Mid-America Apartment Communities Inc (NYSE:MAA)
May 14th, 2019
With markets going up Mid-America Apartment Communities Inc closed the day up $0.40 Tuesday, up 0.36%, closing at $111.48. Furthermore it hit a new 52 week high of $112.04. 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 0.35% today.
Mid-America Apartment Communities Inc is listed on the S&P 500 index, and was one of 396 stocks that rose today. Weighted by market cap, MAA represents about 0.05% of the S&P 500.
Expectations from 14 analysts points to the possibility that Mid-America Apartment Communities Inc could fall somewhat (-0.43%), while Finbox has calculated (with very high uncertainty) a fair value price of $72.93.
The market sectors were mixed Tuesday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (1.60%), while Utilities saw the biggest drop (-0.87%). Information Technology has seen the biggest year-to-date gain at 18.05%.
Information Technology saw the biggest turnaround from its 5-day performance of -6.38%, as it went up 1.60%. Utilities saw a turn around from its 5-day performance of 1.03% trading down -0.87%.
- Information Technology went up with a 1.60% change.
- Energy went up with a 1.09% change.
- Industrials went up with a 1.07% change.
- Consumer Discretionary went up with a 0.87% change.
- Materials went up with a 0.82% change.
- Financials went up with a 0.80% change.
- Healthcare went up with a 0.41% change.
- Consumer Staples went up with a 0.37% change.
- Real Estate went up with a 0.35% change.
- Communication Services went up with a 0.24% change.
- Utilities went down with a -0.87% 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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