Teachers Retirement System of The State of Kentucky Sells 1,000 Shares of Mid-America Apartment Communities Inc (MAA)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,600 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Mid-America Apartment Communities were worth $1,062,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. bought a new position in Mid-America Apartment Communities during the third quarter worth about $120,000. Piedmont Investment Advisors LLC acquired a new stake in Mid-America Apartment Communities during the second quarter worth about $134,000. First Hawaiian Bank acquired a new stake in Mid-America Apartment Communities during the third quarter worth about $171,000. Bridgeworth LLC acquired a new stake in Mid-America Apartment Communities during the second quarter worth about $180,000. Finally, BB&T Securities LLC acquired a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at approximately $201,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MAA opened at $103.56 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.17 and a current ratio of 0.17. Mid-America Apartment Communities Inc has a one year low of $85.16 and a one year high of $104.98. The company has a market cap of $11.64 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 2.42 and a beta of 0.25.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $1.50 by ($1.04). Mid-America Apartment Communities had a return on equity of 4.36% and a net margin of 18.20%. The business had revenue of $397.10 million for the quarter, compared to analyst estimates of $393.76 million. During the same quarter in the prior year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts expect that Mid-America Apartment Communities Inc will post 6.04 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Barclays restated a “buy” rating on shares of Mid-America Apartment Communities in a research note on Wednesday. Citigroup set a $105.00 price target on shares of Mid-America Apartment Communities and gave the company a “hold” rating in a research note on Monday, November 5th. Capital One Financial restated an “equal weight” rating on shares of Mid-America Apartment Communities in a research note on Friday, October 19th. Scotiabank assumed coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Finally, Robert W. Baird restated a “buy” rating and issued a $105.00 price target on shares of Mid-America Apartment Communities in a research note on Thursday, August 16th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $102.59.

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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.

See Also: Preferred Stock

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

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