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The closing price of Macerich Co (NYSE: MAC) was $21.00 for the day, down -1.64% from the previous closing price of $21.35. In other words, the price has decreased by -$1.64 from its previous closing price. On the day, 1.14 million shares were traded. MAC stock price reached its highest trading level at $21.46 during the session, while it also had its lowest trading level at $20.945.
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 23.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.63. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.44.
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, Mizuho on December 04, 2024, Upgraded its rating to Neutral and sets its target price to $22 from $14 previously.
On May 17, 2024, Scotiabank Downgraded its rating to Sector Underperform which previously was Sector Perform and also lowered its target price recommendation from $16 to $14.
Piper Sandler Downgraded its Neutral to Underweight on May 01, 2024, whereas the target price for the stock was revised from $17 to $11.
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 Nov 12 ’24 when O’Hern Living Trust U/A/D 11-2 bought 57,200 shares for $19.50 per share.
Volk Kenneth bought 5,000 shares of MAC for $77,025 on May 10 ’24. The EVP, Business Development now owns 51,924 shares after completing the transaction at $15.40 per share. On May 09 ’24, another insider, Kingsmore Scott W, who serves as the Chief Financial Officer of the company, bought 6,000 shares for $16.06 each. As a result, the insider paid 96,360 and bolstered with 42,310 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 5501307392 and an Enterprise Value of 9112791040. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.12 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 11.56 whereas that against EBITDA is 25.202.
Stock Price History:
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 8.40%, while the 200-Day Moving Average is calculated to be 26.39%.
Shares Statistics:
MAC traded an average of 2.02M shares per day over the past three months and 3531130 shares per day over the past ten days. A total of 248.53M shares are outstanding, with a floating share count of 246.49M. Insiders hold about 0.82% of the company’s shares, while institutions hold 85.66% stake in the company. Shares short for MAC as of 1732838400 were 14274674 with a Short Ratio of 7.06, compared to 1730332800 on 12944161. Therefore, it implies a Short% of Shares Outstanding of 14274674 and a Short% of Float of 8.1199996.
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 0.03185012The stock’s 5-year Average Dividend Yield is 8.95.
