Mid-America Apartment Communities traded at $133.89 this Tuesday June 23rd, increasing $1.76 or 1.33 percent since the previous trading session. Looking back, over the last four weeks, Mid-America Apartment Communities gained 2.57 percent. Over the last 12 months, its price fell by 10.24 percent. Looking ahead, we forecast Mid-America Apartment Communities to be priced at 129.77 by the end of this quarter and at 121.91 in one year, according to Trading Economics global macro models projections and analysts expectations.
Mid-America Apartment Communities, Inc. is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires, and selectively develops apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the United States. The Company’s segments include Same Store and Non-Same Store and Other. The Same Store segment represents apartment communities that have been owned and stabilized for at least 12 months. The Non-Same Store and Other segment includes recently acquired communities, communities or in lease-up, communities identified for disposition, communities. The Non-Same Store and Other segment also includes non-multifamily activities. The Company owns and operates approximately 296 apartment communities through the Mid-America Apartments, L.P. (Operating Partnership) and its subsidiaries.