Retirement Systems of Alabama lessened its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 2.6% during the second quarter, HoldingsChannel.com reports. The fund owned 93,586 shares of the real estate investment trust’s stock after selling 2,470 shares during the quarter. Retirement Systems of Alabama’s holdings in Mid-America Apartment Communities were worth $13,346,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in MAA. International Assets Investment Management LLC purchased a new position in shares of Mid-America Apartment Communities in the fourth quarter worth approximately $145,000. Cerity Partners LLC bought a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $480,000. abrdn plc raised its stake in Mid-America Apartment Communities by 25.4% during the 4th quarter. abrdn plc now owns 85,542 shares of the real estate investment trust’s stock worth $11,502,000 after acquiring an additional 17,339 shares during the period. Handelsbanken Fonder AB raised its stake in Mid-America Apartment Communities by 26.7% during the 4th quarter. Handelsbanken Fonder AB now owns 39,832 shares of the real estate investment trust’s stock worth $5,356,000 after acquiring an additional 8,403 shares during the period. Finally, RWA Wealth Partners LLC bought a new stake in Mid-America Apartment Communities during the 4th quarter worth approximately $239,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Price Performance
MAA traded up $2.42 during trading hours on Friday, hitting $156.63. The company’s stock had a trading volume of 858,125 shares, compared to its average volume of 772,101. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $144.97 and its 200-day moving average price is $135.80. The stock has a market cap of $18.30 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 3.27 and a beta of 0.85. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $157.18.
Wall Street Analyst Weigh In
View Our Latest Analysis on Mid-America Apartment Communities
Mid-America Apartment Communities Company Profile
MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.
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