Naviter Wealth LLC lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,105 shares of the real estate investment trust’s stock after selling 1,008 shares during the period. Naviter Wealth LLC’s holdings in Mid-America Apartment Communities were worth $1,156,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at approximately $26,000. First United Bank & Trust acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at approximately $27,000. DecisionPoint Financial LLC bought a new stake in shares of Mid-America Apartment Communities during the first quarter worth $26,000. Versant Capital Management Inc increased its holdings in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Mid-America Apartment Communities in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 93.60% of the company’s stock.
Mid-America Apartment Communities Stock Performance
Shares of Mid-America Apartment Communities stock opened at $163.57 on Wednesday. The business has a 50-day simple moving average of $147.80 and a 200 day simple moving average of $137.69. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $164.88.
Wall Street Analyst Weigh In
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About Mid-America Apartment Communities
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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