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Tuesday, March 21, 2023

The Macerich Company (NYSE: MAC) Could Achieve Gains In The Near Future

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for The Macerich Company (MAC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -1.40%, to $11.25. The The Macerich Company has recorded 52,006 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Macerich to Bring Din Tai Fung, ‘World’s Greatest Dumplings’ to Santa Monica Place.

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Stocks Info

MAC belongs to the Real Estate sector of the NYSE while operating in the REIT – Retail industry. At the end of the last regular session, the stock closed at $11.41 and fluctuated between $11.90 as its day high and $11.40 as its day low. The current market capitalization of The Macerich Company is $2.46B. A total of 1.75 million shares were traded on the day, compared to an average of 1.48M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MAC has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 83,016 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 2 SELLs from insiders. Insiders purchased 454,230 shares during that period but sold 4,000.

In the most recent transaction, Zecchini Christopher J sold 2,000 shares of MAC for 12.65 per share on Nov 29. After the transaction, the Chief Accounting Officer now owns 7,458 company shares. In a previous transaction on Sep 26, Volk Kenneth bought 10,000 shares at 7.58 per share. MAC shares that EVP, Business Development owns now total 46,924.

Among the insiders who bought shares, Kingsmore Scott W acquired of 4,000 shares on Sep 26 at a per-share price of $7.54. This resulted in the Chief Financial Officer holding 36,310 shares of MAC after the transaction. In another insider transaction, COPPOLA EDWARD C bought 50,000 shares at $7.98 per share on Sep 23. Company shares held by the President now total 625,739.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MAC’s most recent ex-dividend date was 2/16/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 3/3/2023. Previously, the company paid the dividend on 12/2/2022 with an ex-dividend date of 11/8/2022. The MAC stock dividend was $0.17 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MAC in the last 3 months, the mean price target is $12.92 with high estimates of $18.00 and low estimates of $8.00. In terms of 52-week highs and lows, MAC has a high of $16.67 and a low of $7.40.

As of this writing, MAC has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.07 in the last quarter, which was -250.00% lower than expectations of -$0.02.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MAC is Hold with a score of 2.64. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 4 thought it should be Sold.

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