While Macerich Co. has overperformed by 1.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAC rose by 42.77%, with highs and lows ranging from $17.69 to $8.57, whereas the simple moving average jumped by 28.90% in the last 200 days.
On October 02, 2023, Piper Sandler Upgraded Macerich Co. (NYSE: MAC) to Neutral. Morgan Stanley also rated MAC shares as ‘Underweight’, setting a target price of $8.50 on the company’s shares in an initiating report dated December 16, 2022. Piper Sandler April 18, 2022d the rating to Underweight on April 18, 2022, and set its price target from $18 to $14. Piper Sandler November 04, 2021d its ‘Underweight’ rating to ‘Neutral’ for MAC, as published in its report on November 04, 2021. Evercore ISI’s report from October 19, 2021 suggests a price prediction of $18 for MAC shares, giving the stock a ‘In-line’ rating. Jefferies also rated the stock as ‘Hold’.
Analysis of Macerich Co. (MAC)
The current dividend for MAC investors is set at $0.44 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 3.80%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Macerich Co.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -10.35% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and MAC is recording an average volume of 2.25M. On a monthly basis, the volatility of the stock is set at 3.32%, whereas on a weekly basis, it is put at 2.91%, with a loss of -0.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.71, showing decline from the present price of $16.26, which can serve as yet another indication of whether MAC is worth investing in or should be passed over.
How Do You Analyze Macerich Co. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.78%. 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 88.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MAC shares are owned by institutional investors to the tune of 88.49% at present.
