With 1.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.52 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $15.98 whereas the lowest price it dropped to was $15.21. The 52-week range on MAC shows that it touched its highest point at $17.69 and its lowest point at $9.14 during that stretch. It currently has a 1-year price target of $15.21. With its current market cap of 3.44 billion, MAC has annualized dividend of $0.68 while the current yield stands at 4.27%. Beta for the stock currently stands at 2.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAC was up-trending over the past week, with a rise of 3.10%, but this was up by 9.63% over a month. Three-month performance surged to 9.03% while six-month performance rose 0.25%. The stock gained 36.00% in the past year, while it has gained 3.31% so far this year. A look at the trailing 12-month EPS for MAC yields -1.00 with Next year EPS estimates of -0.19. For the next quarter, that number is -0.05. This implies an EPS growth rate of 121.58% for this year and -168.20% for next year.
Float and Shares Shorts:
At present, 215.98 million MAC shares are outstanding with a float of 214.03 million shares on hand for trading. On 2024-08-15, short shares totaled 13.07 million, which was 605.0000299999999 higher than short shares on 1721001600. In addition to Mr. Scott W. Kingsmore as the firm’s Senior EVP, CFO & Treasurer, Ms. Ann C. Menard serves as its Senior EVP, Chief Legal Officer & Secretary.
Institutional Ownership:
Through their ownership of 0.95995003 of MAC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, MAC reported revenue of $215521000.0 and operating income of $37363000.0. The EBITDA in the recently reported quarter was $70634000.0 and diluted EPS was $1.16.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
