Argent Trust Co Sells 89 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Argent Trust Co cut its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,285 shares of the real estate investment trust’s stock after selling 89 shares during the period. Argent Trust Co’s holdings in Mid-America Apartment Communities were worth $326,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV increased its stake in Mid-America Apartment Communities by 4.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 23,276 shares of the real estate investment trust’s stock worth $3,426,000 after acquiring an additional 1,059 shares during the last quarter. Edgestream Partners L.P. lifted its stake in shares of Mid-America Apartment Communities by 155.5% in the 2nd quarter. Edgestream Partners L.P. now owns 52,050 shares of the real estate investment trust’s stock valued at $7,423,000 after purchasing an additional 31,679 shares during the last quarter. Menard Financial Group LLC boosted its holdings in shares of Mid-America Apartment Communities by 23.8% in the 2nd quarter. Menard Financial Group LLC now owns 2,434 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 468 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Mid-America Apartment Communities by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,716,628 shares of the real estate investment trust’s stock valued at $244,803,000 after purchasing an additional 97,672 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Mid-America Apartment Communities by 17.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,633,160 shares of the real estate investment trust’s stock valued at $375,515,000 after buying an additional 393,067 shares during the period. 93.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MAA. BNP Paribas began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective for the company. JMP Securities upped their target price on Mid-America Apartment Communities from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Wedbush increased their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company upgraded Mid-America Apartment Communities from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $138.00 to $174.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada increased their target price on 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.91.

Mid-America Apartment Communities Trading Down 1.2 %

NYSE MAA opened at $162.46 on Friday. The company’s 50-day simple moving average is $153.86 and its two-hundred day simple moving average is $140.86. Mid-America Apartment Communities, Inc. has a one year low of $115.56 and a one year high of $167.39. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 3.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.12 and a current ratio of 0.12.

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.