Toronto Dominion Bank Has $7.41 Million Position in Mid-America Apartment Communities Inc (MAA)

Toronto Dominion Bank boosted its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 1.1% in the 3rd quarter, Holdings Channel reports. The firm owned 73,969 shares of the real estate investment trust’s stock after purchasing an additional 830 shares during the period. Toronto Dominion Bank’s holdings in Mid-America Apartment Communities were worth $7,409,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Mid-America Apartment Communities by 0.5% in the 2nd quarter. BlackRock Inc. now owns 11,025,469 shares of the real estate investment trust’s stock worth $1,109,933,000 after acquiring an additional 58,754 shares during the period. OppenheimerFunds Inc. boosted its holdings in Mid-America Apartment Communities by 3.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,524,935 shares of the real estate investment trust’s stock worth $254,185,000 after acquiring an additional 73,200 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mid-America Apartment Communities by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,764,302 shares of the real estate investment trust’s stock worth $177,615,000 after acquiring an additional 21,184 shares during the period. Cbre Clarion Securities LLC boosted its holdings in Mid-America Apartment Communities by 490.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 1,670,247 shares of the real estate investment trust’s stock worth $168,144,000 after acquiring an additional 1,387,389 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Mid-America Apartment Communities by 8.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,613,060 shares of the real estate investment trust’s stock worth $161,596,000 after acquiring an additional 131,142 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. SunTrust Banks restated a “buy” rating and issued a $105.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, August 9th. Scotiabank assumed coverage on Mid-America Apartment Communities in a report on Tuesday, October 16th. They issued a “sector perform” rating for the company. Robert W. Baird restated a “buy” rating and issued a $105.00 price target on shares of Mid-America Apartment Communities in a report on Thursday, August 16th. Capital One Financial restated an “equal weight” rating on shares of Mid-America Apartment Communities in a report on Friday, October 19th. Finally, Stifel Nicolaus cut Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a report on Thursday, August 2nd. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.59.

Shares of MAA opened at $101.10 on Friday. Mid-America Apartment Communities Inc has a 52-week low of $85.16 and a 52-week high of $104.98. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 2.39 and a beta of 0.25. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.70.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 period in the previous year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that Mid-America Apartment Communities Inc will post 6.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th were given a $0.9225 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, October 12th. Mid-America Apartment Communities’s payout ratio is 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.

Further Reading: Balanced Fund

Want to see what other hedge funds are holding MAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mid-America Apartment Communities Inc (NYSE:MAA).

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

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