Stephens Inc. AR boosted its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,696 shares of the real estate investment trust’s stock after acquiring an additional 253 shares during the quarter. Stephens Inc. AR’s holdings in Mid-America Apartment Communities were worth $284,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in Mid-America Apartment Communities by 2.0% in the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock worth $684,403,000 after acquiring an additional 134,757 shares in the last quarter. Aviva PLC increased its stake in Mid-America Apartment Communities by 1.2% in the 2nd quarter. Aviva PLC now owns 70,978 shares of the real estate investment trust’s stock worth $7,481,000 after purchasing an additional 860 shares in the last quarter. Retirement Systems of Alabama increased its stake in Mid-America Apartment Communities by 295.1% in the 2nd quarter. Retirement Systems of Alabama now owns 216,868 shares of the real estate investment trust’s stock worth $22,854,000 after purchasing an additional 161,982 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Mid-America Apartment Communities by 5.6% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 91,366 shares of the real estate investment trust’s stock worth $9,296,000 after purchasing an additional 4,824 shares in the last quarter. Finally, GAM Holding AG increased its stake in Mid-America Apartment Communities by 2.4% in the 2nd quarter. GAM Holding AG now owns 15,525 shares of the real estate investment trust’s stock worth $1,636,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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In other news, Director David P. Stockert sold 6,872 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the sale, the director now owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.25% of the company’s stock.

Mid-America Apartment Communities, Inc. (MAA) opened at 107.16 on Friday. Mid-America Apartment Communities, Inc. has a 1-year low of $85.04 and a 1-year high of $110.95. The firm’s 50-day moving average price is $106.26 and its 200 day moving average price is $103.30. The stock has a market cap of $12.17 billion, a PE ratio of 49.54 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. The company had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. Mid-America Apartment Communities’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.54 earnings per share. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post $1.68 EPS for the current year.

A number of brokerages recently weighed in on MAA. Barclays PLC dropped their price target on Mid-America Apartment Communities from $117.00 to $116.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. BidaskClub raised Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. UBS AG cut Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price target on the stock. in a research note on Thursday, July 6th. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus began coverage on Mid-America Apartment Communities in a research note on Thursday, August 31st. They issued a “hold” rating and a $113.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $109.75.

Mid-America Apartment Communities Profile

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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