Are Things Looking Up For Macerich Co. (NYSE: MAC)?

After Hours

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Retail industry segment. The current market capitalization of Macerich Co. is $3.47B. A total of 1.64 million shares were traded on the day, compared to an average of 2.02M shares.

In the most recent transaction, COPPOLA EDWARD C sold 75,000 shares of MAC for 17.19 per share on Mar 28 ’24. After the transaction, the Director now owns 560,667 company shares. In a previous transaction on Mar 27 ’24, COPPOLA EDWARD C sold 20,000 shares at 17.01 per share. MAC shares that Director owns now total 635,667.

Among the insiders who sold shares, O HERN THOMAS E disposed of 95,000 shares on Mar 20 ’24 at a per-share price of $16.94. This resulted in the Director holding 102,900 shares of MAC after the transaction. In another insider transaction, O HERN THOMAS E sold 7,964 shares at $16.39 per share on Mar 14 ’24. Company shares held by the Director now total 0.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. MAC’s most recent ex-dividend date was 2/15/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 3/4/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/8/2023. The MAC stock dividend was $0.17 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MAC has a high of $17.69 and a low of $8.90.

As of this writing, MAC has an earnings estimate of $Bank of America Corporation per share for the current quarter. EPS was calculated based on a consensus of AMC Entertainment Holdings, Inc estimates, with a high estimate of $Macy’s Inc per share and a lower estimate of $International Business Machines.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $11.33, while its Total Shareholder’s Equity was $3.18B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 2.54.

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