Mid-America Apartment Communities (NYSE:MAA).
Raymond James & Associates reports that it decreased its position in Mid-America Apartment Communities shares by 5,836 shares as reported in a filing on 11/15/2017. Its position stood at $12,184,000 a decrease of $444,000 according to the filing.
Here are a few institutional investors who have updated their positions. Baird Financial Group, Inc. downsized its holdings by selling 143 shares a decrease of 0.9%. Baird Financial Group, Inc. claims 15,782 shares with a value of $1,687,000. The total value of its holdings increased 0.5%. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 801 shares growing its position 9.5%. The value of the total investment in Mid-America Apartment Communities increased from $889,000 to $987,000 increasing 11.0% quarter over quarter.
As of the end of the quarter Tredje Ap-fonden had bought 1,240 shares growing its holdings by 15.8%. The value in dollars went from $829,000 to $974,000 a change of $145,000 quarter to quarter.
On November 6 Mizuho kept the company rating at “Hold” projecting a price of $110.00. November 3 investment analysts at SunTrust Banks held the company rating at “Buy” with a current price target of $109.00.
Equity analyst Stifel Nicolaus lowered the price target on October 27 cutting the projection from $113.00 to $100.00 with a rating of “Hold”.
October 15 investment analysts at Mizuho left the stock rating at “Hold” targeting a price of $106.00. September 10 investment analysts at Jefferies Group LLC made no change to the company rating of “Buy” with a current price target of $120.00.
The company is trading down since yesterday’s close of 103.95. The P/E ratio is currently 46.44 and market capitalization is 11.70B. As of the latest earnings report the EPS was $2.22 with 113.63M shares currently outstanding.
Short traders are more bearish on shares of the company of late considering the increase in short interest. The firm had a rise in short interest of 18.13% between September 29, 2017 and October 13, 2017. Short shares grew 369,724 over that period. With short interest at 2,408,950 and short average daily volume at 459,746, days to cover is 5.0 and the percentage of shorted shares was 0.02% on October 13.