Mid-America Apartment Communities, Inc. (NYSE: MAA) has a higher price-to-earnings ratio of 29.39x compared to its average ratio. MAA has 36-month beta value of 0.84. 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 116.01M, and currently, short sellers hold a 2.39% ratio of that float. The average trading volume of MAA on July 26, 2024 was 638.67K shares.
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MAA) stock’s latest price update
Mid-America Apartment Communities, Inc. (NYSE: MAA)’s stock price has plunge by -2.29relation to previous closing price of 143.41. Nevertheless, the company has seen a -3.23% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-24 that Landlords face challenges when tenants stop paying rent, especially with single-family homes. Apartment buildings with multiple units provide more stability, while owning a portfolio of multifamily buildings minimizes the impact of delinquent tenants. Investing in blue-chip multifamily REITs like AvalonBay Communities, Camden Property Trust, Essex Property Trust, and Mid-America Apartment Communities can offer safe dividends and strong total returns.
MAA’s Market Performance
Mid-America Apartment Communities, Inc. (MAA) has experienced a -3.23% fall in stock performance for the past week, with a -0.71% drop in the past month, and a 9.13% rise in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 1.82% for MAA. The simple moving average for the last 20 days is -0.98% for MAA stock, with a simple moving average of 6.71% for the last 200 days.
Analysts’ Opinion of MAA
Many brokerage firms have already submitted their reports for MAA stocks, with Janney repeating the rating for MAA by listing it as a “Buy.” The predicted price for MAA in the upcoming period, according to Janney is $150 based on the research report published on June 13, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see MAA reach a price target of $154, previously predicting the price at $135. The rating they have provided for MAA stocks is “Outperform” according to the report published on May 06th, 2024.
Goldman gave a rating of “Buy” to MAA, setting the target price at $149 in the report published on February 22nd of the current year.
MAA Trading at 1.09% 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 -9.82% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares surge +0.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.98% upper at present.
During the last 5 trading sessions, MAA fell by -3.23%, which changed the moving average for the period of 200-days by +7.52% in comparison to the 20-day moving average, which settled at $141.55. In addition, Mid-America Apartment Communities, Inc. saw 4.21% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.56 for the present operating margin
- 0.49 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 0.11. 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 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 7.98.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 3.98. When we switch over and look at the enterprise to sales, we see a ratio of 9.69.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
