Mid-America Apartment Communities, Inc (NYSE: MAA) has seen a decline in its stock price by -0.82 in relation to its previous close of 152.15. However, the company has experienced a -3.32% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-30 that Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.21 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to FFO of $2.29 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 price-to-earnings ratio of 34.35x that is above its average ratio. Additionally, the 36-month beta value for MAA is 0.87. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MAA is 116.06M and currently, short sellers hold a 2.51% ratio of that float. The average trading volume of MAA on October 31, 2024 was 706.38K shares.
MAA’s Market Performance
The stock of Mid-America Apartment Communities, Inc (MAA) has seen a -3.32% decrease in the past week, with a -3.86% drop in the past month, and a 0.58% gain in the past quarter. The volatility ratio for the week is 1.65%, and the volatility levels for the past 30 days are at 1.46% for MAA. The simple moving average for the last 20 days is -1.63% for MAA stock, with a simple moving average of 7.11% for the last 200 days.
Analysts’ Opinion of MAA
Many brokerage firms have already submitted their reports for MAA stocks, with Raymond James repeating the rating for MAA by listing it as a “Strong Buy.” The predicted price for MAA in the upcoming period, according to Raymond James is $175 based on the research report published on October 21, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see MAA reach a price target of $169. The rating they have provided for MAA stocks is “Neutral” according to the report published on September 11th, 2024.
Goldman gave a rating of “Buy” to MAA, setting the target price at $187 in the report published on September 04th of the current year.
MAA Trading at -4.54% 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 -9.85% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares sank -2.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.28% lower at present.
During the last 5 trading sessions, MAA fell by -3.22%, which changed the moving average for the period of 200-days by +13.56% in comparison to the 20-day moving average, which settled at $153.40. In addition, Mid-America Apartment Communities, Inc saw 12.22% 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 Argo Timothy, who sale 68 shares at the price of $126.07 back on Apr 05 ’24. After this action, Argo Timothy now owns 15,517 shares of Mid-America Apartment Communities, Inc, valued at $8,573 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:
- 0.55 for the present operating margin
- 0.48 for the gross margin
The net margin for Mid-America Apartment Communities, Inc stands at 0.24. The total capital return value is set at 0.1. Equity return is now at value 8.47, with 4.50 for asset returns.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 8.08.
Conclusion
In conclusion, Mid-America Apartment Communities, Inc (MAA) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
