Wolverine Asset Management LLC Acquires 9,888 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Wolverine Asset Management LLC lifted its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 87.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,207 shares of the real estate investment trust’s stock after buying an additional 9,888 shares during the quarter. Wolverine Asset Management LLC’s holdings in Mid-America Apartment Communities were worth $3,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MAA. DecisionPoint Financial LLC acquired a new position in shares of Mid-America Apartment Communities during the first quarter worth approximately $26,000. EdgeRock Capital LLC bought a new stake in Mid-America Apartment Communities during the 2nd quarter valued at $26,000. First United Bank & Trust acquired a new position in Mid-America Apartment Communities during the fourth quarter worth $27,000. Mather Group LLC. bought a new position in shares of Mid-America Apartment Communities in the first quarter valued at $32,000. Finally, Versant Capital Management Inc grew its holdings in shares of Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Mid-America Apartment Communities Trading Up 0.7 %

Shares of MAA opened at $163.57 on Wednesday. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $164.88. The stock has a market cap of $19.11 billion, a PE ratio of 34.29, a P/E/G ratio of 3.61 and a beta of 0.85. 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 business’s 50-day moving average price is $147.80 and its 200-day moving average price is $137.69.

Analyst Ratings Changes

Several research firms have recently commented on MAA. Wells Fargo & Company raised shares of Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $138.00 to $174.00 in a research report on Monday, August 26th. Scotiabank raised their target price on Mid-America Apartment Communities from $151.00 to $161.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Mizuho lifted their target price on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Wedbush increased their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Morgan Stanley lifted their price objective on shares of Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Mid-America Apartment Communities presently has a consensus rating of “Hold” and a consensus target price of $154.66.

Mid-America Apartment Communities 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.