Foresight Group Ltd Liability Partnership Sells 800 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Foresight Group Ltd Liability Partnership reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,943 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Mid-America Apartment Communities comprises about 1.1% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 15th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Mid-America Apartment Communities were worth $2,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. increased its stake in Mid-America Apartment Communities by 1.1% during the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 77 shares during the last quarter. Telos Capital Management Inc. grew its stake in shares of Mid-America Apartment Communities by 0.8% during the second quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust’s stock valued at $1,437,000 after buying an additional 78 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Mid-America Apartment Communities by 5.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 90 shares during the last quarter. Covestor Ltd grew its stake in shares of Mid-America Apartment Communities by 12.3% during the first quarter. Covestor Ltd now owns 848 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 93 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Mid-America Apartment Communities by 0.5% during the first quarter. Czech National Bank now owns 20,536 shares of the real estate investment trust’s stock valued at $2,702,000 after buying an additional 99 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of NYSE:MAA opened at $163.92 on Thursday. The firm has a 50 day moving average of $152.47 and a 200 day moving average of $140.30. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a 52 week low of $115.56 and a 52 week high of $167.39. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAA. JMP Securities upped their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. 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 target price on the stock. Wedbush upped their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Scotiabank raised their price objective on Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $159.91.

About Mid-America Apartment Communities

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.