MAA Stock Summary and Trading Ideas (Mid-America Apartment Communities | NYSE:MAA)

Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

Mid-America Apartment Communities trades on the NYSE stock market under the symbol MAA.

As of April 17, 2024, MAA stock price climbed to $124.80 with 1,173,507 million shares trading.

MAA has a beta of 0.96, meaning it tends to be less sensitive to market movements. MAA has a correlation of 0.26 to the broad based SPY ETF.

MAA has a market cap of $14.56 billion. This is considered a Large Cap stock.

In the last 3 years, MAA stock traded as high as $231.63 and as low as $115.56.

The top ETF exchange traded funds that MAA belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

MAA has underperformed the market in the last year with a return of -11.2%, while the SPY ETF gained +23.0%. In the last 3 month period, MAA fell short of the market, returning -6.8%, while SPY returned +5.7%. However, in the most recent 2 weeks MAA has outperformed the stock market by returning -0.9%, while SPY returned -3.5%.

MAA support price is $121.83 and resistance is $125.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAA stock will trade within this expected range on the day.