Los Angeles Capital Management & Equity Research Inc. trimmed its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,775 shares of the real estate investment trust’s stock after selling 771 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Mid-America Apartment Communities were worth $2,927,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MAA. BlackRock Inc. boosted its holdings in Mid-America Apartment Communities by 2,003.1% in the first quarter. BlackRock Inc. now owns 10,265,099 shares of the real estate investment trust’s stock worth $1,044,371,000 after acquiring an additional 9,777,008 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Mid-America Apartment Communities by 132.1% during the first quarter. Alliancebernstein L.P. now owns 1,261,902 shares of the real estate investment trust’s stock valued at $128,386,000 after purchasing an additional 718,168 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Mid-America Apartment Communities by 48.9% during the first quarter. Renaissance Technologies LLC now owns 1,433,141 shares of the real estate investment trust’s stock valued at $145,808,000 after purchasing an additional 470,800 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $2,006,709,000 after purchasing an additional 391,852 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Mid-America Apartment Communities by 109.7% during the first quarter. Legal & General Group Plc now owns 715,080 shares of the real estate investment trust’s stock valued at $72,751,000 after purchasing an additional 374,150 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at 106.98 on Friday. The firm has a 50-day moving average price of $105.86 and a 200-day moving average price of $103.15. 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 cap of $12.15 billion, a PE ratio of 49.46 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. Equities analysts forecast that Mid-America Apartment Communities, Inc. will post $1.68 EPS for the current year.

In other news, Director David P. Stockert sold 6,872 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total value of $730,768.48. Following the completion of the transaction, the director now owns 77,180 shares of the company’s stock, valued at approximately $8,207,321.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.25% of the company’s stock.

A number of research analysts have recently issued reports on the company. Barclays PLC lowered their price target on Mid-America Apartment Communities from $117.00 to $116.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. BidaskClub raised Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. UBS AG downgraded Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price target on the stock. in a report on Thursday, July 6th. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Wednesday, July 12th. Finally, Stifel Nicolaus assumed coverage on Mid-America Apartment Communities in a report on Thursday, August 31st. They set a “hold” rating and a $113.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $109.75.

About Mid-America Apartment Communities

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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