BlueCrest Capital Management Ltd bought a new stake in Mid-America Apartment Communities Inc (NYSE:MAA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,505 shares of the real estate investment trust’s stock, valued at approximately $554,000.
Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in Mid-America Apartment Communities by 41.9% in the third quarter. Janus Henderson Group PLC now owns 802,899 shares of the real estate investment trust’s stock valued at $85,813,000 after purchasing an additional 237,268 shares during the last quarter. Toronto Dominion Bank grew its holdings in Mid-America Apartment Communities by 12.0% in the third quarter. Toronto Dominion Bank now owns 43,113 shares of the real estate investment trust’s stock valued at $4,607,000 after purchasing an additional 4,610 shares during the last quarter. Green Square Capital LLC grew its holdings in Mid-America Apartment Communities by 218.7% in the third quarter. Green Square Capital LLC now owns 48,087 shares of the real estate investment trust’s stock valued at $5,140,000 after purchasing an additional 33,000 shares during the last quarter. Schroder Investment Management Group grew its holdings in Mid-America Apartment Communities by 1.8% in the fourth quarter. Schroder Investment Management Group now owns 818,000 shares of the real estate investment trust’s stock valued at $82,258,000 after purchasing an additional 14,651 shares during the last quarter. Finally, KBC Group NV grew its holdings in Mid-America Apartment Communities by 146.5% in the third quarter. KBC Group NV now owns 42,162 shares of the real estate investment trust’s stock valued at $4,506,000 after purchasing an additional 25,056 shares during the last quarter. 94.79% of the stock is currently owned by institutional investors.
In other Mid-America Apartment Communities news, Director William Reid Sanders bought 4,100 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $90.98 per share, for a total transaction of $373,018.00. Following the completion of the transaction, the director now owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Claude B. Nielsen sold 7,200 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $86.44, for a total value of $622,368.00. Following the transaction, the director now owns 20,417 shares in the company, valued at $1,764,845.48. The disclosure for this sale can be found here. Insiders have purchased 4,716 shares of company stock worth $426,200 over the last quarter. 1.25% of the stock is currently owned by company insiders.
Shares of Mid-America Apartment Communities Inc (NYSE:MAA) opened at $91.90 on Friday. Mid-America Apartment Communities Inc has a 12-month low of $85.16 and a 12-month high of $110.95. The stock has a market capitalization of $10,275.21, a price-to-earnings ratio of 31.77, a PEG ratio of 2.14 and a beta of 0.38.
Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.40). Mid-America Apartment Communities had a return on equity of 4.99% and a net margin of 21.42%. The business had revenue of $382.74 million for the quarter, compared to analysts’ expectations of $386.33 million. analysts forecast that Mid-America Apartment Communities Inc will post 6.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a dividend of $0.9225 per share. The ex-dividend date is Thursday, April 12th. This represents a $3.69 annualized dividend and a yield of 4.02%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 129.02%.
About Mid-America Apartment Communities
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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