Asset Management One Co. Ltd. Lowers Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Asset Management One Co. cut. Ltd. its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,752 shares of the real estate investment trust’s stock after selling 7,470 shares during the period. Asset Management One Co. Ltd. owned 0.21% of Mid-America Apartment Communities worth $37,023,000 as of its most recent SEC filing.

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Other large investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp bought a new position in Mid-America Apartment Communities in the 3rd quarter valued at approximately $26,000. Selway Asset Management purchased a new stake in Mid-America Apartment Communities in the 3rd quarter valued at approximately $31,000. Clear Street Markets LLC increased its stake in Mid-America Apartment Communities by 410.6% in the 2nd quarter. Clear Street Markets LLC now owns 240 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 193 shares during the last quarter. American Research & Management Co. bought. a new stake in Mid-America Apartment Communities in the 3rd quarter valued at about $37,000. Finally, CX Institutional purchased a new stake in Mid-America Apartment Communities in the 2nd quarter valued at about $44,000. 91.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity in Mid-America Apartment Communities

In other Mid-America Apartment Communities news, EVP Melanie Carpenter sold 242 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $153.85, for a total value of $37,231.70. Following the completion of the sale, the executive vice president now directly owns 17,883 shares in the company, valued at approximately $2,751,299.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mid-America Apartment Communities news, CFO Albert M. Campbell III sold 883 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $153.85, for a total value of $135,849.55. Following the completion of the sale, the chief financial officer now directly owns 55,826 shares in the company, valued at approximately $8,588,830.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Melanie Carpenter sold 242 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $153.85, for a total value of $37,231.70. Following the completion of the sale, the executive vice president now owns 17,883 shares of the company’s stock, valued at $2,751,299.55. The disclosure for this sale can be found here. Insiders sold a total of 3,383 shares of company stock valued at $528,613 over the last quarter. 1.34% of the stock is owned by company insiders.

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Wall Street Analysts weigh in

A number of analysts have issued reports on the company. BTIG Research reduced their price objective on Mid-America Apartment Communities from $225.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, January 11th. Wolfe Research assumed coverage on Mid-America Apartment Communities in a research note on Tuesday, November 22nd. They gave the stock a “market perform” rating. Mizuho reduced their price objective on Mid-America Apartment Communities from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Thursday, November 10th. Credit Suisse Group downgraded Mid-America Apartment Communities from an “outperform” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research note on Monday, January 9th. Finally, Jefferies Financial Group cut their price target on Mid-America Apartment Communities from $210.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and an average price target of $182.85.

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Price Performance of Mid-America Apartment Communities

MAA opened at $157.22 on Tuesday. The business has a fifty day moving average of $158.76 and a 200 day moving average of $162.94. Mid-America Apartment Communities, Inc. has a 52-week low of $141.13 and a 52-week high of $217.64. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.73. The stock has a market cap of $18.16 billion, a P/E ratio of 29.01, a PEG ratio of 8.49 and a beta of 0.75.

Mid-America Apartment Communities Raises Dividend

The company recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, January 12th. This represents a $5.60 dividend on an annual basis and a yield of 3.56%. This is a boost from Mid-America Apartment Communities’ previous quarterly dividend of $1.25. Mid-America Apartment Communities’ payout ratio is currently 103.32%.

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About Mid-America Apartment Communities

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Mid-America Apartment Communities, Inc is a real estate investment trust. The company is engaged in the operation, acquisition and development of apartment communities. It operates in the following segments: Same-Store and Non-Same-Store Communities and Others. The Same Store Communities segment focuses on company-owned communities.

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Want to see what other hedge funds MAA holds? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating).

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

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