Nisa Investment Advisors LLC Has $16.79 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Nisa Investment Advisors LLC increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 117,735 shares of the real estate investment trust’s stock after purchasing an additional 1,750 shares during the period. Nisa Investment Advisors LLC’s holdings in Mid-America Apartment Communities were worth $16,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DecisionPoint Financial LLC acquired a new stake in shares of Mid-America Apartment Communities in the first quarter worth $26,000. First United Bank & Trust acquired a new stake in Mid-America Apartment Communities during the 4th quarter worth about $27,000. Mather Group LLC. acquired a new stake in Mid-America Apartment Communities during the 1st quarter worth about $32,000. Versant Capital Management Inc grew its stake in Mid-America Apartment Communities by 3,071.4% during 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Mid-America Apartment Communities by 53.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 132 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

Mid-America Apartment Communities Stock Performance

Shares of MAA opened at $152.65 on Tuesday. The company has a market capitalization of $17.83 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.27 and a beta of 0.85. 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, Inc. has a one year low of $115.56 and a one year high of $154.75. The company’s fifty day moving average price is $143.38 and its 200 day moving average price is $134.98.

Analysts Set New Price Targets

Several research firms recently commented on MAA. JMP Securities raised their price target on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada lifted their target price on shares of 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. Janney Montgomery Scott raised shares of 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 note on Thursday, June 13th. Mizuho increased their price objective 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. Finally, Wells Fargo & Company upped their target price on Mid-America Apartment Communities from $129.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $150.09.

Mid-America Apartment Communities Company 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.