Market Insight: Mid-America Apartment Communities, Inc. (MAA)’s Notable Drop, Closing at 156.96

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In the latest session, Mid-America Apartment Communities, Inc. (NYSE: MAA) closed at $156.96 down -0.54% from its previous closing price of $157.81. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 0.58 million shares were traded. MAA stock price reached its highest trading level at $157.29 during the session, while it also had its lowest trading level at $155.5457.

Ratios:

For a deeper understanding of Mid-America Apartment Communities, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 239.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.25. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.73.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on September 11, 2024, initiated with a Neutral rating and assigned the stock a target price of $169.

On September 04, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $187.

Wells Fargo Upgraded its Equal Weight to Overweight on August 26, 2024, whereas the target price for the stock was revised from $138 to $174.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 05 ’24 when Argo Timothy sold 68 shares for $126.07 per share. The transaction valued at 8,573 led to the insider holds 15,517 shares of the business.

Carpenter Melanie sold 314 shares of MAA for $39,586 on Apr 05 ’24. The EVP & CHRO now owns 20,533 shares after completing the transaction at $126.07 per share. On Apr 05 ’24, another insider, BOLTON H ERIC JR, who serves as the President and CEO of the company, sold 2,642 shares for $126.07 each. As a result, the insider received 333,077 and left with 317,737 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAA now has a Market Capitalization of 18830491648 and an Enterprise Value of 23192008704. As of this moment, Mid-America’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.73, and their Forward P/E ratio for the next fiscal year is 37.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.44 while its Price-to-Book (P/B) ratio in mrq is 3.05. Its current Enterprise Value per Revenue stands at 10.666 whereas that against EBITDA is 18.538.

Stock Price History:

Over the past 52 weeks, MAA has reached a high of $167.39, while it has fallen to a 52-week low of $115.56. The 50-Day Moving Average of the stock is 0.73%, while the 200-Day Moving Average is calculated to be 13.15%.

Shares Statistics:

For the past three months, MAA has traded an average of 737.13K shares per day and 918960 over the past ten days. A total of 116.69M shares are outstanding, with a floating share count of 116.06M. Insiders hold about 0.70% of the company’s shares, while institutions hold 94.30% stake in the company. Shares short for MAA as of 1726185600 were 2928889 with a Short Ratio of 3.97, compared to 1723680000 on 3035796. Therefore, it implies a Short% of Shares Outstanding of 2928889 and a Short% of Float of 3.45.

Dividends & Splits

According to the company, the forward annual dividend rate for MAA is 5.81, from 5.74 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03637285The stock’s 5-year Average Dividend Yield is 3.15.

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