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NEW YORK ( TheStreet) -- Mid-America Apartment Communities (NYSE: MAA) hit a new 52-week low Monday as it is currently trading at $57, below its previous 52-week low of $57.04 with 518,783 shares traded as of 3:55 p.m. ET. Average volume has been 383,300 shares over the past 30 days. Mid-America Apartment has a market cap of $2.3 billion and is part of the financial sector and real estate industry. Shares are down 5.2% year to date as of the close of trading on Friday. Mid-America Apartment Communities, Inc., a real estate investment trust (REIT), engages in acquiring, owning, and operating apartment communities primarily in the Sunbelt region of the United States. The company has a P/E ratio of 82, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.