Karp Capital Management Corp Takes Position in Preferred Apartment Communities Inc. (APTS)

Xavier Trudeau
Août 3, 2017

US Bancorp DE's holdings in Mid-America Apartment Communities were worth $2,122,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock.

Mid-America Apartment Communities (NYSE:MAA) last posted its quarterly earnings data on Wednesday, July 26th. Heitman Real Estate Securities Llc owns 603,221 shares or 3.66% of their USA portfolio. Creative Planning now owns 1,715 shares of the real estate investment trust's stock worth $175,000 after buying an additional 577 shares in the last quarter. The value of the total investment in Mid-America Apartment Communiti decreased from $6,420,000 to $5,953,000 decreasing 7.3% quarter over quarter. Sumitomo Mitsui Holdings reported 0.06% in Mid-America Apartment Communities Inc (NYSE:MAA). The institutional investor owned 20,136 shares of the real estate investment trust's stock after selling 2,405 shares during the period. Independent Portfolio Consultants Inc. bought a new position in shares of Preferred Apartment Communities during the first quarter valued at approximately $121,000. Bank of Montreal Can now owns 379,528 shares of the real estate investment trust's stock worth $5,978,000 after buying an additional 376,994 shares in the last quarter. The stock had a trading volume of 129,620 shares. Los Angeles Capital Equity reported 0.11% of its portfolio in Mid-America Apartment Communities Inc (NYSE:MAA). (MAA) opened at 103.85 on Thursday. The company's 50 day moving average price is $104.76 and its 200 day moving average price is $101.15. Nasdaq.com's news article titled: "Mid-America Apartment Communities, Inc". The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The firm had revenue of $382.80 million for the quarter, compared to analysts' expectations of $382.17 million. Analysts expect next quarter's EPS will be $-0.32 and the next full year EPS is anticipated to be $-1.31. The company's for the quarter end, revenue was upwards of 40.6% on a YOY basis. UBS initiated Mid-America Apartment Communities Inc (NYSE:MAA) on Monday, January 9 with "Neutral" rating.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Waratah Capital Advisors invested in 0.04% or 2,670 shares. This dividend represents a yeild of $3.36 which is the dividend as a percentage of the current share price. "(MAA) Ex-Dividend Date Scheduled for ..." and published on July 11, 2017 is yet another important article. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has "Outperform" rating given on Friday, December 2 by Robert W. Baird.

TRADEMARK VIOLATION NOTICE: "Deroy & Devereaux Private Investment Counsel Inc".

10/20/2016 - Mid-America Apartment Communities, Inc. was upgraded to " by analysts at JMP Securities.

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Mid-America Apartment Communities Inc has a 52 week low of $85.04 and a 52 week high of $110.95 with a PE ratio of 47.86 Mid-America Apartment Communities Inc's market capitalization is now $0. Jefferies reiterated a "buy" recommendation and fixed a $115.00 target price on stock of Mid-America Apartment Communities in a study note on early Mon, Jul 10th. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) earned "Outperform" rating by RBC Capital Markets on Tuesday, December 13. State Treasurer State Of Michigan bought 6,701 shares as the company's stock rose 0.38% with the market. Finally, Park Avenue Securities LLC purchased a new position in shares of Mid-America Apartment Communities during the first quarter valued at approximately $239,000. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock.

Mid-America Apartment Communities, Inc. holds a quick ratio of *TBA with a current ratio of *TBA. The stock's average target of $99.59 is -3.96% below today's ($103.7) share price. Company's sales growth for the past five years is valued at 22.40%, leading it to the present-day share price of 103.53. Insiders own 1.25% of the company's stock.

Mid-America Apartment Communities, Inc.is a multifamily focused, self-administered and self-managed real estate investment trust. The corporation has ownership of, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Company operates through the segments, including multifamily communities, real estate related financing, new market properties and office buildings. Jefferies maintained the shares of MAA in report on Wednesday, June 8 with "Hold" rating.

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