Stock Mover of The Day: Institutional Investors Are Betting On Mid America Apartment Communities Inc (NYSE:MAA)

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Stock Mover of The Day: Institutional Investors Are Betting On Mid America Apartment Communities Inc (NYSE:MAA)

Sentiment for Mid America Apartment Communities Inc (NYSE:MAA)

Mid America Apartment Communities Inc (NYSE:MAA) institutional sentiment decreased to 1.28 in 2016 Q2. Its down -0.22, from 1.5 in 2016Q1. The ratio worsened, as 189 investment professionals opened new or increased holdings, while 126 sold and decreased positions in Mid America Apartment Communities Inc. The investment professionals in our partner’s database now own: 71.37 million shares, down from 72.52 million shares in 2016Q1. Also, the number of investment professionals holding Mid America Apartment Communities Inc in their top 10 holdings decreased from 3 to 1 for a decrease of 2. Sold All: 20 Reduced: 106 Increased: 137 New Position: 52.

Mid-America Apartment Communities, Inc. is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $7.21 billion.

About 11,223 shares traded hands. Mid-America Apartment Communities Inc (NYSE:MAA) has declined 2.94% since April 27, 2016 and is downtrending. It has underperformed by 8.17% the S&P500.

Analysts await Mid-America Apartment Communities Inc (NYSE:MAA) to report earnings on February, 1. They expect $1.50 EPS, up 3.45% or $0.05 from last year’s $1.45 per share. MAA’s profit will be $115.25 million for 15.64 P/E if the $1.50 EPS becomes a reality. After $1.49 actual EPS reported by Mid-America Apartment Communities Inc for the previous quarter, Wall Street now forecasts 0.67% EPS growth.

According to Zacks Investment Research, “Mid America Apartment Communities Inc. is a real estate investment trust which ownes and operates apartments. The company also manages but does not own properties containing apartment units. The company seeks to acquire and develop apartment communities appealing to middle and upper income residents.”

Eagle Capital Management Llc holds 3.2% of its portfolio in Mid-America Apartment Communities Inc for 27,278 shares. Breton Hill Capital Ltd. owns 69,851 shares or 2.39% of their US portfolio. Moreover, Shinko Asset Management Co. Ltd. has 2.37% invested in the company for 3.17 million shares. The Alabama-based Leavell Investment Management Inc. has invested 2.32% in the stock. Schulhoff & Co Inc, a Ohio-based fund reported 32,715 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 0 insider sales for $4,973 net activity.

Mid-America Apartment Communities Inc (NYSE:MAA) Ratings Coverage

Ratings analysis reveals 54% of Mid-America Apartment Communities’s analysts are positive. Out of 13 Wall Street analysts rating Mid-America Apartment Communities, 7 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $84 while the high is $109. The stock’s average target of $93.54 is -0.32% below today’s ($93.84) share price. MAA was included in 35 notes of analysts from July 21, 2015. BB&T Capital initiated Mid-America Apartment Communities Inc (NYSE:MAA) on Tuesday, November 10 with “Hold” rating. On Friday, August 19 the stock rating was upgraded by Suntrust Robinson to “Buy”. Raymond James upgraded the stock to “Outperform” rating in Tuesday, October 20 report. The stock has “Buy” rating given by Zacks on Thursday, August 27. The firm earned “Neutral” rating on Monday, October 5 by Robert W. Baird. The stock has “Buy” rating given by SunTrust on Tuesday, July 21. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The firm earned “Buy” rating on Friday, August 19 by SunTrust. Oppenheimer maintained Mid-America Apartment Communities Inc (NYSE:MAA) on Thursday, February 4 with “Outperform” rating. The company was upgraded on Thursday, October 20 by JMP Securities.

MAA Company Profile

Mid-America Apartment Communities, Inc. (MAA), incorporated on September 22, 1993, is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company’s divisions include Large market same store communities, Secondary market same store communities, and Non same store communities and other. The Company’s Large market same store communities segment includes communities in markets with a population of approximately one million and approximately 1% of the total public multifamily REIT units that it has owned and that have been stabilized for approximately 12 months; Secondary market same store communities segment includes communities in markets with populations of approximately one million with approximately 1% of the total public multifamily REIT units or markets with populations of approximately one million that it has owned and that have been stabilized for approximately 12 months, and Non same store communities and other segment includes recent acquisitions, communities in development or lease-up, communities that have been identified for disposition, and communities that have undergone a significant casualty loss. The Company’s Non same store communities and other also includes non-multifamily activities.

More news for Mid-America Apartment Communities Inc (NYSE:MAA) were recently published by: Prnewswire.com, which released: “Mid-America Apartment Communities, AmSurg to Join S&P 500; Others to Join S&P …” on November 29, 2016. Forbes.com‘s article titled: “Mid-America Apartment Communities Becomes Oversold” and published on August 15, 2016 is yet another important article.

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By Winifred Garcia

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