In the last trading session, 1.44 million Macerich Co (NYSE:MAC) shares changed hands as the company’s beta touched 2.12. With the company’s per share price at $14.68 changed hands at -$0.4 or -2.65% during last session, the market valuation stood at $3.86B. MAC’s last price was a discount, traded about -51.7% off its 52-week high of $22.27. The share price had its 52-week low at $12.48, which suggests the last value was 14.99% up since then. When we look at Macerich Co’s average trading volume, we note the 10-day average is 1.87 million shares, with the 3-month average coming to 2.40 million.
Analysts gave the Macerich Co (MAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MAC as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Macerich Co’s EPS for the current quarter is expected to be -0.1.
Macerich Co (NYSE:MAC) trade information
Instantly MAC was in red as seen at the end of in last trading. With action 3.31%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.31%, with the 5-day performance at 3.31% in the green. However, in the 30-day time frame, Macerich Co (NYSE:MAC) is -14.05% down. Looking at the short shares, we see there were 13.89 million shares sold at short interest cover period of 4.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 18.44% from its current market value. According to analyst projections, MAC’s forecast low is 16 with 23 as the target high. To hit the forecast high, the stock’s price needs a -56.68% plunge from its current level, while the stock would need to soar -8.99% for it to hit the projected low.
Macerich Co (MAC) estimates and forecasts
Year-over-year growth is forecast to reach -8.34% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 199.74M. 4 analysts are of the opinion that Macerich Co’s revenue for the current quarter will be 203.17M. The company’s revenue for the corresponding quarters a year ago was 208.78M and 215.52M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.33%. The estimates for the next quarter sales put growth at -5.73%.
The 2025 estimates are for Macerich Co earnings to increase by 90.35%.
MAC Dividends
Macerich Co is expected to release its next quarterly earnings report on 2025-Feb-26. The 4.63% annual yield figure for the share gives it an annual dividend of 0.68. It is important to note, however, that the 4.63% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 7.65 per year.
Macerich Co (NYSE:MAC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.60% of Macerich Co shares while 102.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.12%. There are 102.50% institutions holding the Macerich Co stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 18.445% of the shares, roughly 39.87 million MAC shares worth $615.66 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 15.9318% or 34.44 million shares worth $531.77 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were Smead Funds Trust-Smead Value Fund and iShares Trust-iShares Core S&P Small-Cap ETF . With 16.57 shares estimated at $243.28 million under it, the former controlled 6.56% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Small-Cap ETF held about 6.08% of the shares, roughly 15.37 shares worth around $225.6 million.
