Goldman Sachs Group Inc. lessened its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 49.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,642,500 shares of the real estate investment trust’s stock after selling 1,631,856 shares during the period. Goldman Sachs Group Inc. owned 1.45% of Mid-America Apartment Communities worth $165,170,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Teachers Insurance & Annuity Association of America grew its holdings in Mid-America Apartment Communities by 9.3% during the 4th quarter. Teachers Insurance & Annuity Association of America now owns 123,965 shares of the real estate investment trust’s stock worth $12,466,000 after acquiring an additional 10,553 shares during the period. Guggenheim Capital LLC grew its holdings in shares of Mid-America Apartment Communities by 8.7% in the 4th quarter. Guggenheim Capital LLC now owns 354,206 shares of the real estate investment trust’s stock valued at $35,618,000 after buying an additional 28,305 shares during the period. Jefferies Group LLC grew its holdings in shares of Mid-America Apartment Communities by 14.6% in the 4th quarter. Jefferies Group LLC now owns 17,370 shares of the real estate investment trust’s stock valued at $1,747,000 after buying an additional 2,210 shares during the period. AMP Capital Investors Ltd grew its holdings in shares of Mid-America Apartment Communities by 13.5% in the 4th quarter. AMP Capital Investors Ltd now owns 119,560 shares of the real estate investment trust’s stock valued at $12,024,000 after buying an additional 14,209 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Mid-America Apartment Communities in the 4th quarter valued at $554,000. 94.79% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on MAA shares. DA Davidson set a $110.00 price target on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a report on Tuesday, January 30th. SunTrust Banks set a $102.00 price target on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, January 19th. They noted that the move was a valuation call. Cantor Fitzgerald reissued a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Monday, November 13th. Finally, Robert W. Baird set a $100.00 price target on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a research report on Friday, March 2nd. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $104.62.
Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.40). The firm had revenue of $382.74 million during the quarter, compared to the consensus estimate of $386.33 million. Mid-America Apartment Communities had a net margin of 21.42% and a return on equity of 4.99%. equities analysts predict that Mid-America Apartment Communities Inc will post 6.03 EPS for the current year.
In related news, Director Gary Shorb purchased 500 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $86.53 per share, with a total value of $43,265.00. Following the acquisition, the director now directly owns 4,750 shares in the company, valued at $411,017.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Claude B. Nielsen sold 7,200 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $86.44, for a total transaction of $622,368.00. Following the completion of the transaction, the director now directly owns 20,417 shares in the company, valued at $1,764,845.48. The disclosure for this sale can be found here. Over the last three months, insiders acquired 4,716 shares of company stock worth $426,200. Insiders own 1.25% of the company’s stock.
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Mid-America Apartment Communities Company Profile
Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.
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