Mid-America Apartment Communities, Inc. (NYSE: MAA) is 4.21% higher on its value in year-to-date trading and has touched a low of $115.56 and a high of $155.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAA stock was last observed hovering at around $143.41 in the last trading session, with the day’s loss setting it -3.29%.
Currently trading at $140.12, the stock is -0.98% and 1.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -2.29% at the moment leaves the stock 6.71% off its SMA200. MAA registered -7.71% loss for a year compared to 6-month gain of 4.52%.
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The stock witnessed a -0.71% loss in the last 1 month and extending the period to 3 months gives it a 9.13%, and is -3.23% 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 2.23% over the week and 1.82% over the month.
Mid-America Apartment Communities, Inc. (MAA) has around 2427 employees, a market worth around $16.37B and $2.16B in sales. Current P/E ratio is 29.39 and Fwd P/E is 33.19. Profit margin for the company is 25.74%. Distance from 52-week low is 21.25% and -9.82% from its 52-week high. The company has generated returns on investments over the last 12 months (5.51%).
The EPS is expected to shrink by -7.91% this year
The shares outstanding are 116.69M, and float is at 116.01M with Short Float at 2.39%.
Mid-America Apartment Communities, Inc. (MAA) Insider Activity
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 2,642 shares of the company’s common stock on Apr 05 ’24 at a price of $126.07 per share for a total of $0.33 million. Following the sale, the insider now owns 0.32 million shares.
Mid-America Apartment Communities, Inc. disclosed in a document filed with the SEC on Apr 05 ’24 that Carpenter Melanie (EVP & CHRO) sold a total of 314 shares of the company’s common stock. The trade occurred on Apr 05 ’24 and was made at $126.07 per share for $39586.0. Following the transaction, the insider now directly holds 20533.0 shares of the MAA stock.
Still, SEC filings show that on Apr 05 ’24, Argo Timothy (EVP, Chief Strategy & Analysis) disposed off 68 shares at an average price of $126.07 for $8573.0. The insider now directly holds 15,517 shares of Mid-America Apartment Communities, Inc. (MAA).