Ossiam bought a new stake in shares of Mid-America Apartment Communities Inc (NYSE:MAA) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 6,437 shares of the real estate investment trust’s stock, valued at approximately $758,000.
Other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $29,000. JJJ Advisors Inc. bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $44,000. Meeder Asset Management Inc. raised its position in shares of Mid-America Apartment Communities by 815.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 476 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 424 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its position in shares of Mid-America Apartment Communities by 733.0% during the 1st quarter. Zions Bancorporation N.A. now owns 783 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 689 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on MAA shares. Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. KeyCorp boosted their target price on shares of Mid-America Apartment Communities from $112.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Tuesday, May 28th. Scotiabank lowered shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the company from $114.00 to $107.00 in a report on Tuesday, July 9th. Finally, Barclays boosted their price objective on shares of Mid-America Apartment Communities from $127.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $116.54.
In other news, Director David P. Stockert sold 2,047 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the transaction, the director now owns 65,240 shares in the company, valued at $7,883,601.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
MAA stock traded up $0.13 during mid-day trading on Wednesday, reaching $128.07. The company had a trading volume of 12,470 shares, compared to its average volume of 455,939. Mid-America Apartment Communities Inc has a one year low of $91.21 and a one year high of $129.53. The stock has a market capitalization of $14.65 billion, a P/E ratio of 21.19, a P/E/G ratio of 5.25 and a beta of 0.36. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $123.85 and its two-hundred day simple moving average is $115.18.
Mid-America Apartment Communities Profile
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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