Menta Capital buys $4.7 Million stake in Mid-America Apartment Communities Inc (MAA)

Mid-America Apartment Communities Inc (MAA) : Menta Capital scooped up 30,100 additional shares in Mid-America Apartment Communities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 45,631 shares of Mid-America Apartment Communities Inc which is valued at $4.7 Million.Mid-America Apartment Communities Inc makes up approximately 0.65% of Menta Capital’s portfolio.

Other Hedge Funds, Including , Huntington Asset Advisors added MAA to its portfolio by purchasing 1,625 company shares during the most recent quarter which is valued at $166,920. Mid-America Apartment Communities Inc makes up approx 0.11% of Huntington Asset Advisors’s portfolio.Blackrock Group Ltd boosted its stake in MAA in the latest quarter, The investment management firm added 192,161 additional shares and now holds a total of 822,644 shares of Mid-America Apartment Communities Inc which is valued at $84.5 Million. Mid-America Apartment Communities Inc makes up approx 0.05% of Blackrock Group Ltd’s portfolio. Andra Ap-fonden added MAA to its portfolio by purchasing 26,000 company shares during the most recent quarter which is valued at $2.7 Million. Mid-America Apartment Communities Inc makes up approx 0.07% of Andra Ap-fonden’s portfolio.Swiss National Bank boosted its stake in MAA in the latest quarter, The investment management firm added 94,956 additional shares and now holds a total of 195,900 shares of Mid-America Apartment Communities Inc which is valued at $20 Million. Mid-America Apartment Communities Inc makes up approx 0.04% of Swiss National Bank’s portfolio.

Mid-America Apartment Communities Inc opened for trading at $102.72 and hit $104.05 on the upside on Monday, eventually ending the session at $103.66, with a gain of 0.92% or 0.94 points. The heightened volatility saw the trading volume jump to 4,35,142 shares. Company has a market cap of $7,827 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 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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