National Bank of Canada FI Has $4.58 Million Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

National Bank of Canada FI increased its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 24.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,405 shares of the real estate investment trust’s stock after buying an additional 6,332 shares during the quarter. National Bank of Canada FI’s holdings in Mid-America Apartment Communities were worth $4,575,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAA. Benjamin F. Edwards & Company Inc. grew its position in Mid-America Apartment Communities by 53.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 132 shares in the last quarter. Principal Securities Inc. acquired a new stake in Mid-America Apartment Communities during the fourth quarter worth about $109,000. BNP Paribas Financial Markets grew its position in Mid-America Apartment Communities by 146.7% during the fourth quarter. BNP Paribas Financial Markets now owns 144,349 shares of the real estate investment trust’s stock worth $19,409,000 after buying an additional 85,843 shares in the last quarter. Ieq Capital LLC grew its position in Mid-America Apartment Communities by 56.7% during the fourth quarter. Ieq Capital LLC now owns 3,624 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 1,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Mid-America Apartment Communities by 188.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock worth $195,179,000 after buying an additional 949,171 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

MAA stock opened at $163.54 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. The company has a 50 day moving average price of $149.87 and a 200 day moving average price of $138.90. Mid-America Apartment Communities, Inc. has a fifty-two week low of $115.56 and a fifty-two week high of $165.95. The stock has a market capitalization of $19.11 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.88.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MAA shares. Mizuho lifted their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Wedbush raised their price target on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the stock a “hold” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 15th. Finally, Scotiabank raised their price target on shares of Mid-America Apartment Communities from $151.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $158.53.

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.