Tredje AP fonden Cuts Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Tredje AP fonden decreased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,506 shares of the real estate investment trust’s stock after selling 287 shares during the period. Tredje AP fonden’s holdings in Mid-America Apartment Communities were worth $2,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Mid-America Apartment Communities by 163.1% during 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 purchasing an additional 13,474 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Mid-America Apartment Communities in the fourth quarter valued at approximately $744,000. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Mid-America Apartment Communities by 34.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,872 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 740 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Mid-America Apartment Communities by 26.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,310 shares of the real estate investment trust’s stock worth $1,521,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Mid-America Apartment Communities by 54.9% during the 4th quarter. Wells Fargo & Company MN now owns 216,091 shares of the real estate investment trust’s stock worth $29,056,000 after acquiring an additional 76,598 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MAA. Deutsche Bank Aktiengesellschaft increased their target price on Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Truist Financial raised their target price on Mid-America Apartment Communities from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Piper Sandler upped their price target on Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $138.00 to $174.00 in a research note on Monday, August 26th. Finally, Janney Montgomery Scott upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $159.91.

Mid-America Apartment Communities Trading Up 0.4 %

Mid-America Apartment Communities stock opened at $164.51 on Friday. 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 quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $19.22 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.66 and a beta of 0.88. The firm has a 50-day moving average price of $152.95 and a two-hundred day moving average price of $140.46.

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.