Leavell Investment Management Lowers stake in Mid-America Apartment Communities Inc (MAA)

Mid-America Apartment Communities Inc (MAA) : Leavell Investment Management reduced its stake in Mid-America Apartment Communities Inc by 1.27% during the most recent quarter end. The investment management company now holds a total of 147,959 shares of Mid-America Apartment Communities Inc which is valued at $15,685,134 after selling 1,902 shares in Mid-America Apartment Communities Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Mid-America Apartment Communities Inc makes up approximately 2.26% of Leavell Investment Management’s portfolio.

Other Hedge Funds, Including , Trust Co Of Vermont added MAA to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $5,301.Btr Capital Management Inc reduced its stake in MAA by selling 953 shares or 6.63% in the most recent quarter. The Hedge Fund company now holds 13,412 shares of MAA which is valued at $1,410,138. Mid-America Apartment Communities Inc makes up approx 0.31% of Btr Capital Management Inc’s portfolio.Kelman-lazarov reduced its stake in MAA by selling 375 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 34,451 shares of MAA which is valued at $3,622,178. Mid-America Apartment Communities Inc makes up approx 2.04% of Kelman-lazarov’s portfolio. Curian Capital added MAA to its portfolio by purchasing 2,392 company shares during the most recent quarter which is valued at $258,360. Mid-America Apartment Communities Inc makes up approx 0.02% of Curian Capital’s portfolio.

Mid-America Apartment Communities Inc closed down -0.09 points or -0.08% at $106.01 with 4,83,811 shares getting traded on Wednesday. Post opening the session at $106.11, the shares hit an intraday low of $105.68 and an intraday high of $106.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Mid-America Apartment Communities Inc reported $1.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.44. The company had revenue of $269.01 million for the quarter, compared to analysts expectations of $265.13 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS.

Many Wall Street Analysts have commented on Mid-America Apartment Communities Inc. Mid-America Apartment Communities Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jul 15, 2016. Mid-America Apartment Communities Inc was Downgraded by Jefferies to ” Hold” on Apr 22, 2016.

Mid-America Apartment Communities Inc. is a multifamily focused self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments L.P. The Company owns operates acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Company’s segments include large market same store communities secondary market same store communities and non-same store communities and other. As of December 31 2014 the Company’s activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties located in Alabama Arizona Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri Nevada North Carolina South Carolina Tennessee Texas and Virginia.

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