Cambridge Investment Research Advisors Inc. Raises Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Cambridge Investment Research Advisors Inc. raised its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 16.1% during the second quarter, Holdings Channel.com reports. The firm owned 9,544 shares of the real estate investment trust’s stock after purchasing an additional 1,320 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Mid-America Apartment Communities were worth $1,361,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in Mid-America Apartment Communities in the 4th quarter valued at about $713,500,000. Blackstone Inc. raised its stake in shares of Mid-America Apartment Communities by 1.0% in the 4th quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock valued at $277,507,000 after acquiring an additional 20,000 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mid-America Apartment Communities by 188.9% in the 4th 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 acquiring an additional 949,171 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Mid-America Apartment Communities by 1.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock worth $190,086,000 after purchasing an additional 21,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Mid-America Apartment Communities by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,287,552 shares of the real estate investment trust’s stock worth $173,124,000 after purchasing an additional 35,538 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group began coverage on Mid-America Apartment Communities in a research report on Wednesday. They issued a “buy” rating and a $187.00 target price on the stock. Bank of America raised Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their target price for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. Mizuho lifted their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Royal Bank of Canada increased their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Finally, UBS Group increased their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $157.03.

Mid-America Apartment Communities Trading Down 0.3 %

NYSE MAA opened at $163.00 on Thursday. The firm’s fifty day moving average price is $148.28 and its 200 day moving average price is $137.87. Mid-America Apartment Communities, Inc. has a 12 month low of $115.56 and a 12 month high of $165.14. 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 $19.04 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 3.61 and a beta of 0.85.

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.