Eqis Capital Management buys $1,119,275 stake in Mid-America Apartment Communities Inc (MAA)

Mid-America Apartment Communities Inc (MAA) : Eqis Capital Management scooped up 5,002 additional shares in Mid-America Apartment Communities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 12,764 shares of Mid-America Apartment Communities Inc which is valued at $1,119,275.Mid-America Apartment Communities Inc makes up approximately 0.07% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in MAA in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 138 shares of Mid-America Apartment Communities Inc which is valued at $12,101.Beacon Financial Group boosted its stake in MAA in the latest quarter, The investment management firm added 1,331 additional shares and now holds a total of 4,574 shares of Mid-America Apartment Communities Inc which is valued at $401,094. Mid-America Apartment Communities Inc makes up approx 0.08% of Beacon Financial Group’s portfolio.

Mid-America Apartment Communities Inc closed down -1.49 points or -1.62% at $90.54 with 6,87,000 shares getting traded on Tuesday. Post opening the session at $91.93, the shares hit an intraday low of $89.84 and an intraday high of $91.93 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Mid-America Apartment Communities Inc reported $1.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.47. The company had revenue of $272.20 million for the quarter, compared to analysts expectations of $272.82 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS.

Investors should note that on Sep 27, 2016, Mid-America Apartment Communities Inc announced a cash dividend of $0.8200. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Oct 31, 2016.

Many Wall Street Analysts have commented on Mid-America Apartment Communities Inc. Mid-America Apartment Communities Inc was Upgraded by SunTrust to ” Buy” on Aug 19, 2016. Mid-America Apartment Communities Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jul 15, 2016.

Mid-America Apartment Communities Inc. is a multifamily focused self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments L.P. The Company owns operates acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Company’s segments include large market same store communities secondary market same store communities and non-same store communities and other. As of December 31 2014 the Company’s activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties located in Alabama Arizona Arkansas Florida Georgia Kentucky Louisiana Mississippi Missouri Nevada North Carolina South Carolina Tennessee Texas and Virginia.

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