Previous close | 15.17 |
Open | 15.16 |
Bid | 0.00 x 900 |
Ask | 0.00 x 800 |
Day's range | 15.15 - 15.48 |
52-week range | 9.05 - 17.69 |
Volume | |
Avg. volume | 2,033,188 |
Market cap | 3.437B |
Beta (5Y monthly) | 2.36 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.68 (4.48%) |
Ex-dividend date | 15 Feb 2024 |
1y target est | N/A |
A portfolio of premium shopping centers, a focus on omnichannel retailing and developing mixed-use assets are likely to support Macerich (MAC) despite higher e-commerce adoption and high interest rates.
The Federal Reserve's reassertion this week that despite recent gains in the consumer price index (CPI) and producer price index (PPI), it still envisions three rate cuts coming in 2024, sparking a rally in real estate investment trusts (REITs). On March 22, three analysts from Citigroup kept that enthusiasm going by upgrading a half dozen REITs and raising price targets on all six. Take a look at the REITs receiving upgrades this week, along with some positives that each REIT has going for it.
On March 20, 2024, Director O HERN THOMAS E executed a significant stock sale of Macerich Co (NYSE:MAC), offloading 95,000 shares of the company.