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Mid-America Apartment Communities (MAA)
NYSE:MAA
Holding MAA?
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MAA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$115.56 - $167.39
Previous Close$163.92
Volume1.12M
Average Volume (3M)689.30K
Market Cap
$19.67B
Enterprise Value$24.51B
Total Cash (Recent Filing)$62.83M
Total Debt (Recent Filing)$4.70B
Price to Earnings (P/E)37.3
Beta0.79
Next Earnings
Oct 23, 2024EPS Estimate
$1.01Last Dividend Ex-Date
Jul 15, 2024Dividend Yield3.54%
Share Statistics
EPS (TTM)4.39
Shares Outstanding116,876,199
10 Day Avg. Volume725,313
30 Day Avg. Volume689,303
Standard Deviation0.07
R-Squared0.48
Alpha-0.00183
Financial Highlights & Ratios
Price to Book (P/B)3.19
Price to Sales (P/S)8.82
Price to Cash Flow (P/CF)13.70
P/FCF Ratio22.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.27
Enterprise Value/Gross Profit32.78
Enterprise Value/Ebitda25.28
Forecast
1Y Price Target
$161.23Price Target Upside-1.64% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Mid-America Apartment News
Bulls Say, Bears Say
Bulls Say
Occupancy And Lease PricingNew lease pricing and occupancy through August QTD improved from Q2 2024.
Technological ImprovementsMAA completed installation of Smart Home technology in over 94K units across its apartment community portfolio providing an increase in average effective rent per unit of approximately $25 since the initiative began.
ValuationAnalyst double upgrades MAA to a Buy from Underperform and raises the price objective to $189 from $144.
Bears Say
Financial PerformanceExpenses increased by 3.7% and NOI decreased by 1.0%, in each case as compared to the same period in the prior year.
Lease GrowthBlended lease growth was barely positive at 0.1% in what should be peak leasing season.
Lease PricingLease pricing for new leases in the Same Store Portfolio decreased by 5.1% due to new supply pressures.
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Ownership Overview
1.78% Insiders
30.44% Mutual Funds
46.86% Other Institutional Investors
20.92% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MAA FAQ
What was Mid-America Apartment Communities’s price range in the past 12 months?
Mid-America Apartment Communities lowest stock price was $115.56 and its highest was $167.39 in the past 12 months.
What is Mid-America Apartment Communities’s market cap?
Currently, no data Available
When is Mid-America Apartment Communities’s upcoming earnings report date?
Mid-America Apartment Communities’s upcoming earnings report date is Oct 23, 2024 which is in 34 days.
How were Mid-America Apartment Communities’s earnings last quarter?
Mid-America Apartment Communities released its earnings results on Jul 31, 2024. The company reported $0.833 earnings per share for the quarter, missing the consensus estimate of $1.008 by -$0.175.
Is Mid-America Apartment Communities overvalued?
According to Wall Street analysts Mid-America Apartment Communities’s price is currently Overvalued.
Does Mid-America Apartment Communities pay dividends?
Mid-America Apartment Communities pays a Quarterly dividend of $1.47 which represents an annual dividend yield of 3.54%. See more information on Mid-America Apartment Communities dividends here
What is Mid-America Apartment Communities’s EPS estimate?
Mid-America Apartment Communities’s EPS estimate is $1.01.
How many shares outstanding does Mid-America Apartment Communities have?
Mid-America Apartment Communities has 116,876,200 shares outstanding.
What happened to Mid-America Apartment Communities’s price movement after its last earnings report?
Mid-America Apartment Communities reported an EPS of $0.833 in its last earnings report, missing expectations of $1.008. Following the earnings report the stock price went up 4.751%.
Which hedge fund is a major shareholder of Mid-America Apartment Communities?
Among the largest hedge funds holding Mid-America Apartment Communities’s share is Blackstone Inc.. It holds Mid-America Apartment Communities’s shares valued at 294M.
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Mid-America Apartment Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$161.23 (-1.64% Downside)
$161.23 (-1.64% Downside)
Blogger Sentiment
Bullish
MAA Sentiment 90%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 802.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.0%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
26.18%
12-Months-Change
Fundamentals
Return on Equity
8.47%
Trailing 12-Months
Asset Growth
1.51%
Trailing 12-Months
Company Description
Mid-America Apartment Communities
Mid-America Apartment Communities, Inc. is a real estate investment trust. The firm engages in the operation, acquisition and development of apartment communities. It operates through the following segments: Same Store Communities and Non-Same Store and Other. The Same Store Communities segment focuses on communities that the company has owned. The Non-Same Store and Other segment include recent acquisitions, communities in development or lease-up. The company was founded in 1994 and is headquartered in Memphis, TN.
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MAA Earnings Call
Q2 2024
0:00 / 0:00
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MAA Revenue Breakdown
94.24% Same Store
5.76% Non-Same Store and Other
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MAA Stock 12 Month Forecast
Average Price Target
$161.23
▼(-1.64% Downside)
Technical Analysis
Best Analysts Covering MAA
1 Year
1 Year Success Rate
5/8 ratings generated profit
1 Year Average Return
-0.56%
reiterated a sell rating 2 months ago
Copying Michael Goldsmith's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of -0.56% per trade.
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