Mid-America Apartment Communities Inc. (NYSE:MAA) traded at a new 52-week high today of $182.42. Approximately 115,000 shares have changed hands today, as compared to an average 30-day volume of 616,000 shares.
In the past 52 weeks, Mid-America Apartment Communities Inc. share prices are bracketed by a low of $108.63 and a high of $182.42 and is now at $182.12, 68% above that low price.
Mid-America Apartment Communities Inc. (NYSE:MAA) defies analysts with a current price ($182.12) 8.2% above its average consensus price target of $167.20.
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities primarily located in the southeastern and southwestern United States. The company’s real estate portfolio contains holdings in most of the states in these two regions. Specifically, the states of Texas, Florida, and North Carolina contain a majority of Mid-America Apartment’s total number of apartment units. The company derives nearly all of its income in the form of rental revenue from leases. Most of this income comes from its holdings in Texas, Florida, and North Carolina as well. MAA also has partial ownership and operation of a number of commercial properties as well.
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