With 2.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.53 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $19.68 whereas the lowest price it dropped to was $18.95. The 52-week range on MAC shows that it touched its highest point at $20.40 and its lowest point at $10.00 during that stretch. It currently has a 1-year price target of $16.55. With its current market cap of 4.51 billion, MAC has annualized dividend of $0.68 while the current yield stands at 3.55%. Beta for the stock currently stands at 2.53.
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 2.85%, but this was up by 4.25% over a month. Three-month performance surged to 27.43% while six-month performance rose 20.15%. The stock gained 89.69% in the past year, while it has gained 24.04% so far this year. A look at the trailing 12-month EPS for MAC yields -0.90 with Next year EPS estimates of -0.22. For the next quarter, that number is 0.04. This implies an EPS growth rate of 131.30% for this year and -154.43% for next year.
Float and Shares Shorts:
At present, 225.53 million MAC shares are outstanding with a float of 223.48 million shares on hand for trading. On 2024-10-31, short shares totaled 12.94 million, which was 573.0 higher than short shares on 1727654400. In addition to Mr. Scott W. Kingsmore as the firm’s Senior EVP, CFO & Treasurer, Mr. Douglas J. Healey serves as its Senior EVP & Head of Leasing.
Institutional Ownership:
Through their ownership of 0.92494005 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 2024-09-30, MAC reported revenue of $220224000.0 and operating income of $37082000.0. The EBITDA in the recently reported quarter was $129614000.0 and diluted EPS was -$0.5.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAC since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MAC analysts setting a high price target of 25.0 and a low target of 13.5, the average target price over the next 12 months is 17.46923. Based on these targets, MAC could surge 30.62% to reach the target high and fall by -29.47% to reach the target low. Reaching the average price target will result in a decline of -8.73% from current levels.
Analysts have provided yearly estimates in a range of $0.42071 being high and $0.37564 being low. For MAC, this leads to a yearly average estimate of $0.40068. The surprise factor in the prior quarter was -$0.09. Based on analyst estimates, the high estimate for the next quarter is -$0.17 and the low estimate is -$0.18. The average estimate for the next quarter is thus -$0.17.
