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After finishing at $13.80 in the prior trading day, Macerich Co. (NYSE: MAC) closed at $14.29, up 3.55%. In other words, the price has increased by $3.55 from its previous closing price. On the day, 2.27 million shares were traded. MAC stock price reached its highest trading level at $14.31 during the session, while it also had its lowest trading level at $13.86.
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 13.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.95. In the meantime, Its Debt-to-Equity ratio is 1.95 whereas as Long-Term Debt/Eq ratio is at 1.95.
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, Piper Sandler on May 01, 2024, Downgraded its rating to Underweight and sets its target price to $11 from $17 previously.
On March 22, 2024, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $8 to $17.
Piper Sandler Upgraded its Underweight to Neutral on October 02, 2023, whereas the target price for the stock was revised from $11 to $12.
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 Mar 28 ’24 when COPPOLA EDWARD C sold 75,000 shares for $17.19 per share. The transaction valued at 1,289,250 led to the insider holds 560,667 shares of the business.
COPPOLA EDWARD C sold 20,000 shares of MAC for $340,200 on Mar 27 ’24. The Director now owns 635,667 shares after completing the transaction at $17.01 per share. On Mar 20 ’24, another insider, O HERN THOMAS E, who serves as the Director of the company, sold 95,000 shares for $16.94 each. As a result, the insider received 1,609,300 and left with 102,900 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 3220308736 and an Enterprise Value of 7497740288. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.51 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 8.938 whereas that against EBITDA is 17.74.
Stock Price History:
Over the past 52 weeks, MAC has reached a high of $17.69, while it has fallen to a 52-week low of $8.90. The 50-Day Moving Average of the stock is -11.20%, while the 200-Day Moving Average is calculated to be 4.52%.
Shares Statistics:
The stock has traded on average 2.11M shares per day over the past 3-months and 2365420 shares per day over the last 10 days, according to various share statistics. A total of 215.98M shares are outstanding, with a floating share count of 214.21M. Insiders hold about 0.70% of the company’s shares, while institutions hold 88.78% stake in the company. Shares short for MAC as of 1713139200 were 12077071 with a Short Ratio of 5.72, compared to 1710460800 on 12492139. Therefore, it implies a Short% of Shares Outstanding of 12077071 and a Short% of Float of 8.649999999999999.
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 0.04927536The stock’s 5-year Average Dividend Yield is 9.63.
