Mid-America Apartment Communities (MAA) Shares are Down -7.43%

Mid-America Apartment Communities (MAA) : During the past 4 weeks, traders have been relatively bearish on Mid-America Apartment Communities (MAA), hence the stock is down -11.76% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.4% relative to the S&P 500. The 4-week change in the price of the stock is -11.42% and the stock has fallen -7.43% in the past 1 week.

Mid-America Apartment Communities Inc. has dropped 4.72% during the last 3-month period . Year-to-Date the stock performance stands at 6.74%. The stock has recorded a 20-day Moving Average of 7.52% and the 50-Day Moving Average is 8.35%.


Mid-America Apartment Communities (NYSE:MAA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.92 and $93.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.56, notching a gain of 0.28% for the day. The total traded volume was 921,904 . The stock had closed at $94.30 on the previous day.

Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey upgrades its rating on Mid-America Apartment Communities (NYSE:MAA). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 19, 2016.

Mid-America Apartment Communities, Inc. is a multifamily focused, self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments, L.P. The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Companys segments include large market same store communities, secondary market same store communities and non-same store communities and other. As of December 31, 2014, the Companys activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties, located in Alabama, Arizona, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, Nevada, North Carolina, South Carolina, Tennessee, Texas and Virginia.

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