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Is The Macerich Company’s (NYSE:MAC) Stock Expensive Or Cheap At $8.38?

In recent trading session, The Macerich Company (NYSE:MAC) saw 0.63 million shares changing hands at last check today with its beta currently measuring 2.02. Company’s recent per share price level of $8.38 trading at -$0.4 or -4.56% at last check today assigns it a market valuation of $1.87B. That most recent trading price of MAC’s stock is at a discount of -173.03% from its 52-week high price of $22.88 and is indicating a discount of -0.48% from its 52-week low price of $8.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.04 million shares which gives us an average trading volume of 2.11 million if we extend that period to 3-months.

The Macerich Company (NYSE:MAC) trade information

Upright in the red during last session for losing -4.56%, in the last five days MAC remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $8.38 price level, adding 8.42% to its value on the day. The Macerich Company’s shares saw a change of -49.19% in year-to-date performance and have moved -5.39% in past 5-day. The Macerich Company (NYSE:MAC) showed a performance of -13.67% in past 30-days. Number of shares sold short was 16.32 million shares which calculate 5.78 days to cover the short interests.

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The Macerich Company (MAC) estimates and forecasts

Statistics highlight that The Macerich Company is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -41.31% of value to its shares in past 6 months, showing an annual growth rate of -3.45% while that of industry is 6.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -106.00% in the current quarter and calculating 150.00% increase in the next quarter. This year revenue growth is estimated to fall -3.40% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $214.09 million for the same. And 2 analysts are in estimates of company making revenue of $235.7 million in the next quarter that will end on Dec 2022. Company posted $212.14 million and $229.4 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 0.90% while estimating it to be 2.70% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -54.10% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 104.30% while estimates for its earnings growth in next 5 years are of 0.21%.

MAC Dividends

The Macerich Company is more likely to be releasing its next quarterly report between November 01 and November 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

The Macerich Company (NYSE:MAC)’s Major holders

Insiders are in possession of 3.89% of company’s total shares while institution are holding 88.04 percent of that, with stock having share float percentage of 91.60%. Investors also watch the number of corporate investors in a company very closely, which is 88.04% institutions for The Macerich Company that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at MAC for having 30.36 million shares of worth $474.87 million. And as of Mar 30, 2022, it was holding 14.15% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 29.57 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 13.78% of outstanding shares, having a total worth of $462.54 million.

On the other hand, Smead Funds Trust-Smead Value Fund and Vanguard Specialized-Real Estate Index Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 12.18 million shares of worth $143.14 million or 5.68% of the total outstanding shares. The later fund manager was in possession of 10.23 million shares on Apr 29, 2022, making its stake of worth around $128.44 million in the company or a holder of 4.77% of company’s stock.

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