As Mid America Apartment Communities INC (MAA) Stock Rose, New York State Teachers Retirement System Upped Stake by $8.29 Million

August 24, 2017 - By Migdalia James

Investors sentiment increased to 2.07 in 2016 Q4. Its up 0.79, from 1.28 in 2016Q3. It is positive, as 46 investors sold MAA shares while 83 reduced holdings. 91 funds opened positions while 176 raised stakes. 103.18 million shares or 42.29% more from 72.51 million shares in 2016Q3 were reported. Ameritas Inv Prns Incorporated holds 0.04% in Mid-America Apartment Communities Inc (NYSE:MAA) or 7,900 shares. Gradient Investments Ltd reported 9 shares stake. 7,793 are held by Cipher Cap Ltd Partnership. Vanguard Grp holds 0.11% or 19.33 million shares in its portfolio. New York-based D E Shaw & has invested 0.01% in Mid-America Apartment Communities Inc (NYSE:MAA). State Of Tennessee Treasury Department reported 70,855 shares. Blackrock Institutional Tru Na reported 0.07% stake. Howe & Rusling holds 0.01% in Mid-America Apartment Communities Inc (NYSE:MAA) or 380 shares. Highbridge Cap Mgmt Ltd Liability Company owns 0.11% invested in Mid-America Apartment Communities Inc (NYSE:MAA) for 64,256 shares. Aberdeen Asset Mgmt Public Limited Com Uk owns 19,470 shares for 0.01% of their portfolio. Gam Ag owns 14,979 shares or 0.03% of their US portfolio. Schwab Charles Invest Mngmt has invested 0.12% in Mid-America Apartment Communities Inc (NYSE:MAA). Goldman Sachs Grp Inc Inc owns 0.14% invested in Mid-America Apartment Communities Inc (NYSE:MAA) for 4.90M shares. Garrison Fincl Corporation reported 3,880 shares. Retirement Systems Of Alabama holds 0.03% of its portfolio in Mid-America Apartment Communities Inc (NYSE:MAA) for 53,808 shares.

Since March 6, 2017, it had 1 insider buy, and 1 insider sale for $862,884 activity. STOCKERT DAVID P had sold 9,033 shares worth $912,334 on Monday, March 6. $49,450 worth of stock was bought by Shorb Gary on Tuesday, May 9.

New York State Teachers Retirement System increased its stake in Mid America Apartment Communities Inc (MAA) by 50.92% based on its latest 2016Q4 regulatory filing with the SEC. New York State Teachers Retirement System bought 85,423 shares as the company’s stock rose 0.38% with the market. The institutional investor held 253,176 shares of the consumer services company at the end of 2016Q4, valued at $24.79M, up from 167,753 at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Mid America Apartment Communities Inc for a number of months, seems to be bullish on the $12.27 billion market cap company. The stock rose 0.33% or $0.36 reaching $107.98 per share. About 6,422 shares traded. Mid-America Apartment Communities Inc (NYSE:MAA) has risen 0.92% since August 24, 2016 and is uptrending. It has underperformed by 15.78% the S&P500.

New York State Teachers Retirement System, which manages about $38.38 billion US Long portfolio, decreased its stake in Intel Corp (NASDAQ:INTC) by 170,545 shares to 8.69 million shares, valued at $315.29M in 2016Q4, according to the filing. It also reduced its holding in Alphabet Inc Cap Stk Cl A by 6,942 shares in the quarter, leaving it with 538,206 shares, and cut its stake in Philip Morris Cos Inc (NYSE:PM).

More recent Mid-America Apartment Communities Inc (NYSE:MAA) news were published by: Seekingalpha.com which released: “Mid-America Apartment Communities Inc.: Buy, Don’t Rent This REIT” on July 26, 2017. Also Gurufocus.com published the news titled: “Brookfield Asset Management Inc. Buys Vistra Energy Corp, Mid-America …” on August 24, 2017. Seekingalpha.com‘s news article titled: “Mid-America Apartment Communities: Underappreciated By REIT Investors” with publication date: June 06, 2017 was also an interesting one.

Mid-America Apartment Communities Inc (NYSE:MAA) Ratings Coverage

Among 17 analysts covering Mid-America Apartment Communities (NYSE:MAA), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. Mid-America Apartment Communities had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Wednesday, August 10. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has “Neutral” rating given on Thursday, August 25 by BTIG Research. SunTrust downgraded the stock to “Neutral” rating in Friday, January 22 report. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has “Buy” rating given on Friday, August 19 by Suntrust Robinson. The firm has “Outperform” rating given on Friday, December 2 by Robert W. Baird. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) earned “Sector Weight” rating by KeyBanc Capital Markets on Wednesday, December 16. The firm earned “Neutral” rating on Thursday, July 6 by UBS. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has “Buy” rating given on Monday, August 7 by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, October 20 by Raymond James. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has “Mkt Outperform” rating given on Thursday, October 20 by JMP Securities.

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