The Macerich Company (NYSE: MAC) is 20.06% higher on its value in year-to-date trading and has touched a low of $4.56 and a high of $25.03 in the current 52-week trading range. The MAC stock was last observed hovering at around $11.96 in the last trading session, with the day’s gains setting it 0.85% off its average median price target of $10.50 for the next 12 months. It is also 77.53% off the consensus price target high of $57.00 offered by 17 analysts, but current levels are -113.5% lower than the price target low of $6.00 for the same period.
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Currently trading at $12.81, the stock is 16.20% and 26.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.27 million and changing 7.11% at the moment leaves the stock 54.49% off its SMA200. MAC registered -47.70% loss for a year compared to 6-month gain of 42.81%. The firm has a 50-day simple moving average (SMA 50) of $11.09 and a 200-day simple moving average (SMA200) of $8.63.
The stock witnessed a 10.15% loss in the last 1 month and extending the period to 3 months gives it a 76.69%, and is 10.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.04% over the week and 5.58% over the month.
The Macerich Company (MAC) has around 723 employees, a market worth around $2.02B and $833.20M in sales. Profit margin for the company is -1.70%. Distance from 52-week low is 181.05% and -48.81% from its 52-week high. The company has generated returns on investments over the last 12 months (0.60%).
The Macerich Company (MAC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Macerich Company (MAC) is a “Underweight”. 17 analysts offering their recommendations for the stock have an average rating of 3.40, where 5 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 8 analysts have rated the stock as a Sell or Underperform.
The Macerich Company is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $193.09M over the same period.The EPS is expected to grow by 62.10% this year, but quarterly earnings will post -19.30% year-over-year. Quarterly sales are estimated to shrink -20.20% in year-over-year returns.
The Macerich Company (MAC) Top Institutional Holders
389 institutions hold shares in The Macerich Company (MAC), with 11.38M shares held by insiders accounting for 7.62% while institutional investors hold 101.36% of the company’s shares. The shares outstanding are 149.63M, and float is at 149.25M with Short Float at 54.05%. Institutions hold 93.64% of the Float.
The top institutional shareholder in the company is Ontario Teachers’ Pension Plan Board with over 24.56 million shares valued at $166.78 million. The investor’s holdings represent 16.43% of the MAC Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 18.09 million shares valued at $122.8 million to account for 12.10% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 16.27 million shares representing 10.88% and valued at over $110.44 million, while State Street Corporation holds 4.77% of the shares totaling 7.13 million with a market value of $48.4 million.
The Macerich Company (MAC) Insider Activity
A total of 1 insider transactions have happened at The Macerich Company (MAC) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by ANDERSON DANA K, the company’s Vice Chair Emeritus. SEC filings show that ANDERSON DANA K sold 24,100 shares of the company’s common stock on Dec 07 at a price of $11.57 per share for a total of $0.28 million. Following the sale, the insider now owns 75116.0 shares.
The Macerich Company disclosed in a document filed with the SEC on Mar 31 that COPPOLA EDWARD C (President) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 31 and was made at $5.53 per share for $27670.0. Following the transaction, the insider now directly holds 28000.0 shares of the MAC stock.
Still, SEC filings show that on Mar 31, COPPOLA EDWARD C (President) acquired 25,000 shares at an average price of $5.58 for $0.14 million. The insider now directly holds 385,174 shares of The Macerich Company (MAC).
The Macerich Company (MAC): Who are the competitors?
The company’s main competitors (and peers) include Boston Properties Inc. (BXP) that is -32.49% lower over the past 12 months. Short interest in the company’s stock has risen 2.52% from the last report on Nov 29, 2020 to stand at a total of 78.61 million short shares sold with a short interest ratio of 15.22.