Mid-America Apartment Communities, Inc. (NYSE: MAA) is 21.91% higher on its value in year-to-date trading and has touched a low of $115.56 and a high of $167.39 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 $164.00 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $163.92, the stock is 1.90% and 7.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -0.05% at the moment leaves the stock 19.63% off its SMA200. MAA registered 20.83% gain for a year compared to 6-month gain of 25.71%.
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The stock witnessed a 7.38% loss in the last 1 month and extending the period to 3 months gives it a 16.05%, and is -0.47% 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 1.52% over the week and 1.77% over the month.
Mid-America Apartment Communities, Inc. (MAA) has around 2427 employees, a market worth around $19.16B and $2.17B in sales. Current P/E ratio is 37.31 and Fwd P/E is 39.51. Profit margin for the company is 23.59%. Distance from 52-week low is 41.85% and -2.07% from its 52-week high. The company has generated returns on investments over the last 12 months (4.92%).
Mid-America Apartment Communities, Inc. quarterly earnings per share for the current quarter are estimated at 1.01 with sales reaching $549.78M over the same period.The EPS is expected to shrink by -11.55% this year, but quarterly earnings will post 2.00% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.
991.0 institutions hold shares in Mid-America Apartment Communities, Inc. (MAA), with institutional investors hold 95.87% of the company’s shares. The shares outstanding are 116.69M, and float is at 116.07M with Short Float at 2.47%. Institutions hold 95.25% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.54 million shares valued at $2.64 billion. The investor’s holdings represent 15.8879 of the MAA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.89 million shares valued at $1.98 billion to account for 11.9035 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.67 million shares representing 6.5708 and valued at over $1.09 billion, while NORGES BANK holds 4.5693 of the shares totaling 5.33 million with a market value of $760.23 million.
Mid-America Apartment Communities, Inc. (MAA) Insider Activity
The most recent transaction is an insider sale by Argo Timothy, the company’s EVP, Chief Strategy & Analysis. SEC filings show that Argo Timothy sold 68 shares of the company’s common stock on Apr 05 ’24 at a price of $126.07 per share for a total of $8573.0. Following the sale, the insider now owns 15517.0 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, BOLTON H ERIC JR (President and CEO) disposed off 2,642 shares at an average price of $126.07 for $0.33 million. The insider now directly holds 317,737 shares of Mid-America Apartment Communities, Inc. (MAA).
