Huntington National Bank Has $251,000 Position in Mid-America Apartment Communities Inc (NYSE:MAA)

Huntington National Bank increased its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 14.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,931 shares of the real estate investment trust’s stock after buying an additional 250 shares during the period. Huntington National Bank’s holdings in Mid-America Apartment Communities were worth $251,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MAA. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Mid-America Apartment Communities by 6.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,411 shares of the real estate investment trust’s stock valued at $11,331,000 after purchasing an additional 6,237 shares during the last quarter. Cutler Group LP grew its holdings in Mid-America Apartment Communities by 29.0% during the second quarter. Cutler Group LP now owns 1,333 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 300 shares during the last quarter. MML Investors Services LLC acquired a new position in Mid-America Apartment Communities during the second quarter valued at approximately $266,000. Hexavest Inc. acquired a new position in Mid-America Apartment Communities during the second quarter valued at approximately $24,133,000. Finally, Diamond Hill Capital Management Inc. grew its holdings in Mid-America Apartment Communities by 2.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 628,146 shares of the real estate investment trust’s stock valued at $73,970,000 after purchasing an additional 14,448 shares during the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.

MAA has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a report on Friday. They set a “neutral” rating and a $149.00 price target on the stock. Citigroup increased their price target on Mid-America Apartment Communities from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday. KeyCorp increased their price target on Mid-America Apartment Communities from $131.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. SunTrust Banks increased their price target on Mid-America Apartment Communities to $130.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, ValuEngine downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $126.75.

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In other news, Director David P. Stockert sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $136.46, for a total value of $682,300.00. Following the sale, the director now owns 68,778 shares in the company, valued at $9,385,445.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Shares of Mid-America Apartment Communities stock traded down $1.27 during midday trading on Friday, hitting $133.99. The company had a trading volume of 461,365 shares, compared to its average volume of 522,704. The business’s 50 day simple moving average is $133.48 and its two-hundred day simple moving average is $122.59. The stock has a market cap of $15.47 billion, a PE ratio of 22.18, a P/E/G ratio of 5.38 and a beta of 0.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.08 and a quick ratio of 0.08. Mid-America Apartment Communities Inc has a 1-year low of $91.21 and a 1-year high of $140.15.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.87). The company had revenue of $415.63 million during the quarter, compared to analyst estimates of $411.16 million. Mid-America Apartment Communities had a return on equity of 3.84% and a net margin of 16.25%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. On average, sell-side analysts expect that Mid-America Apartment Communities Inc will post 6.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.96 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $3.84 annualized dividend and a dividend yield of 2.87%. Mid-America Apartment Communities’s payout ratio is 63.58%.

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

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