Previous Close | 180.45 |
Open | 180.66 |
Bid | 183.80 x 800 |
Ask | 183.83 x 900 |
Day's Range | 181.18 - 184.78 |
52 Week Range | 158.83 - 231.63 |
Volume | |
Avg. Volume | 726,558 |
Market Cap | 21.807B |
Beta (5Y Monthly) | 0.72 |
PE Ratio (TTM) | 35.71 |
EPS (TTM) | 5.15 |
Earnings Date | Jul 26, 2022 - Aug 01, 2022 |
Forward Dividend & Yield | 5.00 (2.77%) |
Ex-Dividend Date | Jul 14, 2022 |
1y Target Est | 217.94 |
Flexibility from remote working, more favorable weather, and more affordable cost of living have made many markets across the sunnier southern states of the U.S., dubbed the Sun Belt, boom. Rental properties are in short supply, and with today's red-hot rental market there's no better way to gain exposure to this industry than through real estate investment trusts (REITs) Mid-America Apartment Communities (NYSE: MAA)Â and Camden Property Trust (NYSE: CPT). Specializing in the operation and leasing of high-quality class A apartments in some of the hottest real estate markets of the Sun Belt right now, both of these REITs are worthwhile long-term buys.
The stock market is down, but it doesn't mean there aren't great stocks on track for a red-hot summer. The real estate market is on fire, and summer is one of the busiest times of year. There are lots of reasons these three real estate stocks should be in for a sizzling season.
Mid-America Apartment Communities' (MAA) recent dividend hike of 15% is likely to be sustainable, given the company's operational and financial strength.