Value Investing Philosophy And Macerich Co. (NYSE: MAC)?

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.

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Stocks Info

MAC belongs to the Real Estate sector of the NYSE while operating in the REIT – Retail industry. The current market capitalization of Macerich Co. is $3.22B. A total of 1.18 million shares were traded on the day, compared to an average of 1.90M shares.

In the most recent transaction, Volk Kenneth bought 5,000 shares of MAC for 15.40 per share on May 10 ’24. After the transaction, the EVP, Business Development now owns 51,924 company shares. In a previous transaction on May 09 ’24, Kingsmore Scott W bought 6,000 shares at 16.06 per share. MAC shares that Chief Financial Officer owns now total 42,310.

Among the insiders who bought shares, Menard Ann C acquired of 4,865 shares on May 08 ’24 at a per-share price of $15.40. This resulted in the Chief Legal Officer/Secretary holding 20,633 shares of MAC after the transaction. In another insider transaction, Healey Doug J bought 7,500 shares at $15.20 per share on May 07 ’24. Company shares held by the Senior EVP, Head of Leasing now total 78,487.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MAC’s most recent ex-dividend date was 5/17/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 6/3/2024. Previously, the company paid the dividend on 3/4/2024 with an ex-dividend date of 2/15/2024. 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. In terms of 52-week highs and lows, MAC has a high of $17.69 and a low of $9.14.

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. 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 $10.58, while its Total Shareholder’s Equity was $3.18B.

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, 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 2.23.

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