The Macerich Company [MAC] Stock trading around $7.63 per share: What’s Next?

The Macerich Company [NYSE: MAC] closed the trading session at $7.63 on 07/31/20. The day’s price range saw the stock hit a low of $7.62, while the highest price level was $8.16. The company report on July 24, 2020 that Macerich Declares The Quarterly Dividend On Its Common Shares.

The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common stock. The dividend is payable on September 8, 2020 to stockholders of record at the close of business on August 19, 2020. “The Board’s decision to reduce the dividend allows us to preserve liquidity and financial flexibility in the continued uncertain economic environment resulting from the COVID-19 pandemic. The Board will continue to re-evaluate the Company’s prospective dividend policy each quarter,” said Thomas O’Hern, Chief Executive Officer.

Macerich, is a fully integrated self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

The stocks have a year to date performance of -70.09 percent and weekly performance of -4.03 percent. The stock has been moved at -63.91 percent over the last six months. The stock has performed -12.30 percent around the most recent 30 days and changed 11.55 percent over the most recent 3-months.

If compared to the average trading volume of 7.04M shares, MAC reached to a volume of 6588686 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Macerich Company [MAC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAC shares is $10.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAC stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for The Macerich Company shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 01, 2020. The new note on the price target was released on June 15, 2020, representing the official price target for The Macerich Company stock. Previously, the target price had yet another raise to $9, while Compass Point analysts kept a Neutral rating on MAC stock.

The Average True Range (ATR) for The Macerich Company is set at 0.54, with the Price to Sales ratio for MAC stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 0.45, with the Price to Cash per share for the same quarter was set at 3.82.

MAC stock trade performance evaluation

The Macerich Company [MAC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.03. With this latest performance, MAC shares dropped by -12.30% in over the last four-week period, additionally sinking by -63.91% over the last 6 months – not to mention a drop of -75.04% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAC stock in for the last two-week period is set at 43.21, with the RSI for the last a single of trading hit 38.31, and the three-weeks RSI is set at 44.55 for The Macerich Company [MAC]. The present Moving Average for the last 50 days of trading for this stock 8.62, while it was recorded at 8.09 for the last single week of trading, and 15.96 for the last 200 days.

The Macerich Company [MAC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Macerich Company [MAC] shares currently have an operating margin of +8.90 and a Gross Margin at +24.92. The Macerich Company’s Net Margin is presently recorded at +11.67.

Return on Total Capital for MAC is now 0.97, given the latest momentum, and Return on Invested Capital for the company is 1.43. Return on Equity for this stock inclined to 3.85, with Return on Assets sitting at 1.20. When it comes to the capital structure of this company, The Macerich Company [MAC] has a Total Debt to Total Equity ratio set at 212.67. Additionally, MAC Total Debt to Total Capital is recorded at 68.02, with Total Debt to Total Assets ending up at 63.23. Long-Term Debt to Equity for the company is recorded at 185.05, with the Long-Term Debt to Total Capital now at 59.18.

Reflecting on the efficiency of the workforce at the company, The Macerich Company [MAC] managed to generate an average of $145,915 per employee. Receivables Turnover for the company is 6.66 with a Total Asset Turnover recorded at a value of 0.10.

Earnings per share (EPS) analysis for The Macerich Company [MAC] stock

With the latest financial reports released by the company, The Macerich Company posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 42.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Macerich Company go to 0.21%.

The Macerich Company [MAC]: Insider Ownership positions

There are presently around $995 million, in the hands of institutional investors. The top three institutional holders of MAC stocks are: ONTARIO TEACHERS PENSION PLAN BOARD with ownership of 23,286,237, which is approximately 0% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 19,375,667 shares of the stock with an approximate value of $147.84 million in MAC stocks shares; and BLACKROCK INC., currently with $105.84 million in MAC stock with ownership of nearly -0.011% of the company’s market capitalization.

Positions in The Macerich Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 174 institutional holders increased their position in The Macerich Company [NYSE:MAC] by around 14,701,260 shares. Additionally, 163 investors decreased positions by around 35,918,926 shares, while 19 investors held positions by with 79,766,223 shares. The mentioned changes placed institutional holdings at 130,386,409 shares, according to the latest SEC report filing. MAC stock had 43 new institutional investments in for a total of 4,509,468 shares, while 76 institutional investors sold positions of 5,755,276 shares during the same period.

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