Macerich Co. (NYSE:MAC) has a beta value of 2.41 and has seen 1.46 million shares traded in the recent trading session. The company, currently valued at $3.22B, closed the recent trade at $14.93 per share which meant it lost -$1.08 on the day or -6.75% during that session. The MAC stock price is -18.49% off its 52-week high price of $17.69 and 40.39% above the 52-week low of $8.90. The 3-month trading volume is 1.97 million shares.
Macerich Co. (NYSE:MAC) trade information
Sporting -6.75% in the red today, the stock has traded in the red over the last five days, when the MAC stock price touched $14.93 or saw a rise of 7.32%. Year-to-date, Macerich Co. shares have moved -3.24%, while the 5-day performance has seen it change -7.50%. Over the past 30 days, the shares of Macerich Co. (NYSE:MAC) have changed -11.08%.
Macerich Co. (MAC) estimates and forecasts
Figures show that Macerich Co. shares have outperformed across the wider relevant industry. The company’s shares have gained 54.93% over the past 6 months, with this year growth rate of 0.00%, compared to -1.10% for the industry. Revenue growth from the last financial year stood is estimated to be -4.60%.
8 analysts offering their estimates for the company have set an average revenue estimate of $205.11 million for the current quarter. 8 have an estimated revenue figure of $205.53 million for the next quarter concluding in Jun 2024. Year-ago sales stood $214.85 million and $212.37 million respectively for this quarter and the next, and analysts expect sales will shrink by -4.50% for the current quarter and -3.20% for the next.
Earnings growth for 2024 is a modest 89.31% while over the next 5 years, the company’s earnings are expected to increase by 0.21%.
MAC Dividends
Macerich Co. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.68 at a share yield of 4.55%. The company’s dividend yield has gone up over the past 12 months.
