Forsta AP Fonden Has $2.76 Million Position in Mid-America Apartment Communities Inc (MAA)

Forsta AP Fonden decreased its position in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,458 shares of the real estate investment trust’s stock after selling 1,600 shares during the period. Forsta AP Fonden’s holdings in Mid-America Apartment Communities were worth $2,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bridgeworth LLC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter worth $180,000. Tower Research Capital LLC TRC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter worth $1,806,000. Adelante Capital Management LLC purchased a new stake in Mid-America Apartment Communities during the 2nd quarter worth $21,007,000. Marshall Wace LLP purchased a new stake in Mid-America Apartment Communities during the 2nd quarter worth $20,058,000. Finally, Vident Investment Advisory LLC increased its stake in Mid-America Apartment Communities by 217.1% during the 2nd quarter. Vident Investment Advisory LLC now owns 16,657 shares of the real estate investment trust’s stock worth $1,677,000 after buying an additional 11,404 shares during the period. 93.02% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Russell R. French sold 4,993 shares of Mid-America Apartment Communities stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $100.69, for a total value of $502,745.17. Following the completion of the transaction, the director now directly owns 17,770 shares of the company’s stock, valued at approximately $1,789,261.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David P. Stockert sold 1,617 shares of Mid-America Apartment Communities stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $101.59, for a total transaction of $164,271.03. Following the completion of the transaction, the director now directly owns 75,563 shares of the company’s stock, valued at $7,676,445.17. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Shares of MAA stock opened at $102.28 on Monday. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 2.45 and a beta of 0.27. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.70. Mid-America Apartment Communities Inc has a 1-year low of $85.16 and a 1-year high of $110.24.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($1.00). The company had revenue of $390.10 million for the quarter, compared to analyst estimates of $389.62 million. Mid-America Apartment Communities had a return on equity of 5.28% and a net margin of 22.36%. Mid-America Apartment Communities’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 earnings per share. equities analysts forecast that Mid-America Apartment Communities Inc will post 6.04 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on MAA shares. ValuEngine downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. Stifel Nicolaus downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Thursday, August 2nd. BTIG Research downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “neutral” rating in a research note on Thursday, May 31st. SunTrust Banks lifted their price target on shares of Mid-America Apartment Communities to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, June 27th. Finally, Robert W. Baird reissued a “buy” rating and set a $105.00 price objective on shares of Mid-America Apartment Communities in a report on Thursday, August 16th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. Mid-America Apartment Communities presently has an average rating of “Hold” and a consensus price target of $103.40.

Mid-America Apartment Communities Company 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 throughout the United States. As of June 30, 2018, MAA had ownership interest in 101,362 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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