Mid-America Apartment Communities Inc (MAA) : Globeflex Capital L P reduced its stake in Mid-America Apartment Communities Inc by 1.28% during the most recent quarter end. The investment management company now holds a total of 29,269 shares of Mid-America Apartment Communities Inc which is valued at $2,988,365 after selling 381 shares in Mid-America Apartment Communities Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Mid-America Apartment Communities Inc makes up approximately 0.82% of Globeflex Capital L P’s portfolio.
Other Hedge Funds, Including , Hanseatic Management Services Inc reduced its stake in MAA by selling 112 shares or 26.23% in the most recent quarter. The Hedge Fund company now holds 315 shares of MAA which is valued at $32,162. Mid-America Apartment Communities Inc makes up approx 0.01% of Hanseatic Management Services Inc’s portfolio.Russell Frank Co reduced its stake in MAA by selling 120,276 shares or 23.42% in the most recent quarter. The Hedge Fund company now holds 393,303 shares of MAA which is valued at $37,643,030. Mid-America Apartment Communities Inc makes up approx 0.07% of Russell Frank Co’s portfolio.Private Capital Management Inc reduced its stake in MAA by selling 6,850 shares or 77.4% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of MAA which is valued at $192,820. Mid-America Apartment Communities Inc makes up approx 0.17% of Private Capital Management Inc’s portfolio.Fisher Asset Management boosted its stake in MAA in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 562,026 shares of Mid-America Apartment Communities Inc which is valued at $54,184,927. Mid-America Apartment Communities Inc makes up approx 0.11% of Fisher Asset Management’s portfolio.
Mid-America Apartment Communities Inc opened for trading at $103.08 and hit $103.86 on the upside on Tuesday, eventually ending the session at $102.81, with a gain of 0.18% or 0.18 points. The heightened volatility saw the trading volume jump to 4,00,704 shares. Company has a market cap of $7,763 M.
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 Downgraded by Jefferies to ” Hold” on Apr 22, 2016. 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.
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 Companys 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 Companys 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.