Aviva PLC trimmed its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,968 shares of the real estate investment trust’s stock after selling 2,090 shares during the quarter. Aviva PLC’s holdings in Mid-America Apartment Communities were worth $5,507,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. acquired a new stake in shares of Mid-America Apartment Communities in the third quarter worth $120,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the second quarter worth $134,000. First Hawaiian Bank acquired a new position in Mid-America Apartment Communities during the 3rd quarter valued at $171,000. Bridgeworth LLC acquired a new position in Mid-America Apartment Communities during the 2nd quarter valued at $180,000. Finally, BB&T Securities LLC acquired a new position in Mid-America Apartment Communities during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 92.73% of the company’s stock.
MAA has been the subject of several research analyst reports. Barclays reiterated a “buy” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, November 28th. Capital One Financial initiated coverage on shares of Mid-America Apartment Communities in a research note on Monday, October 22nd. They set an “equal weight” rating and a $101.50 target price for the company. Citigroup set a $105.00 target price on shares of Mid-America Apartment Communities and gave the company a “hold” rating in a research note on Monday, November 5th. Robert W. Baird reiterated a “buy” rating and set a $105.00 target price on shares of Mid-America Apartment Communities in a research note on Thursday, August 16th. Finally, Scotiabank initiated coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $102.59.
NYSE:MAA opened at $101.84 on Friday. The firm has a market cap of $11.50 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.39 and a beta of 0.31. Mid-America Apartment Communities Inc has a one year low of $85.16 and a one year high of $104.98. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.70.
Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.04). Mid-America Apartment Communities had a net margin of 18.20% and a return on equity of 4.36%. The business had revenue of $397.10 million during the quarter, compared to analyst estimates of $393.76 million. During the same quarter in the prior year, the company posted $1.50 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Mid-America Apartment Communities Inc will post 6.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Tuesday, January 15th will be paid a $0.96 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Monday, January 14th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.77%. Mid-America Apartment Communities’s dividend payout ratio is currently 62.12%.
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About Mid-America Apartment Communities
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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