Fielder Capital Group LLC Invests $3.72 Million in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Fielder Capital Group LLC acquired a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,106 shares of the real estate investment trust’s stock, valued at approximately $3,723,000. Mid-America Apartment Communities makes up 1.4% of Fielder Capital Group LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAA. Wellington Management Group LLP increased its holdings in shares of Mid-America Apartment Communities by 323.8% during the 4th quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock worth $5,430,000 after acquiring an additional 30,855 shares during the last quarter. Perpetual Ltd acquired a new position in Mid-America Apartment Communities in the 1st quarter valued at $15,413,000. Miller Howard Investments Inc. NY grew its holdings in Mid-America Apartment Communities by 9.9% in the 1st quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock valued at $25,984,000 after buying an additional 17,765 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Mid-America Apartment Communities by 163.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock valued at $2,923,000 after buying an additional 13,474 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Mid-America Apartment Communities by 159.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock valued at $3,531,000 after buying an additional 16,144 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of research reports. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $138.00 to $174.00 in a report on Monday, August 26th. Morgan Stanley upped their price objective on Mid-America Apartment Communities from $129.50 to $138.50 and gave the company an “equal weight” rating in a report on Wednesday, May 15th. Scotiabank upped their target price on Mid-America Apartment Communities from $151.00 to $161.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Mizuho upped their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, JMP Securities upped their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $154.66.

Mid-America Apartment Communities Trading Up 0.8 %

Shares of MAA stock traded up $1.27 on Friday, hitting $162.37. The company had a trading volume of 687,537 shares, compared to its average volume of 756,646. The firm has a market cap of $18.98 billion, a P/E ratio of 34.04, a P/E/G ratio of 3.61 and a beta of 0.85. The stock’s 50-day moving average is $146.97 and its two-hundred day moving average is $137.14. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $162.61.

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.