Mid-America Apartment Communities, Inc (NYSE:MAA) shares, rose in value on Friday, January 24, with the stock price up by 1.03% to the previous day’s close as strong demand from buyers drove the stock to $148.41.
Actively observing the price movement in the last trading, the stock closed the session at $146.90, falling within a range of $146.35 and $149.41. The value of beta (5-year monthly) was 0.874 whereas the PE ratio was 33.50 over 12-month period. Referring to stock’s 52-week performance, its high was $167.39, and the low was $121.51. On the whole, MAA has fluctuated by -3.25% over the past month.
With the market capitalization of Mid-America Apartment Communities, Inc currently standing at about $17.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 5.92, with its dividend yield at 3.99%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.19B, with a low estimate of 543.03M and a high estimate of 558.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 552.05M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MAA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of MAA currently trading nearly -1.70% and -4.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.48, while the 7-day volatility ratio is showing 1.94% which for the 30-day chart, stands at 1.91%. Furthermore, Mid-America Apartment Communities, Inc (MAA)’s beta value is 0.89, and its average true range (ATR) is 3.05.
A comparison of Mid-America Apartment Communities, Inc (MAA) with its peers suggests the former has fared considerably weaker in the market. MAA showed an intraday change of 1.03% in last session, and over the past year, it grew by 9.44%%.
Data on historical trading for Mid-America Apartment Communities, Inc (NYSE:MAA) indicates that the trading volumes over the past 10 days have averaged 0.65 and over the past 3 months, they’ve averaged 658.12K. According to company’s latest data on outstanding shares, there are 116.88 million shares outstanding.
Nearly 0.85% of Mid-America Apartment Communities, Inc’s shares belong to company insiders and institutional investors own 93.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.01 million shares as on 2024-12-31, resulting in a short ratio of 4.55. According to the data, the short interest in Mid-America Apartment Communities, Inc (MAA) stood at 354.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 3.15 million. The stock has fallen by -3.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MAA stock heading into the next quarter.
