Benjamin F. Edwards & Company Inc. Purchases 78,644 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Benjamin F. Edwards & Company Inc. boosted its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 54,613.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,788 shares of the real estate investment trust’s stock after purchasing an additional 78,644 shares during the period. Benjamin F. Edwards & Company Inc. owned about 0.07% of Mid-America Apartment Communities worth $11,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. boosted its stake in shares of 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 valued at $996,000 after purchasing an additional 77 shares in the last quarter. Telos Capital Management Inc. boosted its position in Mid-America Apartment Communities by 0.8% during the 2nd quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 78 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Mid-America Apartment Communities by 5.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 90 shares during the period. Covestor Ltd raised its position in shares of Mid-America Apartment Communities by 12.3% in the 1st quarter. Covestor Ltd now owns 848 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 93 shares in the last quarter. Finally, Czech National Bank lifted its stake in shares of Mid-America Apartment Communities by 0.5% during the 1st quarter. Czech National Bank now owns 20,536 shares of the real estate investment trust’s stock worth $2,702,000 after purchasing an additional 99 shares during the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Janney Montgomery Scott raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, June 13th. UBS Group raised their price objective on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. 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 report on Friday, August 2nd. Finally, Royal Bank of Canada raised their price target on Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $159.91.

Mid-America Apartment Communities Trading Down 1.2 %

Shares of Mid-America Apartment Communities stock opened at $162.46 on Friday. The stock has a market cap of $18.98 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. The firm has a fifty day moving average price of $153.86 and a 200 day moving average price of $140.86. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities 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.