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. Yahoo Finance discussed the stock recently as it posted MAA Announces Taxable Composition of 2023 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 $133.00 and fluctuated between $135.83 as its day high and $131.27 as its day low. The current market capitalization of Mid-America Apartment Communities, Inc. is $15.52B. A total of 1.43 million shares were traded on the day, compared to an average of 952.16K 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 2 BUY and 0 SELL insider trades, representing the acquisition of 2,200 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 17 SELLs from insiders. Insiders purchased 73,116 shares during that period but sold 30,127.
In the most recent transaction, BOLTON H ERIC JR sold 4,028 shares of MAA for 130.21 per share on Jan 11. After the transaction, the President and CEO now owns 304,523 company shares. In a previous transaction on Jan 08, DelPriore Robert J. sold 7,211 shares at 131.33 per share. MAA shares that EVP, General Counsel owns now total 47,305.
Among the insiders who sold shares, Carpenter Melanie disposed of 371 shares on Jan 08 at a per-share price of $131.33. This resulted in the EVP & CHRO holding 19,067 shares of MAA after the transaction. In another insider transaction, Argo Timothy sold 84 shares at $131.33 per share on Jan 08. Company shares held by the EVP, Chief Strategy & Analysis now total 13,713.
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 $5.62, resulting in a dividend yield of 4.23%, and it has a price to earnings (P/E) ratio of 26.57. MAA’s most recent ex-dividend date was 1/11/2024 when it declared a $1.47 quarterly dividend that was paid in cash on 1/31/2024. Previously, the company paid the dividend on 10/31/2023 with an ex-dividend date of 10/12/2023. The MAA stock dividend was $1.40 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 $141.60 with high estimates of $181.00 and low estimates of $126.00. In terms of 52-week highs and lows, MAA has a high of $176.36 and a low of $115.56.
As of this writing, MAA has an earnings estimate of $1.07 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.12 per share and a lower estimate of $1.02. The company reported an EPS of $1.24 in the last quarter, which was 12.70% higher than expectations of $1.1.
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. 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 $52.57, while its Total Shareholder’s Equity was $6.18B.
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, 0 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 Buy with a score of 3.09.
