid-America Apartment Communities during the first quarter worth $227,000. UBS Asset Management Americas Inc. now owns 376,231 shares of the real estate investment trust's stock worth $36,841,000 after buying an additional 133,851 shares during the last quarter. Renaissance Technologies LLC now owns 1,433,141 shares of the real estate investment trust's stock valued at $145,808,000 after buying an additional 470,800 shares during the last quarter. Telemus Ltd Liability Corp holds 0.21% of its portfolio in Mid-America Apartment Communities Inc (NYSE:MAA) for 16,000 shares. Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0.03% in Mid-America Apartment Communities Inc (NYSE:MAA). Commerzbank Aktiengesellschaft FI bought a new stake in Mid-America Apartment Communities during the Q1 assessed at roughly $217,000. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust's stock valued at $285,000 after buying an additional 53 shares in the last quarter. Mid-America Apartment Communities has a 12-month low of $85.04 and a 12-month high of $110.95.

Mid-America Apartment Communities (MAA) traded down 0.17% on Monday, reaching $103.53. Gulf International Bank Uk Ltd who had been investing in Mid for a number of months, seems to be bullish on the $11.76B market cap company. 79,750 stocks of the firms shares were exchanged. the firms 50 Day SMA price is $104.76 and the 200 day SMA is $101.15.

Shares of Mid-America Apartment Communities, Inc.

Bancorp Of Nova Scotia has invested 0% in Mid-America Apartment Communities Inc (NYSE:MAA). The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The firm had revenue of $382.80 million during the quarter, compared to analysts' expectations of $382.17 million. During the same quarter previous year, the business earned $1.54 earnings per share. Mid-America Apartment Communities's revenue was up 40.6% compared to the same quarter a year ago. On average, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post $1.52 earnings per share for the current fiscal year.

Also, the company announced dividend for the quarter, expected to be paid on early Mon, Jul 31st. Investors of record on Friday, July 14th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Wed, Jul 12th. Mid-America Apartment Communities's dividend payout ratio is presently 148.72%.

ILLEGAL ACTIVITY NOTICE: "Pensionfund Sabic Maintains Position in Mid-America Apartment Communities, Inc".

MAA has been the subject of a number of research reports. If you are accessing this news story on another publication, it was illegally copied and republished in violation of worldwide copyright & trademark law. The legal version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/01/diamond-hill-capital-management-inc-has-57-08-million-position-in-mid-america-apartment-communities-inc-nysemaa.html. It is positive, as 46 investors sold MAA shares while 83 reduced holdings. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. Zacks Investment Research cut shares of Mid-America Apartment Communities from a "buy" rating to a "hold" rating in a report on Monday, July 17th. Finally, Barclays PLC lowered their price objective on Mid-America Apartment Communities from $117.00 to $116.00 and set an "overweight" rating on the stock in a report on Tuesday, July 18th. Jefferies Group LLC restated a "buy" rating and set a $115.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, July 10th.

Among 7 analysts covering Arcbest Corporation (NASDAQ:ARCB), 2 have Buy rating, 0 Sell and 5 Hold. The stock has a consensus rating of "Buy" and a consensus price target of $107.62.

In other Mid-America Apartment Communities news, Director Gary Shorb bought 500 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average cost of $98.90 per share, with a total value of $49,450.00. Following the transaction, the director now directly owns 4,250 shares of the company's stock, valued at approximately $420,325. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.25% of the company's stock.

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The corporation has ownership of, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States.

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