TD Asset Management Inc Has $8.66 Million Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Key Points

• TD Asset Management Inc increased its stake in Mid-America Apartment Communities, Inc. by 26.1%, bringing its total holdings to $8.66 million as of its most recent filing.
• Institutional investors now own 93.60% of Mid-America Apartment Communities, highlighting strong interest from various funds.
• The company recently declared a quarterly dividend of $1.515, providing an annual yield of 4.3%, despite a relatively high payout ratio of 126.25%.

TD Asset Management Inc lifted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,681 shares of the real estate investment trust's stock after purchasing an additional 10,686 shares during the period. TD Asset Management Inc's holdings in Mid-America Apartment Communities were worth $8,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MAA. Larson Financial Group LLC grew its holdings in Mid-America Apartment Communities by 107.1% during the 1st quarter. Larson Financial Group LLC now owns 176 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 91 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Mid-America Apartment Communities by 94.9% during the fourth quarter. CoreCap Advisors LLC now owns 230 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 112 shares during the period. GoalVest Advisory LLC grew its stake in shares of Mid-America Apartment Communities by 200.0% in the first quarter. GoalVest Advisory LLC now owns 240 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 160 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at $46,000. Finally, NBC Securities Inc. bought a new position in Mid-America Apartment Communities during the 1st quarter worth $46,000. Institutional investors and hedge funds own 93.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JMP Securities upped their price target on Mid-America Apartment Communities from $160.00 to $170.00 and gave the company a "market outperform" rating in a research report on Thursday, May 22nd. Raymond James Financial cut Mid-America Apartment Communities from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. The Goldman Sachs Group downgraded shares of Mid-America Apartment Communities from a "buy" rating to a "neutral" rating and set a $165.00 target price for the company. in a research report on Friday, July 11th. Robert W. Baird boosted their price target on shares of Mid-America Apartment Communities from $161.00 to $162.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, UBS Group reduced their price objective on shares of Mid-America Apartment Communities from $149.00 to $142.00 and set a "sell" rating on the stock in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and an average target price of $168.81.

Mid-America Apartment Communities Trading Down 4.3%

NYSE MAA opened at $142.39 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. Mid-America Apartment Communities, Inc. has a 52 week low of $139.60 and a 52 week high of $173.38. The business has a 50 day moving average price of $150.56 and a 200-day moving average price of $156.18. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 3.81 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.33%. The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $552.19 million. During the same quarter in the previous year, the business posted $2.22 EPS. Mid-America Apartment Communities's quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $1.515 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.06 annualized dividend and a yield of 4.3%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.

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