Vanguard Group Inc. increased its stake in shares of Mid-America Apartment Communities Inc. (NYSE:MAA) by 3.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,555,159 shares of the real estate investment trust’s stock after buying an additional 337,159 shares during the period. Vanguard Group Inc. owned approximately 15.30% of Mid-America Apartment Communities worth $1,229,468,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its position in Mid-America Apartment Communities by 6.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,929 shares of the real estate investment trust’s stock valued at $3,989,000 after buying an additional 2,685 shares during the last quarter. Norges Bank bought a new position in Mid-America Apartment Communities during the fourth quarter valued at approximately $54,005,000. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Mid-America Apartment Communities during the first quarter valued at approximately $2,118,000. GW&K Investment Management LLC boosted its position in Mid-America Apartment Communities by 14.1% in the first quarter. GW&K Investment Management LLC now owns 136,261 shares of the real estate investment trust’s stock valued at $13,927,000 after buying an additional 16,837 shares during the last quarter. Finally, Boston Advisors LLC boosted its position in Mid-America Apartment Communities by 20.2% in the first quarter. Boston Advisors LLC now owns 8,093 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 1,360 shares during the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.

Shares of Mid-America Apartment Communities Inc. (NYSE:MAA) traded up 0.416% during midday trading on Monday, reaching $93.005. 51,710 shares of the company’s stock were exchanged. The stock has a market cap of $7.03 billion, a PE ratio of 31.431 and a beta of 0.51. The company’s 50 day moving average is $98.13 and its 200-day moving average is $100.08. Mid-America Apartment Communities Inc. has a 12 month low of $78.21 and a 12 month high of $110.01.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.08. The company had revenue of $272.20 million for the quarter, compared to analyst estimates of $272.71 million. Mid-America Apartment Communities had a return on equity of 7.10% and a net margin of 20.93%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 earnings per share. Equities analysts forecast that Mid-America Apartment Communities Inc. will post $5.92 EPS for the current fiscal year.

Several equities analysts recently commented on MAA shares. Cantor Fitzgerald reiterated a “buy” rating and set a $99.00 target price on shares of Mid-America Apartment Communities in a research note on Sunday, June 5th. Jefferies Group cut their target price on shares of Mid-America Apartment Communities from $104.00 to $103.00 and set a “hold” rating for the company in a research note on Wednesday, June 8th. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Wednesday, July 6th. BMO Capital Markets cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $108.00 to $114.00 in a research note on Friday, July 8th. They noted that the move was a valuation call. Finally, KeyCorp upgraded shares of Mid-America Apartment Communities from a “sector weight” rating to an “overweight” rating and set a $119.00 price objective for the company in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $103.25.

Mid-America Apartment Communities Company Profile

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