Mid-America Apartment Communities Inc (MAA) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 57.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,666 shares of the real estate investment trust’s stock after selling 38,644 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Mid-America Apartment Communities were worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. purchased a new position in Mid-America Apartment Communities during the 3rd quarter valued at $353,000. Janney Montgomery Scott LLC boosted its holdings in shares of Mid-America Apartment Communities by 28.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 845 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Mid-America Apartment Communities by 32.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 6,129 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 1,500 shares in the last quarter. ING Groep NV bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter valued at $449,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Mid-America Apartment Communities by 2.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 457,049 shares of the real estate investment trust’s stock valued at $45,787,000 after buying an additional 9,783 shares in the last quarter. Hedge funds and other institutional investors own 93.12% of the company’s stock.

MAA has been the topic of a number of research reports. BMO Capital Markets restated a “hold” rating and set a $102.00 target price on shares of Mid-America Apartment Communities in a report on Wednesday, January 30th. Zacks Investment Research cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. Barclays restated a “buy” rating on shares of Mid-America Apartment Communities in a report on Wednesday, November 28th. ValuEngine upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Finally, TheStreet upgraded shares of Mid-America Apartment Communities from a “c+” rating to a “b-” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $104.56.

In related news, CEO H Eric Bolton, Jr. sold 338 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $107.04, for a total value of $36,179.52. Following the transaction, the chief executive officer now owns 222,316 shares in the company, valued at approximately $23,796,704.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider H Eric Bolton, Jr. sold 262 shares of the company’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $97.84, for a total transaction of $25,634.08. Following the completion of the transaction, the insider now owns 224,347 shares in the company, valued at approximately $21,950,110.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,942 shares of company stock worth $404,628. 1.26% of the stock is currently owned by company insiders.

Shares of MAA stock opened at $107.67 on Friday. The firm has a market cap of $12.26 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 3.31 and a beta of 0.49. Mid-America Apartment Communities Inc has a 12 month low of $86.61 and a 12 month high of $108.45. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.71.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.55. The company had revenue of $398.15 million for the quarter, compared to analysts’ expectations of $399.19 million. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. Mid-America Apartment Communities’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 EPS. As a group, analysts expect that Mid-America Apartment Communities Inc will post 6.19 earnings per share for the current year.

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Mid-America Apartment Communities Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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