ETRADE Capital Management LLC Increases Stake in Mid-America Apartment Communities, Inc. (MAA)

ETRADE Capital Management LLC lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 43.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,920 shares of the real estate investment trust’s stock after acquiring an additional 3,018 shares during the period. ETRADE Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $1,045,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. ING Groep NV raised its position in shares of Mid-America Apartment Communities by 0.4% in the 2nd quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock worth $613,000 after acquiring an additional 22 shares in the last quarter. United Capital Financial Advisers LLC raised its position in shares of Mid-America Apartment Communities by 1.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 4,057 shares of the real estate investment trust’s stock worth $413,000 after acquiring an additional 45 shares in the last quarter. BB&T Corp raised its position in shares of Mid-America Apartment Communities by 0.9% in the 2nd quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock worth $560,000 after acquiring an additional 47 shares in the last quarter. Cleararc Capital Inc. raised its position in shares of Mid-America Apartment Communities by 1.9% in the 1st quarter. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 53 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Mid-America Apartment Communities by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock worth $809,000 after acquiring an additional 58 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Mid-America Apartment Communities, Inc. (MAA) opened at 107.16 on Friday. The company’s 50-day moving average price is $106.26 and its 200-day moving average price is $103.30. Mid-America Apartment Communities, Inc. has a 52-week low of $85.04 and a 52-week high of $110.95. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 49.54 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $382.80 million during the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. Mid-America Apartment Communities’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. Equities research analysts expect that Mid-America Apartment Communities, Inc. will post $1.68 EPS for the current fiscal year.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the sale, the director now owns 77,180 shares in the company, valued at $8,207,321.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.25% of the stock is owned by corporate insiders.

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Several research analysts have recently issued reports on MAA shares. BidaskClub lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. ValuEngine raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. BTIG Research raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 target price for the company in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $112.00 target price on shares of Mid-America Apartment Communities in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of “Buy” and a consensus target price of $109.75.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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