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The closing price of Macerich Co. (NYSE: MAC) was $17.78 for the day, down -1.06% from the previous closing price of $17.97. In other words, the price has decreased by -$1.06 from its previous closing price. On the day, 1.02 million shares were traded. MAC stock price reached its highest trading level at $17.98 during the session, while it also had its lowest trading level at $17.55.
Ratios:
Our analysis of MAC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.80. In the meantime, Its Debt-to-Equity ratio is 1.85 whereas as Long-Term Debt/Eq ratio is at 1.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Scotiabank on May 17, 2024, Downgraded its rating to Sector Underperform and sets its target price to $14 from $16 previously.
On May 01, 2024, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $17 to $11.
Citigroup Upgraded its Sell to Neutral on March 22, 2024, whereas the target price for the stock was revised from $8 to $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 10 ’24 when Volk Kenneth bought 5,000 shares for $15.40 per share. The transaction valued at 77,025 led to the insider holds 51,924 shares of the business.
Kingsmore Scott W bought 6,000 shares of MAC for $96,360 on May 09 ’24. The Chief Financial Officer now owns 42,310 shares after completing the transaction at $16.06 per share. On May 08 ’24, another insider, Menard Ann C, who serves as the Chief Legal Officer/Secretary of the company, bought 4,865 shares for $15.40 each. As a result, the insider paid 74,945 and bolstered with 20,633 shares of the company.
Valuation Measures:
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 4024538624 and an Enterprise Value of 8520135168. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.34 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 10.756 whereas that against EBITDA is 22.982.
Stock Price History:
Over the past 52 weeks, MAC has reached a high of $18.33, while it has fallen to a 52-week low of $9.14. The 50-Day Moving Average of the stock is 10.26%, while the 200-Day Moving Average is calculated to be 12.11%.
Shares Statistics:
MAC traded an average of 1.56M shares per day over the past three months and 1163400 shares per day over the past ten days. A total of 215.98M shares are outstanding, with a floating share count of 214.03M. Insiders hold about 0.91% of the company’s shares, while institutions hold 94.09% stake in the company. Shares short for MAC as of 1727654400 were 12789347 with a Short Ratio of 8.20, compared to 1724976000 on 12580571. Therefore, it implies a Short% of Shares Outstanding of 12789347 and a Short% of Float of 9.17.
Dividends & Splits
With its trailing 12-month dividend rate of 0.68, MAC has a forward annual dividend rate of 0.68. Against a Trailing Annual Dividend Yield of 0.037840847The stock’s 5-year Average Dividend Yield is 9.21.
