Commonwealth Equity Services LLC Sells 748 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Commonwealth Equity Services LLC lowered its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,923 shares of the real estate investment trust’s stock after selling 748 shares during the period. Commonwealth Equity Services LLC’s holdings in Mid-America Apartment Communities were worth $1,273,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Securities Inc. purchased a new position in Mid-America Apartment Communities during the fourth quarter valued at approximately $109,000. Janney Montgomery Scott LLC raised its position in shares of Mid-America Apartment Communities by 163.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock worth $2,923,000 after acquiring an additional 13,474 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Mid-America Apartment Communities during the 4th quarter worth $94,000. ING Groep NV boosted its position in Mid-America Apartment Communities by 9.1% during the fourth quarter. ING Groep NV now owns 15,975 shares of the real estate investment trust’s stock valued at $2,148,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Norges Bank purchased a new position in Mid-America Apartment Communities in the fourth quarter valued at about $713,500,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MAA. Bank of America raised shares of Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their price target for the company from $144.00 to $189.00 in a research report on Monday, August 12th. JMP Securities boosted their price target on Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $138.00 to $174.00 in a research note on Monday, August 26th. BNP Paribas began coverage on Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price target on the stock. Finally, Wedbush upped their price objective on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Hold” and an average price target of $159.15.

Mid-America Apartment Communities Price Performance

Shares of NYSE MAA opened at $166.18 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a fifty day moving average of $151.42 and a 200 day moving average of $139.75. The firm has a market cap of $19.42 billion, a PE ratio of 34.84, a PEG ratio of 3.66 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $166.29.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.