Raymond James Financial Services Advisors Inc. lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Rating) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,473 shares of the real estate investment trust’s stock after acquiring an additional 794 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Mid-America Apartment Communities were worth $1,644,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MAA. American Century Companies Inc. grew its position in Mid-America Apartment Communities by 228.2% in the 1st quarter. American Century Companies Inc. now owns 3,984 shares of the real estate investment trust’s stock worth $834,000 after purchasing an additional 2,770 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Mid-America Apartment Communities by 62.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,148 shares of the real estate investment trust’s stock worth $1,078,000 after buying an additional 1,974 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in Mid-America Apartment Communities by 22.1% during the first quarter. Cetera Advisor Networks LLC now owns 1,794 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 325 shares during the period. Acadian Asset Management LLC acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at approximately $393,000. Finally, Sei Investments Co. raised its holdings in Mid-America Apartment Communities by 7.5% in the 1st quarter. Sei Investments Co. now owns 50,699 shares of the real estate investment trust’s stock valued at $10,619,000 after acquiring an additional 3,544 shares in the last quarter. Institutional investors own 91.20% of the company’s stock.
Mid-America Apartment Communities Stock Down 0.2 %
NYSE MAA opened at $144.52 on Friday. The stock has a market capitalization of $16.86 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 7.99 and a beta of 0.77. Mid-America Apartment Communities, Inc. has a 52 week low of $138.68 and a 52 week high of $190.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a fifty day moving average of $148.65 and a 200-day moving average of $156.32.
Mid-America Apartment Communities Announces Dividend
Insiders Place Their Bets
In other news, EVP Melanie Carpenter sold 480 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $150.21, for a total value of $72,100.80. Following the transaction, the executive vice president now owns 16,669 shares of the company’s stock, valued at approximately $2,503,850.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. JMP Securities boosted their price objective on Mid-America Apartment Communities from $180.00 to $190.00 and gave the company a “market outperform” rating in a research report on Friday, February 3rd. 888 reaffirmed a “maintains” rating on shares of Mid-America Apartment Communities in a report on Friday, April 28th. The Goldman Sachs Group lowered their target price on shares of Mid-America Apartment Communities from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Barclays increased their price target on shares of Mid-America Apartment Communities from $185.00 to $192.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 1st. Finally, Scotiabank downgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and set a $150.00 price objective on the stock. in a report on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.30.
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 following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned.
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