Macerich Co. (NYSE: MAC) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Macerich Co. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Retail industry. The current market capitalization of Macerich Co. is $3.87B. A total of 1.46 million shares were traded on the day, compared to an average of 1.60M shares.

In the most recent transaction, Volk Kenneth bought 5,000 shares of MAC for 15.40 per share on May 10 ’24. After the transaction, the EVP, Business Development now owns 51,924 company shares. In a previous transaction on May 09 ’24, Kingsmore Scott W bought 6,000 shares at 16.06 per share. MAC shares that Chief Financial Officer owns now total 42,310.

Among the insiders who bought shares, Menard Ann C acquired of 4,865 shares on May 08 ’24 at a per-share price of $15.40. This resulted in the Chief Legal Officer/Secretary holding 20,633 shares of MAC after the transaction. In another insider transaction, Healey Doug J bought 7,500 shares at $15.20 per share on May 07 ’24. Company shares held by the Senior EVP, Head of Leasing now total 78,487.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. MAC’s most recent ex-dividend date was 8/19/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 9/9/2024. Previously, the company paid the dividend on 6/3/2024 with an ex-dividend date of 5/17/2024. The MAC stock dividend was $0.17 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, MAC has a high of $18.33 and a low of $9.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MAC’s latest balance sheet shows that the firm has $112.45M in Cash & Short Term Investments as of fiscal 2021. There were $4.61B in debt and $441.44M in liabilities at the time. Its Book Value Per Share was $11.58, while its Total Shareholder’s Equity was $3.18B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MAC is Buy with a score of 2.23.

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