Mid-America Apartment Communities Inc (NYSE:MAA)
May 15th, 2019
Amidst rising markets Mid-America Apartment Communities Inc closed the day up $1.16 Wednesday which equals a 1.04% jump, closing at $112.64. Furthermore it hit a new 52 week high of $112.74. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.72.
MAA outperformed the rest of the Real Estate sector which went up 0.64% today.
Mid-America Apartment Communities Inc is listed on the S&P 500 index, and was one of 319 stocks that increased today. Weighted by market cap, MAA represents about 0.05% of the S&P 500.
Analysis results from 14 analysts suggest that Mid-America Apartment Communities Inc might decline somewhat (-0.43%), while Finbox has calculated (with very high uncertainty) a fair value price of $72.93.
The market sectors were mixed Wednesday with a majority of the sectors trending up. Communication Services saw the biggest increase of the day (2.11%), while Financials saw the biggest drop (-0.48%). Information Technology has seen the biggest year-to-date gain at 19.93%.
Communication Services saw the biggest turnaround from its 5-day performance of -2.60%, as it went up 2.11%. Utilities saw a turn around from its 5-day performance of 0.47% trading down -0.13%.
- Communication Services went up with a 2.11% change.
- Information Technology went up with a 0.98% change.
- Consumer Staples went up with a 0.80% change.
- Consumer Discretionary went up with a 0.78% change.
- Real Estate went up with a 0.64% change.
- Energy went up with a 0.46% change.
- Healthcare went up with a 0.27% change.
- Industrials went up with a 0.12% change.
- Utilities went down with a -0.13% change.
- Materials went down with a -0.24% change.
- Financials went down with a -0.48% change.
Mid-America Apartment Communities Inc Info
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of March 31, 2019, MAA had ownership interest in 101,954 apartment units, including communities currently in development, across 17 states and the District of Columbia.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Mid-America Apartment Communities Inc’s score is 1.72) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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