Raymond James Trust N.A. Cuts Stake in Mid-America Apartment Communities, Inc. (MAA)

Raymond James Trust N.A. lowered its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 66.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,023 shares of the real estate investment trust’s stock after selling 7,874 shares during the quarter. Raymond James Trust N.A.’s holdings in Mid-America Apartment Communities were worth $424,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Mid-America Apartment Communities by 2.0% in 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 acquiring an additional 134,757 shares during the period. Retirement Systems of Alabama boosted its holdings in Mid-America Apartment Communities by 295.1% during the second quarter. Retirement Systems of Alabama now owns 216,868 shares of the real estate investment trust’s stock worth $22,854,000 after buying an additional 161,982 shares in the last quarter. Aviva PLC boosted its holdings in Mid-America Apartment Communities by 1.2% during the second quarter. Aviva PLC now owns 70,978 shares of the real estate investment trust’s stock worth $7,481,000 after buying an additional 860 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Mid-America Apartment Communities by 5.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 91,366 shares of the real estate investment trust’s stock worth $9,296,000 after buying an additional 4,824 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its holdings in Mid-America Apartment Communities by 105.8% during the second quarter. Virginia Retirement Systems ET AL now owns 149,183 shares of the real estate investment trust’s stock worth $15,721,000 after buying an additional 76,700 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

MAA has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a $115.00 price target on shares of Mid-America Apartment Communities in a report on Monday, July 10th. BTIG Research raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Friday, September 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $112.00 price target on shares of Mid-America Apartment Communities in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $109.75.

In related news, Director David P. Stockert sold 6,872 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total value of $730,768.48. Following the sale, the director now directly owns 77,180 shares in the company, valued at approximately $8,207,321.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.25% of the stock is owned by insiders.

Mid-America Apartment Communities, Inc. (MAA) opened at 108.22 on Friday. Mid-America Apartment Communities, Inc. has a 12-month low of $85.04 and a 12-month high of $110.95. The stock has a market capitalization of $12.29 billion, a P/E ratio of 50.03 and a beta of 0.35. The firm’s 50-day moving average is $106.01 and its 200 day moving average is $103.19.

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

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Mid-America Apartment Communities 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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