Pacer Advisors Inc. lifted its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,776 shares of the real estate investment trust’s stock after purchasing an additional 206 shares during the quarter. Pacer Advisors Inc.’s holdings in Mid-America Apartment Communities were worth $293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Mid-America Apartment Communities by 8.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 242,133 shares of the real estate investment trust’s stock valued at $25,516,000 after purchasing an additional 18,141 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Mid-America Apartment Communities by 15.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,737 shares of the real estate investment trust’s stock valued at $3,028,000 after purchasing an additional 3,823 shares during the period. Prudential Financial Inc. boosted its position in shares of Mid-America Apartment Communities by 89.2% in the 2nd quarter. Prudential Financial Inc. now owns 790,154 shares of the real estate investment trust’s stock valued at $83,267,000 after purchasing an additional 372,439 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at about $3,256,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Mid-America Apartment Communities by 46.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,530 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 2,060 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

In related news, Director David P. Stockert sold 6,872 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total value of $730,768.48. Following the completion of the sale, the director now directly owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.25% of the stock is owned by insiders.

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A number of analysts recently issued reports on MAA shares. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. BidaskClub raised Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research cut Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Barclays PLC decreased their target price on Mid-America Apartment Communities from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus started coverage on Mid-America Apartment Communities in a research report on Thursday, August 31st. They issued a “hold” rating and a $113.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $109.75.

Shares of Mid-America Apartment Communities, Inc. (NYSE MAA) opened at 106.25 on Thursday. Mid-America Apartment Communities, Inc. has a 52-week low of $85.04 and a 52-week high of $110.95. The firm has a market capitalization of $12.07 billion, a PE ratio of 49.12 and a beta of 0.35. The firm’s 50-day moving average price is $105.58 and its 200-day moving average price is $103.11.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The firm had revenue of $382.80 million during the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. Mid-America Apartment Communities’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 earnings per share. On average, equities analysts predict that Mid-America Apartment Communities, Inc. will post $1.68 earnings per share for the current fiscal year.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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