Quantitative Systematic Strategies LLC Purchases Shares of 28,479 Mid-America Apartment Communities Inc (MAA)

Quantitative Systematic Strategies LLC purchased a new position in Mid-America Apartment Communities Inc (NYSE:MAA) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 28,479 shares of the real estate investment trust’s stock, valued at approximately $3,114,000. Mid-America Apartment Communities makes up about 0.8% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Partners LLC raised its holdings in Mid-America Apartment Communities by 3.4% in the 4th quarter. Advisor Partners LLC now owns 4,467 shares of the real estate investment trust’s stock worth $427,000 after acquiring an additional 145 shares during the last quarter. West Oak Capital LLC raised its holdings in Mid-America Apartment Communities by 7.1% in the 1st quarter. West Oak Capital LLC now owns 2,400 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 160 shares during the last quarter. WealthPLAN Partners LLC raised its holdings in Mid-America Apartment Communities by 5.1% in the 4th quarter. WealthPLAN Partners LLC now owns 4,972 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 240 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Mid-America Apartment Communities by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,476 shares of the real estate investment trust’s stock worth $1,002,000 after acquiring an additional 241 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its holdings in Mid-America Apartment Communities by 10.8% in the 4th quarter. Fox Run Management L.L.C. now owns 2,484 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 242 shares during the last quarter. 94.08% of the stock is currently owned by hedge funds and other institutional investors.

MAA traded down $0.23 during mid-day trading on Monday, reaching $109.93. 422,678 shares of the company traded hands, compared to its average volume of 554,141. The firm has a market cap of $12.55 billion, a PE ratio of 18.20, a P/E/G ratio of 3.33 and a beta of 0.49. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.71. Mid-America Apartment Communities Inc has a 52-week low of $87.47 and a 52-week high of $111.10.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $398.15 million during the quarter, compared to analyst estimates of $399.19 million. Mid-America Apartment Communities had a return on equity of 3.41% and a net margin of 14.01%. Mid-America Apartment Communities’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 EPS. As a group, research analysts forecast that Mid-America Apartment Communities Inc will post 6.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $3.84 annualized dividend and a dividend yield of 3.49%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 63.58%.

MAA has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Raymond James upgraded shares of Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Barclays restated a “buy” rating on shares of Mid-America Apartment Communities in a report on Wednesday, January 23rd. TheStreet upgraded shares of Mid-America Apartment Communities from a “c+” rating to a “b-” rating in a report on Thursday, February 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $102.00 target price on shares of Mid-America Apartment Communities in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $107.35.

In other news, insider H Eric Bolton, Jr. sold 262 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $97.84, for a total value of $25,634.08. Following the completion of the sale, the insider now directly owns 224,347 shares in the company, valued at approximately $21,950,110.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David P. Stockert sold 1,777 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $103.68, for a total value of $184,239.36. Following the completion of the sale, the director now owns 64,786 shares of the company’s stock, valued at $6,717,012.48. The disclosure for this sale can be found here. Insiders sold a total of 5,760 shares of company stock valued at $606,463 over the last 90 days. 1.26% of the stock is currently owned by company insiders.

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Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition and development of apartment communities. It operates through the Same Store Communities, and Non-Same Store and Other segments. The Same Store Communities segment focuses on communities that the company has owned and have been stabilized for at least a full twelve months as of the first day of the calendar year.

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

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