Bienville Capital Management LLC Raises Stake in Mid-America Apartment Communities, Inc. (MAA)

Bienville Capital Management LLC boosted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 25.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,403 shares of the real estate investment trust’s stock after acquiring an additional 4,680 shares during the period. Mid-America Apartment Communities accounts for 0.7% of Bienville Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Bienville Capital Management LLC’s holdings in Mid-America Apartment Communities were worth $2,466,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Mid-America Apartment Communities by 2.0% during the first quarter. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust’s stock valued at $2,006,709,000 after acquiring an additional 391,852 shares in the last quarter. BlackRock Inc. grew its stake in Mid-America Apartment Communities by 2,003.1% during the first quarter. BlackRock Inc. now owns 10,265,099 shares of the real estate investment trust’s stock valued at $1,044,371,000 after acquiring an additional 9,777,008 shares in the last quarter. State Street Corp grew its stake in shares of Mid-America Apartment Communities by 2.0% in the 1st quarter. State Street Corp now owns 6,727,050 shares of the real estate investment trust’s stock worth $684,403,000 after buying an additional 134,757 shares in the last quarter. APG Asset Management US Inc. grew its stake in shares of Mid-America Apartment Communities by 7.7% in the 2nd quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock worth $383,521,000 after buying an additional 260,897 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Mid-America Apartment Communities by 6.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,656,631 shares of the real estate investment trust’s stock worth $168,545,000 after buying an additional 104,406 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

In related news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total value of $730,768.48. Following the completion of the sale, the director now owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.25% of the company’s stock.

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Mid-America Apartment Communities, Inc. (NYSE:MAA) traded down 0.54% during trading on Wednesday, hitting $106.48. 127,754 shares of the company were exchanged. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 49.23 and a beta of 0.35. Mid-America Apartment Communities, Inc. has a 12 month low of $85.04 and a 12 month high of $110.95. The stock’s 50-day moving average is $105.44 and its 200-day moving average is $103.07.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The firm had revenue of $382.80 million during the quarter, compared to analyst estimates of $382.17 million. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Mid-America Apartment Communities’s quarterly revenue was up 40.6% on a year-over-year basis. Equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post $1.68 earnings per share for the current year.

MAA has been the subject of a number of recent research reports. BidaskClub cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 price objective on shares of Mid-America Apartment Communities in a research note on Monday, July 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $112.00 price objective on shares of Mid-America Apartment Communities in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $105.00 price objective on shares of Mid-America Apartment Communities in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $109.75.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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

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