The Macerich Company (NYSE:MAC) is going up by 2.74% in today’s trading session, a rise equivalent to 0.75% of the stock’s price from yesterday’s market close. A news came out on 10/14/19 stating that Macerich Schedules Third Quarter 2019 Earnings Release And Conference Call by WSJ. The lowest point that the shares touched during the trading session was $27.20, while the peak of the day was recorded at a share price of $27.67. MAC finished the previous session at $27.40 according to the data provided by Barchart, while the trading volume was observed to be $845674.
In the 100 days of trading, MAC managed to top a 31.73% Moving average. Additionally, Macerich Company shares have achieved a 52-week range between 27.11 and 53.61 alongside 100 days raw stochastic set at 12.57%.
The number of shares outstanding, according to the fundamentals of the company, is set at 142.35M, equal to the value of $3.90B in market capitalization. In the last 30 days, Macerich Company shares went down by -13.59%, adding 32.66 to growth in value, on top of a +4.09% boost since 09/20/19.
Macerich Company (NYSE:MAC) Analyst’s Estimates
Macerich Company (MAC) could record at least $0.08 per share in quarterly earnings in the upcoming report on 10/31/2019, a number that would actually represent an increase of 0.38 YOY.
According to the average analyst rating, Macerich Company would be rated as Hold. Out of 18 different analysts monitoring MAC stock, 3 analysts rate the stock as a BUY, 13 suggest to give the rating of HOLD, 0 indicate that MAC is an OVERWEIGHT, 2 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On September 26, 2019, the stock earned a Downgrade rating due to a new analyst call from BMO Capital Markets, while analysts from Wells Fargo believe that the stock is set at Market Perform from Outperform, as concluded on February 08, 2019. Mizuho, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on January 23, 2019.
JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on December 19, 2018, giving the stock a Underweight from the Neutral rating.
MAC Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +25.53% has been attained, while the operating margin has been recorded at +2.65%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 0.97%. Beta value of the stock is recorded at 0.76. Additionally, Macerich Company is recording price volatility of 2.07% for the period of the last seven days and 2.99% in the last 30 days.
Macerich Company (NYSE:MAC) Technical Outlook
For the period of the last 50 days, Macerich Company had its Raw Stochastic average set at 15.81% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 20.00%. Stochastic %K for Macerich Company, with the last 20 days included, was set at 11.13%, having Stochastic %D topping 7.81%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Macerich Company stocks with recording -36.69% in metrics.
Macerich Company Insider Watch:
Similarly, 104.74% of the company’s float is held by institutions – and there are 531 institutions in total holding shares of this company. The top three institutional holders of MAC stocks are: Ontario Teachers’ Pension Plan Board with ownership of $779.86 million, which is approximately 23286237 of the company’s shares; Vanguard Group, Inc. (The), holding 20554457 shares of the stock with an approximate value of $688.37 million; and Cohen & Steers Inc., currently with more than 13228878 shares of the company valued at $443.04 million. Positions in Macerich Company stocks held by institutional investors has been changing actively in the past six months, a period during which there were 27 insider purchases amounting to 199803 shares.