Is Mid America Apartment Communities Inc (NYSE:MAA) a good investment?
In the financial world, there are dozens of methods market participants can use to monitor the equity markets. A duo of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can outpace the S&P 500 by a significant amount (see just how much).
Equally as necessary, positive insider trading activity is a second way to look at the marketplace. Just as you’d expect, there are lots of incentives for a corporate insider to get rid of shares of his or her company, but only one, very clear reason why they would buy. Several academic studies have demonstrated the impressive potential of this method if “monkeys” understand what to do (learn more here).
Thus, it’s important to analyze the newest info about Mid America Apartment Communities Inc (NYSE:MAA).
How are hedge funds trading Mid America Apartment Communities Inc (NYSE:MAA)?
At Q2’s end, a total of 11 of the hedge funds we track were bullish in this stock, a change of 57% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes considerably.
When using filings from the hedgies we track, Ken Fisher’s Fisher Asset Management had the most valuable position in Mid America Apartment Communities Inc (NYSE:MAA), worth close to $45.8 million, accounting for 0.1% of its total 13F portfolio. On Fisher Asset Management’s heels is Citadel Investment Group, managed by Ken Griffin, which held a $41.1 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedgies that are bullish include John Overdeck and David Siegel’s Two Sigma Advisors, Greg Poole’s Echo Street Capital Management and Ric Dillon’s Diamond Hill Capital.
Now, specific money managers were breaking ground themselves. Fisher Asset Management, managed by Ken Fisher, established the biggest position in Mid America Apartment Communities Inc (NYSE:MAA). Fisher Asset Management had 45.8 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $41.1 million position during the quarter. The other funds with brand new MAA positions are John Overdeck and David Siegel’s Two Sigma Advisors, Greg Poole’s Echo Street Capital Management, and Ric Dillon’s Diamond Hill Capital.
How are insiders trading Mid America Apartment Communities Inc (NYSE:MAA)?
Insider buying made by high-level executives is most useful when the company we’re looking at has experienced transactions within the past six months. Over the last half-year time frame, Mid America Apartment Communities Inc (NYSE:MAA) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Mid America Apartment Communities Inc (NYSE:MAA). These stocks are ARMOUR Residential REIT, Inc. (NYSE:ARR), Post Properties Inc (NYSE:PPS), Home Properties, Inc. (NYSE:HME), Equity Lifestyle Properties, Inc. (NYSE:ELS), and Hatteras Financial Corp. (NYSE:HTS). This group of stocks are the members of the reit – residential industry and their market caps are closest to MAA’s market cap.
