Mid-America Apartment Communities, Inc. (MAA) Stake Lowered by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America decreased its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,412 shares of the real estate investment trust’s stock after selling 3,538 shares during the quarter. Teachers Insurance & Annuity Association of America owned 0.10% of Mid-America Apartment Communities worth $11,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Mid-America Apartment Communities by 2.0% during the first quarter. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust’s stock worth $2,006,709,000 after purchasing an additional 391,852 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Mid-America Apartment Communities by 1.7% during the second quarter. BlackRock Inc. now owns 10,441,227 shares of the real estate investment trust’s stock worth $1,100,295,000 after purchasing an additional 176,128 shares in the last quarter. State Street Corp grew its holdings in shares of Mid-America Apartment Communities by 2.0% during the first quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock worth $684,403,000 after purchasing an additional 134,757 shares in the last quarter. APG Asset Management US Inc. grew its holdings in shares of Mid-America Apartment Communities by 7.7% during the second quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock worth $383,521,000 after purchasing an additional 260,897 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Mid-America Apartment Communities by 90.7% during the second quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock worth $253,615,000 after purchasing an additional 1,144,768 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

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In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the firm’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 completion of the transaction, the director now owns 77,180 shares in the company, valued at approximately $8,207,321.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.25% of the company’s stock.

Shares of Mid-America Apartment Communities, Inc. (MAA) traded down 0.13% during mid-day trading on Monday, reaching $108.08. The company’s stock had a trading volume of 96,706 shares. Mid-America Apartment Communities, Inc. has a 52-week low of $85.04 and a 52-week high of $110.95. The company has a 50-day moving average price of $106.01 and a 200 day moving average price of $103.19. The company has a market cap of $12.28 billion, a PE ratio of 49.97 and a beta of 0.35.

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

Several research analysts have recently commented on the company. BidaskClub raised Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a $120.00 target price on shares of Mid-America Apartment Communities in a research report on Sunday, September 10th. BTIG Research upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 target price for the company in a research report on Friday, September 8th. Finally, Stifel Nicolaus began coverage on Mid-America Apartment Communities in a research report on Thursday, August 31st. They issued a “hold” rating and a $113.00 target price for the company. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus target price of $109.75.

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.

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

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