Mid-America Apartment Communities Inc (MAA) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. raised its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 526,654 shares of the real estate investment trust’s stock after buying an additional 39,896 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.46% of Mid-America Apartment Communities worth $52,960,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. First Manhattan Co. lifted its holdings in shares of Mid-America Apartment Communities by 1.1% during the third quarter. First Manhattan Co. now owns 44,016 shares of the real estate investment trust’s stock worth $4,704,000 after buying an additional 500 shares during the last quarter. Norinchukin Bank The lifted its holdings in shares of Mid-America Apartment Communities by 7.3% during the third quarter. Norinchukin Bank The now owns 8,456 shares of the real estate investment trust’s stock worth $904,000 after buying an additional 574 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Mid-America Apartment Communities by 0.8% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 74,602 shares of the real estate investment trust’s stock worth $7,972,000 after buying an additional 622 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Mid-America Apartment Communities by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 23,959 shares of the real estate investment trust’s stock worth $2,409,000 after buying an additional 722 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Mid-America Apartment Communities by 6.3% during the fourth quarter. M&T Bank Corp now owns 12,867 shares of the real estate investment trust’s stock worth $1,294,000 after buying an additional 758 shares during the last quarter. Institutional investors own 93.36% of the company’s stock.

Mid-America Apartment Communities Inc (NYSE MAA) opened at $88.05 on Friday. The company has a market capitalization of $10,004.86, a price-to-earnings ratio of 14.82, a P/E/G ratio of 2.07 and a beta of 0.28. Mid-America Apartment Communities Inc has a 12 month low of $85.30 and a 12 month high of $110.95.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were paid a $0.9225 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date was Thursday, January 11th. Mid-America Apartment Communities’s dividend payout ratio is presently 129.02%.

A number of research analysts have recently commented on MAA shares. Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Jefferies Group lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Finally, Robert W. Baird reiterated a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a report on Friday, November 10th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Mid-America Apartment Communities currently has an average rating of “Buy” and a consensus target price of $106.15.

In related news, Director Claude B. Nielsen sold 7,200 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $86.44, for a total value of $622,368.00. Following the completion of the transaction, the director now directly owns 20,417 shares in the company, valued at $1,764,845.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Shorb bought 500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $86.53 per share, with a total value of $43,265.00. Following the completion of the purchase, the director now directly owns 4,750 shares of the company’s stock, valued at approximately $411,017.50. The disclosure for this purchase can be found here. Insiders purchased 4,716 shares of company stock valued at $426,200 over the last 90 days. 1.25% of the stock is currently owned by corporate insiders.

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Mid-America Apartment Communities Company 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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