WINTON GROUP Ltd reduced its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 29.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,433 shares of the real estate investment trust’s stock after selling 2,259 shares during the period. WINTON GROUP Ltd’s holdings in Mid-America Apartment Communities were worth $546,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Mid-America Apartment Communities by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 1,435,157 shares of the real estate investment trust’s stock worth $144,069,000 after acquiring an additional 80,407 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Mid-America Apartment Communities by 39.1% during the 4th quarter. Allianz Asset Management GmbH now owns 112,980 shares of the real estate investment trust’s stock worth $11,361,000 after acquiring an additional 31,779 shares in the last quarter. Amalgamated Bank grew its holdings in Mid-America Apartment Communities by 9.7% during the 4th quarter. Amalgamated Bank now owns 14,266 shares of the real estate investment trust’s stock worth $1,435,000 after acquiring an additional 1,265 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Mid-America Apartment Communities by 0.5% during the 4th quarter. OppenheimerFunds Inc. now owns 1,866,806 shares of the real estate investment trust’s stock worth $187,727,000 after acquiring an additional 9,541 shares in the last quarter. Finally, Alexandria Capital LLC acquired a new position in Mid-America Apartment Communities during the 4th quarter worth approximately $3,539,000. 94.79% of the stock is currently owned by hedge funds and other institutional investors.
MAA has been the subject of several analyst reports. Cantor Fitzgerald reiterated a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Jefferies Group cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Friday, January 12th. UBS Group cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 29th. Finally, Mizuho set a $91.00 price target on shares of Mid-America Apartment Communities and gave the stock a “hold” rating in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Mid-America Apartment Communities currently has a consensus rating of “Buy” and a consensus price target of $104.62.
Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.40). Mid-America Apartment Communities had a net margin of 21.42% and a return on equity of 4.99%. The company had revenue of $382.74 million during the quarter, compared to analyst estimates of $386.33 million. research analysts forecast that Mid-America Apartment Communities Inc will post 6.03 earnings per share for the current year.
In related news, Director Claude B. Nielsen sold 7,200 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $86.44, for a total transaction of $622,368.00. Following the completion of the sale, the director now owns 20,417 shares in the company, valued at approximately $1,764,845.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Shorb purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $86.53 per share, with a total value of $43,265.00. Following the purchase, the director now owns 4,750 shares in the company, valued at $411,017.50. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 4,716 shares of company stock valued at $426,200. Company insiders own 1.25% of the company’s stock.
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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.
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