Macerich Co. (MAC): These Numbers Show Where NYSE:MAC Stock Is Going Next

Macerich Co. (NYSE: MAC) is 10.95% higher on its value in year-to-date trading and has touched a low of $8.57 and a high of $17.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAC stock was last observed hovering at around $16.93 in the last trading session, with the day’s gains setting it 0.19%.

Currently trading at $17.12, the stock is 6.08% and 12.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing 1.12% at the moment leaves the stock 42.66% off its SMA200. MAC registered 34.08% gain for a year compared to 6-month gain of 37.51%. The firm has a 50-day simple moving average (SMA 50) of $8.95 and a 200-day simple moving average (SMA200) of $44.78.

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The stock witnessed a 9.96% loss in the last 1 month and extending the period to 3 months gives it a 72.06%, and is 8.84% 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 4.53% over the week and 3.57% over the month.

Macerich Co. (MAC) has around Feb 15 2024 employees, a market worth around $3.69B and $881.37M in sales. Profit margin for the company is -15.83%. Distance from 52-week low is 99.68% and -1.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.03%).

Macerich Co. quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $204.14M over the same period.The EPS is expected to grow by 88.85% this year, but quarterly earnings will post -4.70% year-over-year. Quarterly sales are estimated to shrink -5.00% in year-over-year returns.

Macerich Co. (MAC) Top Institutional Holders

380 institutions hold shares in Macerich Co. (MAC), with institutional investors hold 92.21% of the company’s shares. The shares outstanding are 215.98M, and float is at 213.82M with Short Float at 6.33%. Institutions hold 91.53% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 34.11 million shares valued at $384.43 million. The investor’s holdings represent 15.85% of the MAC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 23.41 million shares valued at $263.81 million to account for 10.87% of the shares outstanding. The other top investors are Smead Capital Management, Inc. which holds 21.02 million shares representing 9.76% and valued at over $236.88 million, while JP Morgan Chase & Company holds 9.16% of the shares totaling 19.71 million with a market value of $222.12 million.

Macerich Co. (MAC) Insider Activity

A total of 0 insider transactions have happened at Macerich Co. (MAC) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Macerich Co. (MAC): Who are the competitors?

The company’s main competitors (and peers) include Boston Properties Inc. (BXP) that is trading -10.64% down over the past 12 months.