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After finishing at $20.12 in the prior trading day, Macerich Co (NYSE: MAC) closed at $18.32, down -8.95%. In other words, the price has decreased by -$8.95 from its previous closing price. On the day, 6.31 million shares were traded.
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 20.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.99. In the meantime, Its Debt-to-Equity ratio is 1.76 whereas as Long-Term Debt/Eq ratio is at 1.47.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.34 while its Price-to-Book (P/B) ratio in mrq is 1.65.
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 $12.60. The 50-Day Moving Average of the stock is -9.69%, while the 200-Day Moving Average is calculated to be 4.39%.
Shares 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 102.12% stake in the company.
