Leeward Investments LLC MA Buys Shares of 52,971 Mid-America Apartment Communities, Inc. (NYSE:MAA)

Leeward Investments LLC MA bought a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,971 shares of the real estate investment trust's stock, valued at approximately $8,417,000.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Mid-America Apartment Communities by 17.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust's stock worth $375,515,000 after purchasing an additional 393,067 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Mid-America Apartment Communities by 6.0% during the 2nd 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Mid-America Apartment Communities by 2.8% during the 2nd 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 acquiring an additional 44,621 shares during the period. Canada Pension Plan Investment Board increased its holdings in Mid-America Apartment Communities by 1.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust's stock worth $190,086,000 after acquiring an additional 21,000 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in Mid-America Apartment Communities by 7.0% in the 2nd 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 acquiring an additional 74,936 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.

Mid-America Apartment Communities Trading Up 3.3 %

Shares of NYSE:MAA traded up $5.10 during trading hours on Friday, hitting $159.79. 209,555 shares of the company's stock traded hands, compared to its average volume of 751,850. The firm has a market capitalization of $18.68 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.45 and a beta of 0.88. The business has a fifty day moving average price of $157.59 and a 200-day moving average price of $146.74. Mid-America Apartment Communities, Inc. has a 1 year low of $118.72 and a 1 year high of $167.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.09 and a quick ratio of 0.09.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.20). Mid-America Apartment Communities had a net margin of 23.84% and a return on equity of 8.38%. The company had revenue of $551.13 million for the quarter, compared to analysts' expectations of $548.53 million. During the same period in the prior year, the firm posted $2.29 earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Tuesday, October 15th. Mid-America Apartment Communities's payout ratio is 132.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAA. The Goldman Sachs Group started coverage on Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a "buy" rating and a $187.00 price objective on the stock. StockNews.com cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Tuesday. Scotiabank raised their target price on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the company a "sector perform" rating in a research note on Monday, September 16th. BNP Paribas assumed coverage on shares of Mid-America Apartment Communities in a report on Wednesday, September 11th. They set a "neutral" rating and a $169.00 price objective for the company. Finally, Wedbush raised their price objective on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities presently has an average rating of "Hold" and a consensus target price of $161.69.

Mid-America Apartment Communities 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.