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 May 21, 2024, MAA stock price climbed to $136.92 with 70,951 million shares trading.

MAA has a beta of 0.97, meaning it tends to be less sensitive to market movements. MAA has a correlation of 0.30 to the broad based SPY ETF.

MAA has a market cap of $15.98 billion. This is considered a Large Cap stock.

Last quarter Mid-America Apartment Communities reported $544 million in Revenue and $2.22 earnings per share. This beat revenue expectation by $902,000 and met earnings estimates .

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 price return of -3.7% while the SPY ETF gained +28.2%. However, in the short term, MAA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.3% vs +7.0% return in SPY. But in the last 2 weeks, MAA shares have been beat by the market, returning +0.1% compared to an SPY return of +2.6%.

MAA support price is $135.22 and resistance is $138.50 (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.