Silvercrest Asset Management Group LLC Buys 6,432 Shares of Mid-America Apartment Communities Inc (NYSE:MAA)

Silvercrest Asset Management Group LLC grew its stake in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 610,337 shares of the real estate investment trust’s stock after acquiring an additional 6,432 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.54% of Mid-America Apartment Communities worth $71,873,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $29,000. JJJ Advisors Inc. purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $31,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Mid-America Apartment Communities during the second quarter valued at $44,000. Meeder Asset Management Inc. boosted its position in shares of Mid-America Apartment Communities by 815.4% during the second quarter. Meeder Asset Management Inc. now owns 476 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 424 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its position in shares of Mid-America Apartment Communities by 733.0% during the first quarter. Zions Bancorporation N.A. now owns 783 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Several research firms recently commented on MAA. Scotiabank cut Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and dropped their price objective for the company from $114.00 to $107.00 in a research report on Tuesday, July 9th. Barclays increased their price objective on Mid-America Apartment Communities from $127.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Capital One Financial reaffirmed an “equal weight” rating on shares of Mid-America Apartment Communities in a research report on Monday. SunTrust Banks increased their price objective on Mid-America Apartment Communities to $130.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada increased their price objective on Mid-America Apartment Communities from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.54.



NYSE:MAA traded up $0.68 on Tuesday, hitting $128.74. The stock had a trading volume of 16,690 shares, compared to its average volume of 411,598. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 5.18 and a beta of 0.36. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $124.72 and its two-hundred day simple moving average is $115.76. Mid-America Apartment Communities Inc has a 52-week low of $91.21 and a 52-week high of $130.28.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 2,047 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $120.84, for a total value of $247,359.48. Following the transaction, the director now directly owns 65,240 shares of the company’s stock, valued at $7,883,601.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

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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