Mid-America Apartment Communities Inc (MAA) : Rkl Wealth Management scooped up 740 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 Jul 25, 2016. The investment management firm now holds a total of 64,827 shares of Mid-America Apartment Communities Inc which is valued at $6,727,098.Mid-America Apartment Communities Inc makes up approximately 3.35% of Rkl Wealth Management’s portfolio.
Other Hedge Funds, Including , Daiwa Securities Group boosted its stake in MAA in the latest quarter, The investment management firm added 10,500 additional shares and now holds a total of 15,456 shares of Mid-America Apartment Communities Inc which is valued at $1,603,869. Mid-America Apartment Communities Inc makes up approx 0.01% of Daiwa Securities Group’s portfolio.Oakbrook Investments boosted its stake in MAA in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 3,909 shares of Mid-America Apartment Communities Inc which is valued at $417,286. Mid-America Apartment Communities Inc makes up approx 0.02% of Oakbrook Investments’s portfolio. 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. Beacon Financial Group added MAA to its portfolio by purchasing 3,243 company shares during the most recent quarter which is valued at $350,309. Mid-America Apartment Communities Inc makes up approx 0.07% of Beacon Financial Group’s portfolio.
Mid-America Apartment Communities Inc opened for trading at $103.68 and hit $106.89 on the upside on Friday, eventually ending the session at $106.02, with a gain of 2.14% or 2.22 points. The heightened volatility saw the trading volume jump to 5,73,638 shares. Company has a market cap of $8,006 M.
On the company’s financial health, Mid-America Apartment Communities Inc reported $1.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.47. The company had revenue of $272.20 million for the quarter, compared to analysts expectations of $272.82 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 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. 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.