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Friday, September 29, 2023

Make Sure You Stick With The Macerich Company (MAC). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for The Macerich Company (MAC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $12.23. The The Macerich Company has recorded 907,383 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Macerich Closes Amended and Restated $650 Million Revolving Credit Facility.

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Stocks Info

The Macerich Company is listed on the NYSE in the Real Estate sector while operating in the REIT – Retail industry. The current market capitalization of The Macerich Company is $2.62B. A total of 4.77 million shares were traded on the day, compared to an average of 2.52M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MAC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 2 SELLs from insiders. Insiders purchased 295,048 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.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. MAC’s most recent ex-dividend date was 8/17/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 9/8/2023. Previously, the company paid the dividend on 6/2/2023 with an ex-dividend date of 5/18/2023. The MAC stock dividend was $0.17 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MAC has a high of $14.51 and a low of $7.38.

As of this writing, MAC has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.02 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.27 in the last quarter, which was -285.70% lower than expectations of -$0.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MAC’s latest balance sheet shows that the firm has $112.45M in Cash & Short Term Investments as of fiscal 2021. There were $4.61B in debt and $441.44M in liabilities at the time. Its Book Value Per Share was $12.68, while its Total Shareholder’s Equity was $3.18B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 2.09.

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