as i write maa is at 47.20 - about 1 1/2 below the highs. i will get back in if it drops to the low 40s, which might happen sometime in the next six months as people take profits in reits like maa and rates creep up.
good luck everyone, there are certainly worse stocks to own than maa but depending on your tax situation i would take the profits imho.
cleats, where have you been over the past 3 years? higher housing prices (primarily because of low interest rates and aggressive lending) do not mean higher rents, it's quite the contrary as increased vacancies at almost all major apartments across the country has put a hold on rent increases. yes, major chains like maa, asn, etc have been selling off property to condo choppers at huge gains. and yes, the rental business is getting a bit better. but maa is still overpriced in the 46s and it's got a much better chance of losing 4 points here than gaining it imho.