Mid-America Apartment Communities, Inc. (NYSE:MAA) Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 356,679 shares of the real estate investment trust’s stock after purchasing an additional 9,986 shares during the quarter. Hsbc Holdings PLC’s holdings in Mid-America Apartment Communities were worth $50,758,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its position in Mid-America Apartment Communities by 17.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock worth $375,515,000 after buying an additional 393,067 shares during the last quarter. Blackstone Inc. boosted its stake in Mid-America Apartment Communities by 1.0% in the 4th quarter. Blackstone Inc. now owns 2,063,861 shares of the real estate investment trust’s stock worth $277,507,000 after purchasing an additional 20,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mid-America Apartment Communities by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock worth $244,803,000 after purchasing an additional 97,672 shares during the period. Canada Pension Plan Investment Board boosted its stake in Mid-America Apartment Communities by 1.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,444,641 shares of the real estate investment trust’s stock worth $190,086,000 after purchasing an additional 21,000 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in Mid-America Apartment Communities by 96.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,220,328 shares of the real estate investment trust’s stock worth $164,085,000 after purchasing an additional 600,547 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Down 1.2 %

MAA stock opened at $162.46 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.76. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39. The company has a fifty day simple moving average of $153.86 and a 200 day simple moving average of $140.86. The firm has a market cap of $18.98 billion, a PE ratio of 34.06, a PEG ratio of 3.66 and a beta of 0.88.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Mizuho raised their price objective on shares of Mid-America Apartment Communities from $126.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Scotiabank raised their price objective on shares of Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a research note on Monday, September 16th. JMP Securities raised their price objective on shares of Mid-America Apartment Communities from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $159.91.

About Mid-America Apartment Communities

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.