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Monday, June 5, 2023

Are Things Looking Up For Mid-America Apartment Communities Inc. (NYSE: MAA)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Mid-America Apartment Communities Inc. (MAA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $154.50. The Mid-America Apartment Communities Inc. has recorded 17,591 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted MAA REPORTS FIRST QUARTER 2023 RESULTS.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Residential industry segment. At the end of the last regular session, the stock closed at $154.50 and fluctuated between $155.04 as its day high and $153.00 as its day low. The current market capitalization of Mid-America Apartment Communities Inc. is $17.72B. A total of 0.66 million shares were traded on the day, compared to an average of 770.63K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MAA has seen 13 BUY and 8 SELL insider trades, representing the acquisition of 58,352 and the disposition of 17,882 shares. Over the last 12 months, there were 26 BUYs and 36 SELLs from insiders. Insiders purchased 77,220 shares during that period but sold 36,266.

In the most recent transaction, DelPriore Robert J. sold 1,767 shares of MAA for 150.21 per share on Apr 04. After the transaction, the EVP, General Counsel now owns 45,006 company shares. In a previous transaction on Apr 04, Carpenter Melanie sold 480 shares at 150.21 per share. MAA shares that EVP & CHRO owns now total 16,669.

Among the insiders who sold shares, Hill Adrian disposed of 584 shares on Feb 21 at a per-share price of $164.28. This resulted in the EVP, Chief Investment Officer holding 27,104 shares of MAA after the transaction. In another insider transaction, DelPriore Robert J. sold 988 shares at $155.57 per share on Jan 11. Company shares held by the EVP, General Counsel now total 48,744.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Mid-America Apartment Communities Inc. pays an annual dividend of $5.60, resulting in a dividend yield of 3.62%, and it has a price to earnings (P/E) ratio of 27.14. MAA’s most recent ex-dividend date was 4/13/2023 when it declared a $1.40 quarterly dividend that was paid in cash on 4/28/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/14/2023. The MAA stock dividend was $1.0630 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MAA in the last 3 months, the mean price target is $171.97 with high estimates of $194.00 and low estimates of $146.00. In terms of 52-week highs and lows, MAA has a high of $207.42 and a low of $138.68.

As of this writing, MAA has an earnings estimate of $1.17 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.42 per share and a lower estimate of $1.09. The company reported an EPS of $1.67 in the last quarter, which was 42.70% higher than expectations of $1.17.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MAA’s latest balance sheet shows that the firm has $54.30M in Cash & Short Term Investments as of fiscal 2021. There were $4.52B in debt and $584.40M in liabilities at the time. Its Book Value Per Share was $53.39, while its Total Shareholder’s Equity was $6.18B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 22 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 3.50. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 13 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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