The Macerich Company (NYSE: MAC) closed the day trading at $9.31 down -4.12% from the previous closing price of $9.71. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 2836253 shares were traded. MAC stock price reached its highest trading level at $9.63 during the session, while it also had its lowest trading level at $9.23.
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For a better understanding of MAC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.55. In the meantime, Its Debt-to-Equity ratio is 1.59 whereas as Long-Term Debt/Eq ratio is at 1.59.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 29 when Zecchini Christopher J sold 2,000 shares for $12.65 per share. The transaction valued at 25,302 led to the insider holds 7,458 shares of the business.
Volk Kenneth bought 10,000 shares of MAC for $75,750 on Sep 26. The EVP, Business Development now owns 46,924 shares after completing the transaction at $7.58 per share. On Sep 26, another insider, Kingsmore Scott W, who serves as the Chief Financial Officer of the company, bought 4,000 shares for $7.54 each. As a result, the insider paid 30,180 and bolstered with 36,310 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAC now has a Market Capitalization of 2.16B and an Enterprise Value of 6.41B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.27 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 7.47 whereas that against EBITDA is 15.80.
Stock Price History:
Over the past 52 weeks, MAC has reached a high of $14.51, while it has fallen to a 52-week low of $7.38. The 50-Day Moving Average of the stock is 9.81, while the 200-Day Moving Average is calculated to be 10.89.
Over the past 3-months, MAC traded about 1.98M shares per day on average, while over the past 10 days, MAC traded about 1.91M shares per day. A total of 215.29M shares are outstanding, with a floating share count of 206.00M. Insiders hold about 0.40% of the company’s shares, while institutions hold 83.60% stake in the company. Shares short for MAC as of Apr 27, 2023 were 16.18M with a Short Ratio of 16.18M, compared to 15.85M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.51% and a Short% of Float of 10.70%.
Dividends & Splits
MAC’s forward annual dividend rate is 0.68, up from 0.64 a year ago. Against a Trailing Annual Dividend Yield of 6.59%, it implies a Forward Annual Dividend Yield of 7.00%. The stock’s 5-year Average Dividend Yield is 9.75.
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.13, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.01 and low estimates of -$0.12.
Analysts are recommending an EPS of between $0.04 and -$0.41 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.12, with 6 analysts recommending between $0.06 and -$0.37.
3 analysts predict $205.81M in revenue for the current quarter. It ranges from a high estimate of $217.1M to a low estimate of $196.29M. As of the current estimate, The Macerich Company’s year-ago sales were $204.09M, an estimated increase of 0.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $212.67M, an increase of 4.20% over than the figure of $0.80% in the same quarter last year. There is a high estimate of $225.6M for the next quarter, whereas the lowest estimate is $204.39M.
A total of 6 analysts have provided revenue estimates for MAC’s current fiscal year. The highest revenue estimate was $898.4M, while the lowest revenue estimate was $751.67M, resulting in an average revenue estimate of $822.59M. In the same quarter a year ago, actual revenue was $859.16M, down -4.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $841.38M in the next fiscal year. The high estimate is $921.4M and the low estimate is $770.06M. The average revenue growth estimate for next year is up 2.30% from the average revenue estimate for this year.