Mid-America Apartment Communities Inc (MAA) Position Trimmed by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in shares of Mid-America Apartment Communities Inc (NYSE:MAA) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,682 shares of the real estate investment trust’s stock after selling 5,234 shares during the quarter. Hsbc Holdings PLC owned 0.10% of Mid-America Apartment Communities worth $11,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. RVB Capital Management LLC acquired a new position in Mid-America Apartment Communities during the second quarter worth about $4,027,000. Centersquare Investment Management LLC acquired a new position in shares of Mid-America Apartment Communities in the second quarter valued at approximately $74,941,000. AMP Capital Investors Ltd increased its stake in shares of Mid-America Apartment Communities by 494.9% in the second quarter. AMP Capital Investors Ltd now owns 619,040 shares of the real estate investment trust’s stock valued at $62,320,000 after buying an additional 514,981 shares during the period. Pettee Investors Inc. increased its stake in shares of Mid-America Apartment Communities by 12.9% in the second quarter. Pettee Investors Inc. now owns 8,352 shares of the real estate investment trust’s stock valued at $841,000 after buying an additional 955 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Mid-America Apartment Communities in the second quarter valued at approximately $2,995,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on MAA. SunTrust Banks reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Mid-America Apartment Communities in a research note on Thursday, August 9th. Citigroup set a $105.00 price objective on Mid-America Apartment Communities and gave the company a “hold” rating in a research note on Monday, November 5th. Capital One Financial reaffirmed an “equal weight” rating on shares of Mid-America Apartment Communities in a research note on Friday, October 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Mid-America Apartment Communities in a research note on Thursday, August 16th. Finally, Scotiabank started coverage on Mid-America Apartment Communities in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $102.59.

NYSE:MAA opened at $103.39 on Tuesday. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 2.45 and a beta of 0.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.17 and a quick ratio of 0.17. Mid-America Apartment Communities Inc has a fifty-two week low of $85.16 and a fifty-two week high of $104.98.

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