Brown Brothers Harriman & Co. lifted its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA – Free Report) by 549.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,975 shares of the real estate investment trust’s stock after buying an additional 5,055 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Mid-America Apartment Communities were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in shares of Mid-America Apartment Communities by 323.8% during the fourth quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock worth $5,430,000 after purchasing an additional 30,855 shares in the last quarter. Perpetual Ltd purchased a new stake in shares of Mid-America Apartment Communities during the first quarter worth about $15,413,000. Miller Howard Investments Inc. NY grew its position in shares of Mid-America Apartment Communities by 9.9% during the first quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock worth $25,984,000 after purchasing an additional 17,765 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Mid-America Apartment Communities by 163.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock worth $2,923,000 after purchasing an additional 13,474 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Mid-America Apartment Communities by 159.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock worth $3,531,000 after purchasing an additional 16,144 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.
Mid-America Apartment Communities Price Performance
MAA opened at $164.00 on Wednesday. The business has a fifty day moving average of $151.97 and a 200 day moving average of $140.04. Mid-America Apartment Communities, Inc. has a 52-week low of $115.56 and a 52-week high of $167.39. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The stock has a market cap of $19.16 billion, a P/E ratio of 34.38, a PEG ratio of 3.66 and a beta of 0.88.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Mid-America Apartment Communities
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.
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