CENTRAL TRUST Co Purchases 2,565 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

CENTRAL TRUST Co raised its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3,664.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,635 shares of the real estate investment trust’s stock after purchasing an additional 2,565 shares during the period. CENTRAL TRUST Co’s holdings in Mid-America Apartment Communities were worth $419,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Mid-America Apartment Communities by 17.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after purchasing an additional 393,067 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Mid-America Apartment Communities by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock valued at $244,803,000 after buying an additional 97,672 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Mid-America Apartment Communities by 2.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,644,322 shares of the real estate investment trust’s stock valued at $234,497,000 after buying an additional 44,621 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Mid-America Apartment Communities by 1.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock valued at $190,086,000 after buying an additional 21,000 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Mid-America Apartment Communities by 7.0% in the second quarter. 1832 Asset Management L.P. now owns 1,140,287 shares of the real estate investment trust’s stock worth $162,616,000 after buying an additional 74,936 shares during the period. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

Mid-America Apartment Communities stock opened at $153.32 on Friday. Mid-America Apartment Communities, Inc. has a fifty-two week low of $115.56 and a fifty-two week high of $167.39. The stock’s 50 day simple moving average is $158.34 and its two-hundred day simple moving average is $145.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.48 and a beta of 0.88.

Mid-America Apartment Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.88 annualized dividend and a dividend yield of 3.84%. Mid-America Apartment Communities’s dividend payout ratio is presently 133.94%.

Analyst Ratings Changes

MAA has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on Mid-America Apartment Communities in a report on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price for the company. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their price objective for the company from $144.00 to $189.00 in a research note on Monday, August 12th. JMP Securities lifted their target price on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Scotiabank increased their price target on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.75.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.