LGT Financial Advisors LLC Has $61,000 Stock Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

LGT Financial Advisors LLC lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 59.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 430 shares of the real estate investment trust’s stock after selling 635 shares during the quarter. LGT Financial Advisors LLC’s holdings in Mid-America Apartment Communities were worth $61,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors L.P. increased its stake in shares of Mid-America Apartment Communities by 42.4% during the 4th quarter. Natixis Advisors L.P. now owns 31,266 shares of the real estate investment trust’s stock worth $4,204,000 after purchasing an additional 9,306 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Mid-America Apartment Communities by 53.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 378 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 132 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Mid-America Apartment Communities by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,287,552 shares of the real estate investment trust’s stock valued at $173,124,000 after buying an additional 35,538 shares during the last quarter. Principal Securities Inc. acquired a new stake in Mid-America Apartment Communities during the 4th quarter valued at $109,000. Finally, Donoghue Forlines LLC boosted its position in Mid-America Apartment Communities by 17.6% during the fourth quarter. Donoghue Forlines LLC now owns 4,050 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 605 shares during the period. Institutional investors own 93.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAA. JMP Securities lifted their target price on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Wells Fargo & Company raised Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $138.00 to $174.00 in a report on Monday, August 26th. Scotiabank boosted their price objective on shares of 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. The Goldman Sachs Group initiated coverage on shares of Mid-America Apartment Communities in a research report on Wednesday. They set a “buy” rating and a $187.00 target price on the stock. Finally, Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $157.03.

Mid-America Apartment Communities Stock Performance

Shares of MAA stock opened at $161.15 on Friday. The stock has a market capitalization of $18.83 billion, a PE ratio of 33.78, a PEG ratio of 3.61 and a beta of 0.85. The business’s 50 day simple moving average is $148.69 and its 200 day simple moving average is $138.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $165.14.

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.