Fidelis Capital Partners LLC Buys 358 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Fidelis Capital Partners LLC grew its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 35.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,365 shares of the real estate investment trust’s stock after purchasing an additional 358 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Mid-America Apartment Communities were worth $206,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MAA. Balyasny Asset Management L.P. raised its position in Mid-America Apartment Communities by 96.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock valued at $164,085,000 after buying an additional 600,547 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Mid-America Apartment Communities by 103.1% in the 4th quarter. 1832 Asset Management L.P. now owns 1,030,038 shares of the real estate investment trust’s stock worth $138,499,000 after acquiring an additional 522,851 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Mid-America Apartment Communities by 17.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after purchasing an additional 393,067 shares during the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of Mid-America Apartment Communities by 107.1% in the second quarter. Ceredex Value Advisors LLC now owns 662,110 shares of the real estate investment trust’s stock valued at $94,424,000 after purchasing an additional 342,335 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Mid-America Apartment Communities by 176.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 339,081 shares of the real estate investment trust’s stock valued at $48,356,000 after purchasing an additional 216,610 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $163.66 on Tuesday. The firm has a market cap of $19.12 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. 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 company’s 50 day moving average is $154.33 and its 200-day moving average is $141.24. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $167.39.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAA shares. Wells Fargo & Company upgraded shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $138.00 to $174.00 in a research note on Monday, August 26th. Bank of America raised 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. Mizuho lifted their price target on Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Janney Montgomery Scott upgraded 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 note on Thursday, June 13th. Finally, The Goldman Sachs Group initiated coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $159.91.

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.