Mid-America Apartment Communities, Inc. (NYSE:MAA) Short Interest Update

Mid-America Apartment Communities, Inc. (NYSE:MAA) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 3,040,000 shares, an increase of 7.0% from the July 31st total of 2,840,000 shares. Based on an average daily trading volume, of 661,100 shares, the short-interest ratio is currently 4.6 days.

Wall Street Analyst Weigh In

MAA has been the subject of a number of recent analyst reports. Wedbush boosted their price objective on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. UBS Group boosted their price objective on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $138.00 to $174.00 in a report on Monday, August 26th. Mizuho raised their target price on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Finally, JMP Securities increased their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $154.66.

Institutional Investors Weigh In On Mid-America Apartment Communities

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Mid-America Apartment Communities in the 4th quarter worth about $713,500,000. Massachusetts Financial Services Co. MA grew its stake in shares of Mid-America Apartment Communities by 188.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,451,578 shares of the real estate investment trust’s stock valued at $195,179,000 after buying an additional 949,171 shares in the last quarter. Duquesne Family Office LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at approximately $91,868,000. Balyasny Asset Management L.P. grew its stake in shares of Mid-America Apartment Communities by 96.9% during the fourth 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 acquiring an additional 600,547 shares in the last quarter. Finally, Long Pond Capital LP grew its position in shares of Mid-America Apartment Communities by 550.9% during the second quarter. Long Pond Capital LP now owns 647,011 shares of the real estate investment trust’s stock worth $92,270,000 after buying an additional 547,607 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Up 0.8 %

Mid-America Apartment Communities stock opened at $162.37 on Tuesday. 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 has a 1-year low of $115.56 and a 1-year high of $162.61. The company has a market cap of $18.97 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 3.61 and a beta of 0.85. The stock’s 50 day moving average price is $147.36 and its 200 day moving average price is $137.45.

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.