BB&T Securities LLC Takes $237,000 Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

BB&T Securities LLC acquired a new stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,254 shares of the real estate investment trust’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently bought and sold shares of the business. ZWJ Investment Counsel Inc. purchased a new stake in Mid-America Apartment Communities during the second quarter valued at about $327,000. Cidel Asset Management Inc. lifted its stake in Mid-America Apartment Communities by 2.1% during the second quarter. Cidel Asset Management Inc. now owns 132,701 shares of the real estate investment trust’s stock valued at $13,984,000 after buying an additional 2,750 shares in the last quarter. Legal & General Group Plc lifted its stake in Mid-America Apartment Communities by 8.0% during the second quarter. Legal & General Group Plc now owns 772,019 shares of the real estate investment trust’s stock valued at $81,355,000 after buying an additional 56,939 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Mid-America Apartment Communities by 243.8% in the second quarter. SG Americas Securities LLC now owns 51,652 shares of the real estate investment trust’s stock worth $5,443,000 after purchasing an additional 36,626 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its position in shares of Mid-America Apartment Communities by 29.6% in the second quarter. State of Wisconsin Investment Board now owns 146,156 shares of the real estate investment trust’s stock worth $15,402,000 after purchasing an additional 33,359 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on MAA. UBS AG lowered shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price target for the company. in a research report on Thursday, July 6th. BidaskClub raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $112.00 price target on shares of Mid-America Apartment Communities in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $120.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, September 10th. Finally, Zacks Investment Research raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $109.75.

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In other news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $8,207,321.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.25% of the company’s stock.

Mid-America Apartment Communities, Inc. (NYSE MAA) opened at 107.16 on Friday. Mid-America Apartment Communities, Inc. has a 12-month low of $85.04 and a 12-month high of $110.95. The firm has a market cap of $12.17 billion, a P/E ratio of 49.54 and a beta of 0.35. The company has a 50-day moving average price of $106.26 and a 200-day moving average price of $103.30.

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

Mid-America Apartment Communities Company 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.

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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