Mid-America Apartment Communities, Inc.
$134.97
+4.7%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 December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.
At a Glance
Live SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
High confidenceValuation multiple is elevated (P/E 35.6).
Valuation inputs: P/E 35.6, earnings yield +2.8%, momentum +4.7%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is soft (ROE +7.9%, ROIC +5.6%).
Profitability stack: net margin +20.2%, ROE +7.9%, ROIC +5.6%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceDownside profile looks controlled across current risk inputs.
Risk factors: liabilities/assets +51.2%, momentum +4.7%, net margin +20.2%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
Mid-America Apartment Communities, Inc. Market vs Earnings Trajectory
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Mid-America Apartment Communities, Inc. Fair Value Envelope
Mid-America Apartment Communities, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
Mid-America Apartment Communities, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
FCF Growth Trend
Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.
Mid-America Apartment Communities, Inc. Funding & Solvency Profile
Financial Health Analysis
Debt-to-Equity Ratio
Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.
Working Capital
Strong working capital position provides significant operational flexibility and financial cushion.
Asset Composition
Capital-intensive business with significant long-term investments in property, equipment, or intangibles.
Mid-America Apartment Communities, Inc. Street Expectations Map
Wall Street analysts project that MAA stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 141.62, with estimates ranging from a low of 120.00 to a high of 158.00.
The consensus 1-year price target stands at 141.62, with estimates ranging from a low of 120.00 to a high of 158.00.
Analyst Consensus Analysis
Upside Potential
Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.
Analyst Agreement
Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.
Risk-Reward Profile
Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.
Analyst Conviction
Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.
Market Sentiment Insight
Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.
Mid-America Apartment Communities, Inc. Insider Positioning
During the last 12 months, insiders have purchased $252K and sold $1.16M worth of MAA shares, resulting in $912K of net selling activity.
3 Months
600
77.40K
2.1K
266.65K
-189K
-$189K
3-6 Months
758
99.93K
6.5K
897.85K
-798K
-$798K
6-9 Months
578
74.77K
0
0.00
+75K
+$75K
9-12 Months
0
0.00
0
0.00
+0
+$0
Top Buyers
Hill Adrian
Officer: Evp, Chief Investment Officer
$100K
Fischer Tamara D
Director
$77K
Bolton H Eric Jr
Director, Officer: President And Ceo
$75K
Top Sellers
Delpriore Robert J.
Officer: Evp, General Counsel
$750K
Carpenter Melanie
Officer: Evp & Chro
$150K
Fairbanks Amber
Officer: Evp, Property Management
$145K
French James Barton
Officer: Evp Investments
$46K
Argo Timothy
Officer: Evp, Chief Strategy & Analysis
$38K
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $912K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.
Recent Trend (3 Months)
Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.
Insider Participation
5 insider sellers vs. 3 buyers. More insiders selling than buying suggests cautious or negative sentiment.
Insider Activity Insight
Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.
maa Dividend History
Learning Layer
Related Guides
Build conviction on MAA by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.