Gold Investment Management Ltd. Has $1.69 Million Holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Gold Investment Management Ltd. lessened its holdings in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,924 shares of the real estate investment trust’s stock after selling 252 shares during the period. Gold Investment Management Ltd.’s holdings in Mid-America Apartment Communities were worth $1,689,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management bought a new position in shares of Mid-America Apartment Communities in the 3rd quarter valued at about $32,000. IFP Advisors Inc boosted its position in Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Quarry LP bought a new position in Mid-America Apartment Communities in the third quarter valued at approximately $45,000. UMB Bank n.a. grew its stake in Mid-America Apartment Communities by 30.5% in the fourth quarter. UMB Bank n.a. now owns 321 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 75 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of Mid-America Apartment Communities by 57.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MAA. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of Mid-America Apartment Communities in a report on Tuesday, February 11th. Truist Financial boosted their price objective on shares of Mid-America Apartment Communities from $158.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. StockNews.com upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Jefferies Financial Group raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and boosted their price target for the stock from $148.00 to $190.00 in a research report on Monday, March 10th. Finally, BMO Capital Markets cut their price objective on Mid-America Apartment Communities from $157.00 to $155.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mid-America Apartment Communities presently has an average rating of “Moderate Buy” and an average price target of $168.43.

Mid-America Apartment Communities Trading Up 1.0 %

Shares of NYSE:MAA opened at $163.32 on Monday. The business’s 50 day simple moving average is $156.86 and its 200 day simple moving average is $157.44. Mid-America Apartment Communities, Inc. has a 1 year low of $123.73 and a 1 year high of $173.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $19.09 billion, a P/E ratio of 36.46, a P/E/G ratio of 3.72 and a beta of 0.90.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $1.19. Mid-America Apartment Communities had a return on equity of 8.53% and a net margin of 24.03%. On average, research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.