Riverhead Capital Management buys $1,358,595,000 stake in Mid-America Apartment Communities Inc (MAA)

Mid-America Apartment Communities Inc (MAA) : Riverhead Capital Management scooped up 13,282,850 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 Aug 12, 2016. The investment management firm now holds a total of 13,300,000 shares of Mid-America Apartment Communities Inc which is valued at $1,358,595,000.Mid-America Apartment Communities Inc makes up approximately 22.45% of Riverhead Capital Management’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd reduced its stake in MAA by selling 200 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 26,400 shares of MAA which is valued at $2,696,760. Mid-America Apartment Communities Inc makes up approx 0.01% of Pictet Asset Management Ltd’s portfolio.Canada Pension Plan Investment Board reduced its stake in MAA by selling 2,790 shares or 41.03% in the most recent quarter. The Hedge Fund company now holds 4,010 shares of MAA which is valued at $409,622. Mizuho Asset Managementltd. added MAA to its portfolio by purchasing 927 company shares during the most recent quarter which is valued at $94,693. Mid-America Apartment Communities Inc makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio. Finemark National Bank Trust added MAA to its portfolio by purchasing 72 company shares during the most recent quarter which is valued at $7,302.Leavell Investment Management reduced its stake in MAA by selling 1,902 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 147,959 shares of MAA which is valued at $15,685,134. Mid-America Apartment Communities Inc makes up approx 2.26% of Leavell Investment Management’s portfolio.

Mid-America Apartment Communities Inc opened for trading at $94.23 and hit $95.32 on the upside on Monday, eventually ending the session at $94.41, with a gain of 0.68% or 0.64 points. The heightened volatility saw the trading volume jump to 7,18,370 shares. Company has a market cap of $7,131 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 SunTrust to ” Buy” on Aug 19, 2016. 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 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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