Bokf Na Sells 178 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Bokf Na lessened its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 35.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 327 shares of the real estate investment trust’s stock after selling 178 shares during the period. Bokf Na’s holdings in Mid-America Apartment Communities were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAA. Johnson Investment Counsel Inc. raised its position in shares of Mid-America Apartment Communities by 1.1% in the second quarter. Johnson Investment Counsel Inc. now owns 6,986 shares of the real estate investment trust’s stock valued at $996,000 after purchasing an additional 77 shares during the period. Telos Capital Management Inc. raised its position in shares of Mid-America Apartment Communities by 0.8% in the second quarter. Telos Capital Management Inc. now owns 10,076 shares of the real estate investment trust’s stock valued at $1,437,000 after purchasing an additional 78 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Mid-America Apartment Communities by 5.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,762 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 90 shares during the period. Covestor Ltd raised its position in shares of Mid-America Apartment Communities by 12.3% in the first quarter. Covestor Ltd now owns 848 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 93 shares during the period. Finally, Czech National Bank raised its position in shares of Mid-America Apartment Communities by 0.5% in the first quarter. Czech National Bank now owns 20,536 shares of the real estate investment trust’s stock valued at $2,702,000 after purchasing an additional 99 shares during the period. Institutional investors own 93.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MAA. Piper Sandler boosted their target price on shares of Mid-America Apartment Communities from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada upped their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Janney Montgomery Scott upgraded shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mid-America Apartment Communities from $139.00 to $163.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, UBS Group upped their target price on shares of Mid-America Apartment Communities from $131.00 to $140.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $159.91.

Mid-America Apartment Communities Trading Down 1.6 %

Shares of Mid-America Apartment Communities stock opened at $164.00 on Wednesday. The stock has a market capitalization of $19.16 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $151.97 and a 200 day simple moving average of $140.04. Mid-America Apartment Communities, Inc. has a 12-month low of $115.56 and a 12-month high of $167.39.

Mid-America Apartment Communities Company Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.