New Lifetime High Reached: Mid-America Apartment Communities (MAA)
Trade-Ideas LLC identified
Mid-America Apartment Communities
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Mid-America Apartment Communities as such a stock due to the following factors:
- MAA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $75.5 million.
- MAA has traded 16,469 shares today.
- MAA is trading at a new lifetime high.
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More details on MAA:
Mid-America Apartment Communities, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in acquisition, redevelopment, new development, property management, and disposition of multifamily apartment communities. The stock currently has a dividend yield of 3.1%. MAA has a PE ratio of 26. Currently there are 4 analysts that rate Mid-America Apartment Communities a buy, no analysts rate it a sell, and 9 rate it a hold.
The average volume for Mid-America Apartment Communities has been 511,100 shares per day over the past 30 days. Mid-America Apartment has a market cap of $8.1 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.37 and a short float of 4% with 3.26 days to cover. Shares are up 18.2% year-to-date as of the close of trading on Friday.
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Analysis:
rates Mid-America Apartment Communities as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- Compared to its closing price of one year ago, MAA's share price has jumped by 46.13%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, MAA should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- Despite its growing revenue, the company underperformed as compared with the industry average of 11.9%. Since the same quarter one year prior, revenues slightly increased by 4.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has slightly increased to $104.09 million or 3.20% when compared to the same quarter last year. Despite an increase in cash flow, MID-AMERICA APT CMNTYS INC's average is still marginally south of the industry average growth rate of 11.47%.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, MID-AMERICA APT CMNTYS INC's return on equity is below that of both the industry average and the S&P 500.
- You can view the full Mid-America Apartment Communities Ratings Report.
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