Pensionfund Sabic Lowers stake in Mid-America Apartment Communities Inc (MAA)

Mid-America Apartment Communities Inc (MAA) : Pensionfund Sabic reduced its stake in Mid-America Apartment Communities Inc by 54.97% during the most recent quarter end. The investment management company now holds a total of 6,800 shares of Mid-America Apartment Communities Inc which is valued at $688,500 after selling 8,300 shares in Mid-America Apartment Communities Inc according to a report filed by the company on Apr 4, 2016 with the SEC.Mid-America Apartment Communities Inc makes up approximately 0.21% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in MAA by selling 25,700 shares or 59.77% in the most recent quarter. The Hedge Fund company now holds 17,300 shares of MAA which is valued at $1.8 Million. Mid-America Apartment Communities Inc makes up approx 0.24% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Mid-America Apartment Communities Inc reported $1.45 EPS for the quarter, based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus estimate of $1.45. The company had revenue of $263.34 million for the quarter, compared to analysts expectations of $263.22 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 $1.32 EPS.

Many Wall Street Analysts have commented on Mid-America Apartment Communities Inc. Mid-America Apartment Communities Inc was Downgraded by Mizuho to ” Neutral” on Mar 21, 2016. DA Davidson Downgraded Mid-America Apartment Communities Inc on Mar 11, 2016 to ” Neutral”, Price Target of the shares are set at $97.Company shares were Reiterated by Oppenheimer on Feb 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 104 from a previous price target of $103 .

Mid-America Apartment Communities Inc closed down -1.49 points or -1.45% at $101.25 with 3,27,238 shares getting traded on Monday. Post opening the session at $102.58, the shares hit an intraday low of $101.24 and an intraday high of $102.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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