Kelman-lazarov Lowers stake in Mid-America Apartment Communities Inc (MAA)

Mid-America Apartment Communities Inc (MAA) : Kelman-lazarov reduced its stake in Mid-America Apartment Communities Inc by 1.67% during the most recent quarter end. The investment management company now holds a total of 33,875 shares of Mid-America Apartment Communities Inc which is valued at $2,949,835 after selling 576 shares in Mid-America Apartment Communities Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Mid-America Apartment Communities Inc makes up approximately 1.68% of Kelman-lazarov’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in MAA in the latest quarter, The investment management firm added 7,355 additional shares and now holds a total of 38,372 shares of Mid-America Apartment Communities Inc which is valued at $3,341,434. Mid-America Apartment Communities Inc makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MAA by selling 27,161 shares or 61.21% in the most recent quarter. The Hedge Fund company now holds 17,211 shares of MAA which is valued at $1,509,233. Mid-America Apartment Communities Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in MAA in the latest quarter, The investment management firm added 5,002 additional shares and 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 approx 0.07% of Eqis Capital Management’s portfolio.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 -1.14 points or -1.31% at $85.94 with 7,49,891 shares getting traded on Tuesday. Post opening the session at $86.9, the shares hit an intraday low of $85.85 and an intraday high of $87.08 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.

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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