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After finishing at $19.58 in the prior trading day, Macerich Co (NYSE: MAC) closed at $19.52, down -0.31%. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 1.1 million shares were traded. MAC stock price reached its highest trading level at $19.74 during the session, while it also had its lowest trading level at $19.41.
Ratios:
Our goal is to gain a better understanding of MAC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.17. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.44.
On January 02, 2025, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $19 to $23.
Scotiabank Upgraded its Sector Underperform to Sector Perform on December 17, 2024, while the target price for the stock was maintained at $22.
Insider Transactions:
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 Dec 26 ’24 when Stephen Andrea M sold 63,289 shares for $20.59 per share. The transaction valued at 1,303,121 led to the insider holds 0 shares of the business.
O’Hern Living Trust U/A/D 11-2 bought 57,200 shares of MAC for $1,115,400 on Nov 12 ’24. On May 10 ’24, another insider, Volk Kenneth, who serves as the EVP, Business Development of the company, bought 5,000 shares for $15.40 each. As a result, the insider paid 77,025 and bolstered with 51,924 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 5029776896 and an Enterprise Value of 8779010048. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.69 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 11.137 whereas that against EBITDA is 24.279.
Stock Price History:
The Beta on a monthly basis for MAC is 2.54, which has changed by 0.24648786 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, MAC has reached a high of $22.27, while it has fallen to a 52-week low of $12.99. The 50-Day Moving Average of the stock is -3.48%, while the 200-Day Moving Average is calculated to be 14.67%.
Shares Statistics:
The stock has traded on average 2.13M shares per day over the past 3-months and 1772420 shares per day over the last 10 days, according to various share statistics. A total of 248.53M shares are outstanding, with a floating share count of 246.79M. Insiders hold about 0.70% of the company’s shares, while institutions hold 85.69% stake in the company. Shares short for MAC as of 1735603200 were 14633741 with a Short Ratio of 6.86, compared to 1732838400 on 14274674. Therefore, it implies a Short% of Shares Outstanding of 14633741 and a Short% of Float of 8.33.
Dividends & Splits
In the trailing 12 months, MAC’s forward annual dividend rate was 0.68, compared to 0.68 this year. Against a Trailing Annual Dividend Yield of 0.034729317The stock’s 5-year Average Dividend Yield is 8.83.
