The price of Mid-America Apartment Communities, Inc. (NYSE:MAA) shares last traded on Wall Street rose 1.36% to $141.25.
MAA stock price is now 6.13% away from the 50-day moving average and 8.28% away from the 200-day moving average. The market capitalization of the company currently stands at $16.50B.
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With the price target maintained at $150, Janney recently Upgraded its rating from Neutral to Buy for Mid-America Apartment Communities, Inc. (NYSE: MAA). On May 06, 2024, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $135 to quote $154, while ‘Goldman’ rates the stock as ‘Buy’
In other news, BOLTON H ERIC JR, President and CEO sold 2,642 shares of the company’s stock on Apr 05 ’24. The stock was sold for $333,077 at an average price of $126.07. Upon completion of the transaction, the President and CEO now directly owns 317,737 shares in the company, valued at $44.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 05 ’24, EVP & CHRO Carpenter Melanie sold 314 shares of the business’s stock. A total of $39,586 was realized by selling the stock at an average price of $126.07. This leaves the insider owning 20,533 shares of the company worth $2.9 million. A total of 0.70% of the company’s stock is owned by insiders.
During the past 12 months, Mid-America Apartment Communities, Inc. has had a low of $115.56 and a high of $158.46. According to the stock market information, the enterprise value for the company is $21283420160, which is based on a 29.62 price-to-earnings ratio, a 9.49 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for MAA is $133.2672 and a two-hundred day moving average price translates $130.42795 for the stock.
The latest earnings results from Mid-America Apartment Communities, Inc. (NYSE: MAA) was released for 2024-03-31. The net profit margin was 25.74% and return on equity was 9.12% for MAA. The company reported revenue of $543.62 million for the quarter, compared to $529.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.76 percent.
