Mid-America Apartment Communities Inc. (NYSE:MAA) saw a downside of -1.49% to close Friday at $130.21 after subtracting -$1.97 on the day. The 5-day average trading volume is 511,380 shares of the company’s common stock. It has gained $138.05 in the past week and touched a new high 2 times within the past 5 days. An average of 546,855 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 548,622.
MAA’s 1-month performance is -9.29% or -$11.31 on its low of $130.12 reached on 09/22/23. The company’s shares have touched a 52-week low of $132.04 and high of $176.36, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, MAA has lost -17.06% or -$26.78 and has reached a new high 12 times. However, the current price is down -26.17% from the 52-week high price.
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 0.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.19 while the price-to-book (PB) in the most recent quarter is 2.46, with the price to cash flow ratio at 18.73.
. In terms of profitability, the gross margin trailing 12 months is 35.18%. The firm’s gross profit as reported stood at $628.88 million against revenue of $2.02 billion.
Earnings Surprise
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. 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 22 September was 20.55% to suggest the stock is trending oversold, with historical volatility in this time period at 22.46%.
The stock’s 5-day moving average is $134.23, reflecting a -5.64% or -$7.79 change from its current price. MAA is currently trading -9.05% above its 20-day SMA, -15.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.39% and SMA200 by-18.31%.
Stochastic %K and %D was 4.13% and 5.71% and the average true range (ATR) pointed at 2.45. The RSI (14) points at 24.76%, while the 14-day stochastic is at 0.63% with the period’s ATR at 2.43. The stock’s 9-day MACD Oscillator is pointing at -2.75 and -4.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Mid-America Apartment Communities Inc. (NYSE: MAA), BofA Securities launched coverage with a Neutral rating. 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 11 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 $161.00. Looking at these predictions, the average price target given by analysts is for Mid-America Apartment Communities Inc. (MAA) stock is $164.38.
