The stock price of Mid-America Apartment Communities, Inc. (NYSE: MAA) has plunged by -1.22 when compared to previous closing price of 130.62, but the company has seen a 1.44% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.22 per share, missing the Zacks Consensus Estimate of $2.23 per share. This compares to FFO of $2.28 per share a year ago.
Is It Worth Investing in Mid-America Apartment Communities, Inc. (NYSE: MAA) Right Now?
Mid-America Apartment Communities, Inc. (NYSE: MAA) has a higher price-to-earnings ratio of 27.06x compared to its average ratio. MAA has 36-month beta value of 0.83. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for MAA is 115.89M, and currently, short sellers hold a 2.20% ratio of that float. The average trading volume of MAA on May 02, 2024 was 781.97K shares.
MAA’s Market Performance
MAA’s stock has seen a 1.44% increase for the week, with a 0.45% rise in the past month and a 0.87% gain in the past quarter. The volatility ratio for the week is 1.61%, and the volatility levels for the past 30 days are at 2.02% for Mid-America Apartment Communities, Inc. The simple moving average for the last 20 days is 0.31% for MAA stock, with a simple moving average of -2.45% for the last 200 days.
Analysts’ Opinion of MAA
Many brokerage firms have already submitted their reports for MAA stocks, with Goldman repeating the rating for MAA by listing it as a “Buy.” The predicted price for MAA in the upcoming period, according to Goldman is $149 based on the research report published on February 22, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see MAA reach a price target of $139. The rating they have provided for MAA stocks is “Hold” according to the report published on January 30th, 2024.
Truist gave a rating of “Buy” to MAA, setting the target price at $158 in the report published on January 16th of the current year.
MAA Trading at -0.09% from the 50-Day Moving Average
After a stumble in the market that brought MAA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.57% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +1.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.78% upper at present.
During the last 5 trading sessions, MAA rose by +1.15%, which changed the moving average for the period of 200-days by -15.18% in comparison to the 20-day moving average, which settled at $128.72. In addition, Mid-America Apartment Communities, Inc. saw -4.04% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MAA starting from BOLTON H ERIC JR, who sale 2,642 shares at the price of $126.07 back on Apr 05 ’24. After this action, BOLTON H ERIC JR now owns 317,737 shares of Mid-America Apartment Communities, Inc., valued at $333,077 using the latest closing price.
Carpenter Melanie, the EVP & CHRO of Mid-America Apartment Communities, Inc., sale 314 shares at $126.07 during a trade that took place back on Apr 05 ’24, which means that Carpenter Melanie is holding 20,533 shares at $39,586 based on the most recent closing price.
Stock Fundamentals for MAA
Current profitability levels for the company are sitting at:
- 0.5 for the present operating margin
- 0.5 for the gross margin
The net margin for Mid-America Apartment Communities, Inc. stands at 0.26. The total capital return value is set at 0.1. Equity return is now at value 9.12, with 4.91 for asset returns.
Based on Mid-America Apartment Communities, Inc. (MAA), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 7.21.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 4.49. When we switch over and look at the enterprise to sales, we see a ratio of 9.13.
Conclusion
To put it simply, Mid-America Apartment Communities, Inc. (MAA) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
