Mutual of America Capital Management LLC Lowers Stake in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Mutual of America Capital Management LLC recently decreased its stake in Mid-America Apartment Communities, Inc. by 2.0% during the first quarter, according to the Securities and Exchange Commission. The fund sold 308 shares, bringing its total holdings to 15,305 shares valued at $2,014,000. Other hedge funds and institutional investors have also made changes to their positions in the company.

Mid-America Apartment Communities stock opened at $140.64 on Friday, with a market capitalization of $16.43 billion. The company reported earnings results on May 2nd, falling short of analyst estimates. Despite this, analysts anticipate the company will post 8.88 EPS for the current year.

The company also announced a quarterly dividend of $1.47 per share, with a dividend yield of 4.18%. Analysts have set new price targets for the stock, with a consensus rating of “Hold” and an average target price of $142.44.

Mid-America Apartment Communities, an S&P 500 company, is a real estate investment trust focused on delivering superior investment performance through the ownership and management of quality apartment communities in the United States. Investors can track the company’s performance through MarketBeat.com’s daily email newsletter.