Mid-America Apartment Communities: Hedge Funds Make Changes to Positions
First Hawaiian Bank Decreases Position in Mid-America Apartment Communities, Inc.
In recent news, First Hawaiian Bank has decreased its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 3.4% during the 1st quarter. The bank sold 125 shares, leaving them with 3,603 shares of the real estate investment trust’s stock, valued at $474,000 at the end of the reporting period.
Other hedge funds have also made changes to their positions in MAA. Norges Bank acquired a new stake in Mid-America Apartment Communities worth $713,500,000, while Massachusetts Financial Services Co. MA raised its position by 188.9% in the 4th quarter. Blackstone Inc. and Balyasny Asset Management L.P. also increased their stakes in the company.
Wall Street analysts have weighed in on the stock, with various ratings and price targets. Janney Montgomery Scott upgraded Mid-America Apartment Communities to a “buy” rating, while Truist Financial decreased their price target. Wells Fargo & Company, Piper Sandler, and Morgan Stanley also provided their insights on the stock.
Mid-America Apartment Communities stock opened at $140.96 on Friday, with a 52-week low of $115.56 and a high of $158.46. The company recently announced its quarterly earnings results, reporting $1.22 earnings per share for the quarter.
Additionally, Mid-America Apartment Communities announced a quarterly dividend, with a dividend yield of 4.17%. CEO H Eric Bolton, Jr. recently sold shares of the company’s stock, and insider activity has been closely monitored.
About Mid-America Apartment Communities, the company is focused on delivering superior investment performance for shareholders through the ownership, management, acquisition, development, and redevelopment of quality apartment communities in the United States.
For more information on Mid-America Apartment Communities and related companies, visit HoldingsChannel.com for the latest filings and insider trades.