Benjamin F. Edwards & Company Inc. Raises Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Benjamin F. Edwards & Company Inc. raised its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 54,613.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 78,788 shares of the real estate investment trust’s stock after acquiring an additional 78,644 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Mid-America Apartment Communities were worth $11,236,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $26,000. DecisionPoint Financial LLC purchased a new stake in Mid-America Apartment Communities during the 1st quarter valued at about $26,000. Versant Capital Management Inc raised its holdings in Mid-America Apartment Communities by 3,071.4% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares during the last quarter. Mather Group LLC. purchased a new position in Mid-America Apartment Communities in the 1st quarter worth approximately $32,000. Finally, UMB Bank n.a. lifted its stake in Mid-America Apartment Communities by 82.4% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America upgraded Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and upped their target price for the company from $144.00 to $189.00 in a report on Monday, August 12th. Wells Fargo & Company upgraded 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. Deutsche Bank Aktiengesellschaft lifted 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. Wedbush upped their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada lifted their price objective on Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.91.

Mid-America Apartment Communities Trading Down 1.2 %

NYSE MAA opened at $162.46 on Friday. The firm’s fifty day moving average price is $153.86 and its 200 day moving average price is $140.86. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month 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. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88.

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.