Mid-America Apartment Communities Inc. (NYSE:MAA) finished Friday with an addition of $0.08 to close at $144.27, an upside of 0.06 percent. An average of 436,440 shares of common stock have been traded in the last five days. There was a fall of -$0.94 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 554,530 shares traded, while the 50-day average volume stands at 580,790.
MAA stock has decreased by -7.36% in the last month. The company shares reached their 1-month lowest point of $142.65 on 08/03/23. With the stock rallying to its 52-week high on 02/09/23, shares of the company touched a low of $138.68 and a high of $190.17 in 52 weeks. It has reached a new high 12 times so far this year and lost -8.10% or -$12.72 in price. In spite of this, the price is down -24.14% from the 52-week high.
Insider Transactions
MAA stock investors should be aware that Mid-America Apartment Communities Inc. (MAA) stock had its last reported insider trading activity 130 days ago on Aug 10. In this transaction, the insider spent $265,421. EVP & CHRO, Carpenter Melanie, disposed of 480 shares at a price of $150.21 on Apr 04. The insider now owns more than $72,101 worth of shares. Prior to that, EVP, Chief Investment Officer Hill Adrian went on to Sale 584 shares at $164.28 each on Feb 21. An amount of $95,941 was transacted.
Valuation Metrics
Mid-America Apartment Communities Inc. (MAA) has a trailing price-to-earnings (P/E) ratio of 28.19. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.00, the price-to-book (PB) ratio at 2.72.
The company has a payout ratio of 103.50%. The company’s most recent quarterly dividend payment was $1.40 a share, without any change from last year. Its latest increase dividend $0.3370 reported on Tuesday March 21 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.71 and a total debt to equity ratio of 0.71 for the recent quarter. Its gross profit as reported stood at $628.88 million compared to revenue of $2.02 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mid-America Apartment Communities Inc.’s return on assets was 5.20%.
Earnings Surprise
For the recent quarter, Mid-America Apartment Communities Inc. had $363.3 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $144.77 million in the quarter, while revenues of $134.99 million were shrunk -44.91%. At the end of the recent quarter, Mid-America Apartment Communities Inc.’s stock balance sheet showed total debt was $4.42 billion. Shareholders own equity worth $116.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mid-America Apartment Communities Inc. (MAA) price momentum. RSI 9-day as of the close on 11 August was 29.86%, suggesting the stock is oversold, with historical volatility in this time frame at 10.56%.
As of today, MAA’s price is $145.35 -0.65% or -$0.94 from its 5-day moving average. MAA is currently trading -7.63% lower than its 20-day SMA and -1.56% lower than its 100-day SMA. However, the stock’s current price level is -1.90% below the SMA50 and -2.82% below the SMA200.
The stochastic %K and %D were 15.66% and 19.85%, respectively, and the average true range (ATR) was 2.66. With the 14-day stochastic at 12.73% and the average true range at 2.74, the RSI (14) stands at 34.65%. The stock has reached -1.08 on the 9-day MACD Oscillator while the 14-day reading was at -2.76.
Analyst Ratings
Wolfe Research downgraded Mid-America Apartment Communities Inc. (NYSE: MAA) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for Mid-America Apartment Communities Inc. (MAA) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell MAA, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.
What is MAA’s price target for the next 12 months?
Analysts predict a range of price targets between $137.00 and $190.00, with a median target of $174.00. Taking a look at these predictions, the average price target given by analysts for Mid-America Apartment Communities Inc. (MAA) stock is $168.44.
