Natixis Advisors L.P. Purchases 1,734 Shares of Mid-America Apartment Communities Inc (NYSE:MAA)

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Natixis Advisors L.P. boosted its position in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 49,215 shares of the real estate investment trust’s stock after purchasing an additional 1,734 shares during the quarter. Natixis Advisors L.P.’s holdings in Mid-America Apartment Communities were worth $5,795,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Mid-America Apartment Communities by 6.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,411 shares of the real estate investment trust’s stock valued at $11,331,000 after buying an additional 6,237 shares during the last quarter. Cutler Group LP increased its holdings in Mid-America Apartment Communities by 29.0% in the 2nd quarter. Cutler Group LP now owns 1,333 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 300 shares in the last quarter. Hexavest Inc. bought a new stake in Mid-America Apartment Communities in the 2nd quarter worth about $24,133,000. State Board of Administration of Florida Retirement System raised its position in Mid-America Apartment Communities by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 161,609 shares of the real estate investment trust’s stock worth $17,669,000 after buying an additional 1,270 shares during the last quarter. Finally, FMR LLC raised its position in Mid-America Apartment Communities by 28.2% in the 1st quarter. FMR LLC now owns 1,352,227 shares of the real estate investment trust’s stock worth $147,839,000 after buying an additional 297,563 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 2,047 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $120.84, for a total transaction of $247,359.48. Following the completion of the transaction, the director now owns 65,240 shares in the company, valued at $7,883,601.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Shares of MAA stock traded down $0.09 on Wednesday, reaching $127.85. The company’s stock had a trading volume of 11,193 shares, compared to its average volume of 455,939. The stock’s fifty day simple moving average is $123.85 and its 200-day simple moving average is $115.18. Mid-America Apartment Communities Inc has a 1 year low of $91.21 and a 1 year high of $129.53. The company has a market capitalization of $14.65 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 5.25 and a beta of 0.36. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.72.

A number of analysts have recently issued reports on MAA shares. Royal Bank of Canada raised their price target on shares of Mid-America Apartment Communities from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, May 20th. SunTrust Banks boosted their price objective on shares of Mid-America Apartment Communities to $130.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Tuesday, May 28th. KeyCorp raised their target price on shares of Mid-America Apartment Communities from $112.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Barclays raised their target price on shares of Mid-America Apartment Communities from $127.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $116.54.

About Mid-America Apartment Communities

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.

Further Reading: Net Margin

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

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