Mid-America Apartment Communities, Inc. (MAA) – Don’t Believe the Hype: Check The Facts

Mid-America Apartment Communities, Inc. (NYSE: MAA) is -7.42% lower on its value in year-to-date trading and has touched a low of $115.56 and a high of $176.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MAA stock was last observed hovering at around $125.18 in the last trading session, with the day’s loss setting it -0.7%.

Currently trading at $124.48, the stock is -5.08% and -4.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing -0.56% at the moment leaves the stock -10.30% off its SMA200. MAA registered -28.22% loss for a year compared to 6-month loss of -14.61%. The firm has a 50-day simple moving average (SMA 50) of $8.86 and a 200-day simple moving average (SMA200) of $26.42.

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The stock witnessed a -5.97% gain in the last 1 month and extending the period to 3 months gives it a 4.09%, and is -2.69% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.24% over the month.

Mid-America Apartment Communities, Inc. (MAA) has around 2387 employees, a market worth around $14.53B and $2.15B in sales. Current P/E ratio is 26.45 and Fwd P/E is 27.33. Profit margin for the company is 25.55%. Distance from 52-week low is 7.72% and -29.42% from its 52-week high. The company has generated returns on investments over the last 12 months (5.15%).

Mid-America Apartment Communities, Inc. quarterly earnings per share for the current quarter are estimated at $1.05 with sales reaching $544.57M over the same period.The EPS is expected to shrink by -10.13% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.

935 institutions hold shares in Mid-America Apartment Communities, Inc. (MAA), with institutional investors hold 97.65% of the company’s shares. The shares outstanding are 116.69M, and float is at 115.85M with Short Float at 2.60%. Institutions hold 97.00% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 19.1 million shares valued at $2.9 billion. The investor’s holdings represent 16.37% of the MAA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.92 million shares valued at $1.81 billion to account for 10.22% of the shares outstanding. The other top investors are Cohen & Steers Inc. which holds 10.73 million shares representing 9.20% and valued at over $1.63 billion, while State Street Corporation holds 6.56% of the shares totaling 7.65 million with a market value of $1.16 billion.

Mid-America Apartment Communities, Inc. (MAA) Insider Activity

A total of 4 insider transactions have happened at Mid-America Apartment Communities, Inc. (MAA) in the last six months, with sales accounting for 0 and purchases happening 4 times. The most recent transaction is an insider sale by BOLTON H ERIC JR, the company’s President and CEO. SEC filings show that BOLTON H ERIC JR sold 4,028 shares of the company’s common stock on Jan 11 at a price of $130.21 per share for a total of $0.52 million. Following the sale, the insider now owns 0.3 million shares.

Mid-America Apartment Communities, Inc. disclosed in a document filed with the SEC on Jan 08 that DelPriore Robert J. (EVP, General Counsel) sold a total of 7,211 shares of the company’s common stock. The trade occurred on Jan 08 and was made at $131.33 per share for $0.95 million. Following the transaction, the insider now directly holds 47305.0 shares of the MAA stock.

Still, SEC filings show that on Jan 08, Carpenter Melanie (EVP & CHRO) disposed off 371 shares at an average price of $131.33 for $48723.0. The insider now directly holds 19,067 shares of Mid-America Apartment Communities, Inc. (MAA).

Mid-America Apartment Communities, Inc. (MAA): Who are the competitors?

One of the company’s main competitors (and peers) include Avalonbay Communities Inc. (AVB) that is trading -3.19% down over the past 12 months.Equity Residential (EQR) lies in the list of competitors of the Mid-America Apartment Communities, Inc. and is -8.67% lower over the same period from MAAUDR Inc. (UDR) is -19.51% down on the 1-year trading charts.