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The closing price of Mid-America Apartment Communities, Inc. (NYSE: MAA) was $153.35 for the day, up 0.01% from the previous closing price of $153.33. In other words, the price has increased by $0.01 from its previous closing price. On the day, 0.63 million shares were traded. MAA stock price reached its highest trading level at $154.74 during the session, while it also had its lowest trading level at $152.02.
Ratios:
Our analysis of MAA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 234.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.74. 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 the company, BofA Securities on August 12, 2024, Upgraded its rating to Buy and sets its target price to $189 from $144 previously.
On June 13, 2024, Janney Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $150.
Wedbush Upgraded its Neutral to Outperform on May 06, 2024, whereas the target price for the stock was revised from $135 to $154.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 18397401088 and an Enterprise Value of 22767749120. As of this moment, Mid-America’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.91, and their Forward P/E ratio for the next fiscal year is 36.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.24 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 10.471 whereas that against EBITDA is 18.199.
Stock Price History:
Over the past 52 weeks, MAA has reached a high of $154.65, while it has fallen to a 52-week low of $115.56. The 50-Day Moving Average of the stock is 7.55%, while the 200-Day Moving Average is calculated to be 15.65%.
Shares Statistics:
MAA traded an average of 639.96K shares per day over the past three months and 868170 shares per day over the past ten days. A total of 116.69M shares are outstanding, with a floating share count of 116.07M. Insiders hold about 0.69% of the company’s shares, while institutions hold 96.08% stake in the company. Shares short for MAA as of 1722384000 were 2841530 with a Short Ratio of 4.44, compared to 1719532800 on 2736151. Therefore, it implies a Short% of Shares Outstanding of 2841530 and a Short% of Float of 3.34.
Dividends & Splits
With its trailing 12-month dividend rate of 5.74, MAA has a forward annual dividend rate of 5.81. Against a Trailing Annual Dividend Yield of 0.037435595The stock’s 5-year Average Dividend Yield is 3.13.
