Mid-America Apartment Communities Inc. (NYSE:MAA) currently has a daily average trading volume of 693.08K but it saw 879114 shares traded on Thursday. With a market cap of 16.88B USD, stock’s current market price of $144.52 came falling about -0.24 while comparing to the previous closing price of $144.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $190.17 and as low as $138.68. In the recent trading on the day, stock has struck highest price mark of $145.67 while lowest mark touched by it was $143.72.
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Taking a look at 20-day trading activity of Mid-America Apartment Communities Inc. (MAA) gives us an average price of $150.01, while its current price level is -24.00% below from 52-week high level whereas it is 4.21% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $148.63 while that of 200 days or SMA-200 reads an average of $158.19. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.66% during that period while stretching the period over a month that increases to 1.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.20 which implies that the stock is in neutral territory.
Mid-America Apartment Communities Inc. (MAA)’s stock is currently under the radar of 20 analysts who are in consensus at a 12-month price target range of between $137.00 and $192.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $137.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $192.00. Average price target assigned by them is $168.03 which highlights an upside potential of 13.99% for the stock over that period. And to attain the median price target of $165.50 assigned by those analysts, stock has to add about 12.68% of value to its current levels.
Data by FactSet Research shows that 20 analysts have issued their ratings for the stock. 3 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 6 analysts suggested the investors to Buy the stock while 10 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, MAA’s stock price is moving -2.60% down while it is -1.95% when we observe its performance for the past one month. Year-to-date it is -7.94% down and over the past year, the stock is showing a downside performance of -19.90%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $1.16 beat the consensus estimate of $1.1 for the same. The company is expected to be releasing its next quarterly report in 07/26/2023, for which analysts forecasted an EPS of $1.12 while estimate for next year EPS is $4.6. For MAA, analysts are forecasting an EPS-growth rate of -16.10% for current year and estimate for EPS growth in next year is 3.70%. In next quarter, company is expected to be making quarterly sales of $545.5 million as analysts are expecting the sales for current fiscal year at $2.16 billion and seeing the company making $2.24 billion in sales next year. Moreover, analysts are in estimates of $534.67 million for current-quarter revenue.
Currently, Mid-America Apartment Communities Inc.’s total number of outstanding shares is 116.18M with 0.66% of that held by the insiders while 96.87% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.30% and return on equity (ROE) at 10.90%. It has a price to earnings ratio (P/E ratio) of 25.39 while having a 30.27 of forward P/E ratio. Stock’s beta reads 0.76. Stock has a price to book (P/B) ratio of 2.71 while price to sale or P/S ratio amounts to 8.14. Its return on asset (ROA) is 5.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.24% in the Mid-America Apartment Communities Inc. (MAA) decreasing its stake to 4.35% with control over 12249.0 shares in the company. As per SEC documents, Vanguard Real Estate Index Fund sought 5,074,942 of company’s common stock of worth $780.53 million as per recent closing price of the stock. Vanguard Real Estate Index Fund is not the only institutional holder which restructured its stake in Mid-America Apartment Communities Inc., as Vanguard Total Stock Market ETF picked 3,628,448 shares of worth $558.06 million to bring its holdings to a total of 21370.0 shares. In the most recent quarter, Stichting Pensioenfonds ABP came cutting its stake by -0.93% in the company and now holds 3.53 million or 3.03% of the company’s stake having worth of about 542.76 million.
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