Mid-America Apartment Communities, Inc.’s Stock Price Soars to $132.72, Marking a Robust 4.42% Increase

Mid-America Apartment Communities, Inc. (MAA)

132.72 USD +5.62 (+4.42%) Volume: 1.13M

Mid-America Apartment Communities, Inc.’s stock price stands at 132.72 USD, marking a significant trading session gain of +4.42%. Despite a slightly negative YTD performance of -1.29%, MAA continues to draw investor interest with a robust trading volume of 1.13M.

Latest developments on Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities Inc. (NYSE: MAA) has been outperforming competitors in a strong trading day, following the Q3 FFO and revenue estimates beat. The stock was further bolstered by acquisitions by Nisa Investment Advisors LLC and an increased position by DAVENPORT & Co LLC. Despite the CEO selling $333,076.94 in stock and Fifth Third Bancorp decreasing its holdings, Wall Street analysts are optimistic about the potential for a 28% rally and eagerly await the first quarter 2024 earnings release and conference call.

A look at Mid-America Apartment Communities, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Mid-America Apartment Communities, Inc. has received an overall Smart Score of 3 out of 5, indicating a positive long-term outlook for the company. The Smart Score is based on five factors: value, dividend, growth, resilience, and momentum. While the company scored a 2 in value, it received a high score of 4 in both dividend and growth, indicating strong potential for future returns. Additionally, the company received a score of 3 in both resilience and momentum, suggesting a stable and steady performance.

Mid-America Apartment Communities, Inc. is a real estate investment trust that specializes in the development, acquisition, and operation of multi-family apartment communities in the southeastern and midwestern regions of the United States, as well as in Texas. The company also offers third party property management, development, and construction services through its service corporation. With a Smart Score of 3, the company is expected to have a solid performance in the long run, making it a promising investment option for those looking for stability and potential growth in the real estate market.

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