Mid-America Apartment Communities, Inc. [MAA] stock is trading at $132.72, up 4.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MAA shares have gain 3.12% over the last week, with a monthly amount glided 0.02%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, MAA Announces Date of First Quarter 2024 Earnings Release, Conference Call. In a post published today on Yahoo Finance, MAA (NYSE: MAA) announced today that the Company expects to release its first quarter 2024 results on Wednesday, May 1, 2024, after market close and will hold a conference call on Thursday, May 2, 2024, at 9:00 a.m. Central Time. During the conference call, company officers will review first quarter 2024 performance and conduct a question-and-answer session.
From an analyst’s perspective:
Previously, Deutsche Bank started tracking the stock with Hold rating on January 30, 2024, and set its price target to $139. On January 16, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $158 on the stock. Scotiabank upgraded its rating to a Sector Perform. Jefferies downgraded its rating to a Hold and reduced its price target to $136 on January 02, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on December 12, 2023, and assigned it a price target of $128. In a note dated November 28, 2023, Colliers Securities upgraded an Buy rating on this stock but restated the target price of $144.
Mid-America Apartment Communities, Inc. [MAA] stock has fluctuated between $115.56 and $158.46 over the past year. Currently, Wall Street analysts expect the stock to reach $219.17 within the next 12 months. Mid-America Apartment Communities, Inc. [NYSE: MAA] shares were valued at $132.72 at the most recent close of the market. An investor can expect a potential return of 65.14% based on the average MAA price forecast.
Analyzing the MAA fundamentals
Mid-America Apartment Communities, Inc. [NYSE:MAA] reported sales of 2.15B for the trailing twelve months, which represents a growth of 2.71%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.5%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 129.52 points at the first support level, and at 126.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 134.68, and for the 2nd resistance point, it is at 136.64.
Mid-America Apartment Communities, Inc. [MAA] reported earnings per share of $1.37 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.07/share, meaning a difference of $0.3 and a surprise factor of 28.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.94 per share as compared to estimates of $1.12 per share, a difference of -$0.18 representing a surprise of -16.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.21, the price to book ratio is 2.53 and price to earnings (TTM) ratio is 28.21.
Transactions by insiders
Recent insider trading involved BOLTON H ERIC JR, President and CEO, that happened on Apr 05 ’24 when 2642.0 shares were sold. EVP & CHRO, Carpenter Melanie completed a deal on Apr 05 ’24 to sell 314.0 shares. Meanwhile, EVP, Chief Strategy & Analysis Argo Timothy sold 68.0 shares on Apr 05 ’24.
