Prudential PLC acquired a new position in Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,473 shares of the real estate investment trust’s stock, valued at approximately $210,000.
Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC raised its position in Mid-America Apartment Communities by 7.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 17,319 shares of the real estate investment trust’s stock worth $2,470,000 after acquiring an additional 1,165 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Mid-America Apartment Communities in the 2nd quarter worth $241,000. Hahn Capital Management LLC raised its holdings in Mid-America Apartment Communities by 33.6% in the 2nd quarter. Hahn Capital Management LLC now owns 55,778 shares of the real estate investment trust’s stock worth $7,955,000 after purchasing an additional 14,013 shares during the period. Norden Group LLC purchased a new position in Mid-America Apartment Communities during the second quarter valued at $300,000. Finally, Candriam S.C.A. grew its holdings in Mid-America Apartment Communities by 8.9% during the second quarter. Candriam S.C.A. now owns 9,261 shares of the real estate investment trust’s stock valued at $1,321,000 after purchasing an additional 759 shares during the period. Institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Trading Up 1.1 %
Shares of MAA stock opened at $166.18 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $166.29. The stock’s 50-day moving average price is $151.42 and its 200-day moving average price is $139.55.
Wall Street Analyst Weigh In
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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.
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