CIBC Asset Management Inc boosted its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,379 shares of the real estate investment trust’s stock after buying an additional 1,085 shares during the quarter. CIBC Asset Management Inc’s holdings in Mid-America Apartment Communities were worth $1,245,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gilman Hill Asset Management LLC lifted its holdings in Mid-America Apartment Communities by 9.2% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 6,193 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 520 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Mid-America Apartment Communities by 41.9% during the 3rd quarter. Janus Henderson Group PLC now owns 802,899 shares of the real estate investment trust’s stock worth $85,813,000 after buying an additional 237,268 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Mid-America Apartment Communities by 12.0% during the 3rd quarter. Toronto Dominion Bank now owns 43,113 shares of the real estate investment trust’s stock worth $4,607,000 after buying an additional 4,610 shares in the last quarter. Forsta AP Fonden lifted its holdings in Mid-America Apartment Communities by 35.0% during the 3rd quarter. Forsta AP Fonden now owns 47,100 shares of the real estate investment trust’s stock worth $5,034,000 after buying an additional 12,200 shares in the last quarter. Finally, Brookfield Asset Management Inc. acquired a new stake in Mid-America Apartment Communities during the 2nd quarter worth approximately $158,747,000. Institutional investors own 92.95% of the company’s stock.

Mid-America Apartment Communities Inc (NYSE:MAA) opened at $87.75 on Monday. The company has a market cap of $9,970.77, a price-to-earnings ratio of 30.68, a P/E/G ratio of 2.06 and a beta of 0.28. Mid-America Apartment Communities Inc has a 52-week low of $85.30 and a 52-week high of $110.95.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were given a $0.9225 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.21%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date was Thursday, January 11th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 129.02%.

A number of brokerages have recently weighed in on MAA. Mizuho restated a “hold” rating and issued a $106.00 price objective on shares of Mid-America Apartment Communities in a report on Sunday, October 15th. JMP Securities lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Thursday, October 19th. Cantor Fitzgerald restated a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Robert W. Baird restated a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, November 10th. Finally, BMO Capital Markets lowered shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 price objective on the stock. in a report on Monday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus target price of $106.15.

In related news, Director William Reid Sanders bought 4,100 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $90.98 per share, with a total value of $373,018.00. Following the transaction, the director now directly owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 4,216 shares of company stock worth $382,935 over the last ninety days. Insiders own 1.25% of the company’s stock.

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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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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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