The share price of The Macerich Company (NYSE:MAC) fell to $8.78 per share on Wednesday from $8.79. While The Macerich Company has underperformed by -0.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAC fell by -49.16%, with highs and lows ranging from $22.88 to $8.42, whereas the simple moving average fell by -33.70% in the last 200 days.
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On April 18, 2022, Piper Sandler Downgraded The Macerich Company (NYSE: MAC) to Underweight. A report published by Piper Sandler on November 04, 2021, Upgraded its rating to ‘Neutral’ for MAC. Evercore ISI also Upgraded MAC shares as ‘In-line’, setting a target price of $18 on the company’s shares in a report dated October 19, 2021. Jefferies July 15, 2021d the rating to Hold on July 15, 2021, and set its price target from $10 to $19. Deutsche Bank June 28, 2021d its ‘Hold’ rating to ‘Buy’ for MAC, as published in its report on June 28, 2021. JP Morgan’s report from December 21, 2020 suggests a price prediction of $12 for MAC shares, giving the stock a ‘Underweight’ rating. Citigroup also rated the stock as ‘Sell’.
Analysis of The Macerich Company (MAC)
A return on investment can be expected regardless of MAC’s performance over the next quarter with the dividend set at $0.60 per share. Further, the quarter-over-quarter decrease in sales is -49.70%, showing a negative trend in the upcoming months.
To gain a thorough understanding of The Macerich Company’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 1.20% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MAC is recording an average volume of 2.13M. On a monthly basis, the volatility of the stock is set at 3.42%, whereas on a weekly basis, it is put at 3.38%, with a loss of -5.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.00, showing growth from the present price of $8.78, which can serve as yet another indication of whether MAC is worth investing in or should be passed over.
How Do You Analyze The Macerich Company Shares?
A leading company in the REIT – Retail sector, The Macerich Company (MAC) is based in the USA. When comparing The Macerich Company shares with other companies under Real Estate, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 51.05, there is a growth in quarterly earnings of 80.60%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 88.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in MAC shares?
The recent increase in stakes in MAC appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in MAC has increased by 1.66% in the first quarter. The company now owns 30,313,121 shares of the stock, with a value of $290.1 million, following the purchase of 493,656 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in MAC during the first quarter, upping its stake by 1.62%. During the last quarter, the company picked up 393,668 additional shares for a total stake of worth $235.9 million, bringing number of shares owned by the company to 24,650,411.
During the first quarter, Smead Capital Management, Inc. added a 944,213 position in MAC. SSgA Funds Management, Inc. purchased an additional 43116.0 shares in the last quarter, increasing its holdings by 0.33%, now holding 12.95 million shares worth $123.9 million. At the end of the first quarter, Security Capital Research & Manag decreased its MAC holdings by -26.04% and now holds 6.44 million MAC shares valued at $61.62 million with the lessened -2.27 million shares during the period. MAC shares are owned by institutional investors to the tune of 88.90% at present.