Mid-America Apartment Communities Inc. (NYSE:MAA) saw an upside of 0.09% to close Friday at $143.78 after adding $0.13 on the day. The 5-day average trading volume is 639,200 shares of the company’s common stock. It has gained $145.09 in the past week and touched a new high 2 times within the past 5 days. An average of 576,250 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 587,582.
MAA’s 1-month performance is -6.41% or -$7.91 on its low of $140.65 reached on 08/16/23. The company’s shares have touched a 52-week low of $138.68 and high of $189.48, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, MAA has lost -8.41% or -$13.21 and has reached a new high 12 times. However, the current price is down -24.12% from the 52-week high price.
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Insider Transactions
MAA stock investors last saw insider trading activity on Aug 10.DelPriore Robert J. (EVP, General Counsel) most recently sold 1,767 shares at $150.21 per share on Apr 04. This transaction cost the insider $265,421. EVP & CHRO, Carpenter Melanie, sold 480 shares at a price of $150.21 on Apr 04. Then, on Feb 21, EVP, Chief Investment Officer Hill Adrian sold 584 shares at a price of $164.28 per share. This transaction amounted to $95,941.
Valuation Metrics
MAA stock has a beta of 0.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.93 while the price-to-book (PB) in the most recent quarter is 2.71, with the price to cash flow ratio at 47.51.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.71, while the total debt to equity was 0.71. In terms of profitability, the gross margin trailing 12 months is 61.30%. The firm’s gross profit as reported stood at $628.88 million against revenue of $2.02 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -44.91% to $144.77 million, while revenue of $134.99 million was 6.76% off the previous quarter. Analysts expected MAA to announce $1.1 per share in earnings in its latest quarter, but it posted $1.24, representing a 12.70% surprise. EBITDA for the quarter stood at more than $312.56 million. Shareholders hold equity totaling $116.68 million.
Let’s look briefly at Mid-America Apartment Communities Inc. (MAA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 38.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.57%.
The stock’s 5-day moving average is $142.85, reflecting a -0.34% or -$0.49 change from its current price. MAA is currently trading -7.10% above its 20-day SMA, +0.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.21% and SMA200 by-8.68%.
Stochastic %K and %D was 26.36% and 17.68% and the average true range (ATR) pointed at 2.48. The RSI (14) points at 38.14%, while the 14-day stochastic is at 33.09% with the period’s ATR at 2.59. The stock’s 9-day MACD Oscillator is pointing at -0.51 and -1.49 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Mid-America Apartment Communities Inc. (NYSE: MAA), Wolfe Research downgraded it to an Underperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for MAA stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate MAA as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 4 have offered a “buy” rating.
What is MAA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $137.00 and a high of $190.00, with their median price target at $165.00. Looking at these predictions, the average price target given by analysts is for Mid-America Apartment Communities Inc. (MAA) stock is $166.97.
