558 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 558 shares of the real estate investment trust’s stock, valued at approximately $89,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Mid-America Apartment Communities by 17.5% in the second 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 buying 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% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock worth $244,803,000 after acquiring an additional 97,672 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings 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 worth $234,497,000 after purchasing an additional 44,621 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Mid-America Apartment Communities by 1.5% in 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 purchasing an additional 21,000 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in 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 purchasing an additional 74,936 shares during the period. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Up 1.7 %

Shares of NYSE:MAA opened at $156.52 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $18.29 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.47 and a beta of 0.88. The company has a 50 day moving average of $158.28 and a 200-day moving average of $145.00. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $167.39.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. BNP Paribas assumed coverage on Mid-America Apartment Communities in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $169.00 price objective on the stock. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Wedbush raised their price objective on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $144.00 to $189.00 in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.