Kempen Capital Management N.V. increased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 44.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,408 shares of the real estate investment trust’s stock after buying an additional 16,328 shares during the quarter. Kempen Capital Management N.V.’s holdings in Mid-America Apartment Communities were worth $5,628,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. ING Groep NV lifted its holdings in shares of Mid-America Apartment Communities by 0.4% in the second quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock valued at $613,000 after buying an additional 22 shares during the period. United Capital Financial Advisers LLC lifted its holdings in shares of Mid-America Apartment Communities by 1.1% in the first quarter. United Capital Financial Advisers LLC now owns 4,057 shares of the real estate investment trust’s stock valued at $413,000 after buying an additional 45 shares during the period. BB&T Corp lifted its holdings in shares of Mid-America Apartment Communities by 0.9% in the second quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 47 shares during the period. Cleararc Capital Inc. lifted its holdings in shares of Mid-America Apartment Communities by 1.9% in the first quarter. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 53 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Mid-America Apartment Communities by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock valued at $809,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Several analysts have recently weighed in on the company. Barclays PLC cut their price objective on Mid-America Apartment Communities from $117.00 to $116.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. BidaskClub upgraded Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. UBS AG lowered Mid-America Apartment Communities from a “buy” rating to a “neutral” rating and set a $107.00 price objective for the company. in a report on Thursday, July 6th. Zacks Investment Research upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Wednesday, July 12th. Finally, Stifel Nicolaus assumed coverage on Mid-America Apartment Communities in a report on Thursday, August 31st. They issued a “hold” rating and a $113.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.75.

In other news, Director David P. Stockert sold 6,872 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total value of $730,768.48. Following the transaction, the director now directly owns 77,180 shares in the company, valued at approximately $8,207,321.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.25% of the stock is owned by company insiders.

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Shares of Mid-America Apartment Communities, Inc. (MAA) traded up 1.13% during midday trading on Friday, hitting $108.22. The stock had a trading volume of 1,412,262 shares. Mid-America Apartment Communities, Inc. has a one year low of $85.04 and a one year high of $110.95. The firm’s 50-day moving average price is $106.01 and its 200-day moving average price is $103.19. The firm has a market capitalization of $12.29 billion, a PE ratio of 50.03 and a beta of 0.35.

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

Mid-America Apartment Communities Profile

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.

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

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