Calamos Advisors LLC Sells 2,232 Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA)

Calamos Advisors LLC lowered its stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,159 shares of the real estate investment trust’s stock after selling 2,232 shares during the quarter. Calamos Advisors LLC owned about 0.05% of Mid-America Apartment Communities worth $8,722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MAA. International Assets Investment Management LLC purchased a new position in shares of Mid-America Apartment Communities in the fourth quarter valued at $145,000. RWA Wealth Partners LLC purchased a new position in shares of Mid-America Apartment Communities in the 4th quarter worth $239,000. GAMMA Investing LLC bought a new stake in shares of Mid-America Apartment Communities in the 4th quarter worth about $113,000. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Mid-America Apartment Communities by 11.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,106 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 318 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Mid-America Apartment Communities by 0.7% in the 4th quarter. Truist Financial Corp now owns 45,577 shares of the real estate investment trust’s stock valued at $6,128,000 after acquiring an additional 332 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Price Performance

MAA stock traded up $2.42 during trading on Friday, hitting $156.63. The stock had a trading volume of 858,125 shares, compared to its average volume of 772,101. Mid-America Apartment Communities, Inc. has a twelve month low of $115.56 and a twelve month high of $157.18. The company’s 50-day moving average price is $144.97 and its two-hundred day moving average price is $135.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $18.30 billion, a P/E ratio of 32.84, a PEG ratio of 3.27 and a beta of 0.85.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Mizuho raised their price target on 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. Truist Financial upped their price objective on Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Wedbush lifted their target price on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Scotiabank raised their price target on shares of Mid-America Apartment Communities from $144.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $149.53.

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.