Catawba Capital Management Va Exits Position in Mid-America Apartment Communities Inc (MAA)

Mid-America Apartment Communities Inc (MAA) : Catawba Capital Management Va has sold out all of its stake in Mid-America Apartment Communities Inc during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 2,050 shares of Mid-America Apartment Communities Inc which is valued at $176,321.

Other Hedge Funds, Including , Simplex Trading added MAA to its portfolio by purchasing 10,105 company shares during the most recent quarter which is valued at $869,131. Mid-America Apartment Communities Inc makes up approx 0.11% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MAA by selling 27,161 shares or 61.21% in the most recent quarter. The Hedge Fund company now holds 17,211 shares of MAA which is valued at $1,509,233. Mid-America Apartment Communities Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.West Oak Capital boosted its stake in MAA in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 2,790 shares of Mid-America Apartment Communities Inc which is valued at $244,655. Mid-America Apartment Communities Inc makes up approx 0.17% of West Oak Capital’s portfolio.Washington Trust Bank boosted its stake in MAA in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 138 shares of Mid-America Apartment Communities Inc which is valued at $12,101.Eqis Capital Management boosted its stake in MAA in the latest quarter, The investment management firm added 5,002 additional shares and now holds a total of 12,764 shares of Mid-America Apartment Communities Inc which is valued at $1,119,275. Mid-America Apartment Communities Inc makes up approx 0.07% of Eqis Capital Management’s portfolio.

Mid-America Apartment Communities Inc closed down -0.73 points or -0.84% at $86.01 with 12,47,917 shares getting traded on Friday. Post opening the session at $87.04, the shares hit an intraday low of $85.04 and an intraday high of $88.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Investors should note that on Sep 27, 2016, Mid-America Apartment Communities Inc announced a cash dividend of $0.8200. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Oct 31, 2016.

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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