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Wednesday, February 8, 2023

Is Mid-America Apartment Communities Inc. (NYSE: MAA) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Mid-America Apartment Communities Inc. (MAA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $3.24, or 2.09%, to $158.50. The Mid-America Apartment Communities Inc. has recorded 19,276 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that MAA Announces Taxable Composition of 2022 Distributions.

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Stocks Info

MAA belongs to the Real Estate sector of the NYSE while operating in the REIT – Residential industry. At the end of the last regular session, the stock closed at $155.26 and fluctuated between $159.52 as its day high and $155.07 as its day low. The current market capitalization of Mid-America Apartment Communities Inc. is $17.99B. A total of 0.83 million shares were traded on the day, compared to an average of 653.09K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MAA has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 6,962 shares. Over the last 12 months, there were 19 BUYs and 21 SELLs from insiders. Insiders purchased 102,477 shares during that period but sold 87,878.

In the most recent transaction, Campbell Albert M III sold 93 shares of MAA for 155.57 per share on Jan 11. After the transaction, the EVP, Chief Financial Officer now owns 55,381 company shares. In a previous transaction on Jan 11, Carpenter Melanie sold 269 shares at 155.57 per share. MAA shares that EVP & CHRO owns now total 17,499.

Among the insiders who sold shares, DelPriore Robert J. disposed of 988 shares on Jan 11 at a per-share price of $155.57. This resulted in the EVP, General Counsel holding 48,744 shares of MAA after the transaction. In another insider transaction, Campbell Albert M III sold 883 shares at $153.85 per share on Jan 06. Company shares held by the EVP, Chief Financial Officer now total 55,826.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Mid-America Apartment Communities Inc. pays an annual dividend of $5.60, resulting in a dividend yield of 3.61%, and it has a price to earnings (P/E) ratio of 28.68. MAA’s most recent ex-dividend date was 1/12/2023 when it declared a $1.40 quarterly dividend that was paid in cash on 1/31/2023. Previously, the company paid the dividend on 10/31/2022 with an ex-dividend date of 10/13/2022. The MAA stock dividend was $1.25 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MAA in the last 3 months, the mean price target is $175.00 with high estimates of $203.00 and low estimates of $139.00. In terms of 52-week highs and lows, MAA has a high of $217.64 and a low of $141.13.

As of this writing, MAA has an earnings estimate of $1.18 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.29 per share and a lower estimate of $1.07. The company reported an EPS of $1.82 in the last quarter, which was 95.70% higher than expectations of $0.93.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MAA is Sell with a score of 3.80. A total of 7 analysts rated the stock as Buy while 2 rated it as Overweight while 13 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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