Macerich Company (The)(MAC) is having a Dividend Yield of 4.23% with the Annual cash Dividend per share of $2.75. The last quarter cash dividend per share pay out was $0.71. Macerich Company (The) has a 5 year average dividend yield of 3.66% and the stock has a Indicated annual dividend of $2.84. Macerich Company (The)(MAC) formally announced its most recent dividend on February 10, 2017 with a Dividend per share of $0.71. The new indicated annual dividend based on announced dividend per share is $2.84. The dividend yield based on the forward looking indicated annual dividend is 4.23%. Macerich Company (The)(MAC) has the most recent dividend payout ratio of 0.69 with a 5-year average payout ratio of 0.7. The 5 year historical dividend growth of Macerich Company (The)(MAC) is at the rate of 5.45% while the R-Squared dividend growth is 0.96. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Macerich Company (The) (NYSE:MAC) rose 0.54% or 0.36 points on Thursday and made its way into the gainers of the day. After trading began at $66.62 the stock was seen hitting $67.28 as a peak level and $66.57 as the lowest level. The stock ended up at $66.84. The daily volume was measured at 957,054 shares. The 52-week high of the share price is $94.51 and the 52-week low is $65.79. The company has a market cap of $9,624 million. The Macerich Company has lost 2.31% in the last five trading days and dropped 5.02% in the last 4 weeks. The Macerich Company has dropped 5.3% during the last 3-month period . Year-to-Date the stock performance stands at -5.65%.
Currently the company Insiders own 3.54% of Macerich Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.08% . Institutional Investors own 93.27% of Macerich Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -27.53%. Company has reported several Insider transactions to the SEC, on Jan 19, 2017, Hern Thomas E O (Senior EVP, Treasurer & CFO) sold 5,000 shares at 70.00 per share price.On Jan 4, 2017, Robert D Perlmutter (Senior EVP and COO) sold 1,500 shares at 70.79 per share price.On Sep 23, 2016, Randy L Brant (EVP, Real Estate) sold 24,250 shares at 83.10 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Macerich Co was Reiterated by Stifel on Feb 7, 2017 to Hold, Lowers Price Target to $ 74 from a previous price target of $76 .Macerich Co was Reiterated by Canaccord Genuity on Jan 23, 2017 to Hold, Lowers Price Target to $ 77 from a previous price target of $84 .
Macerich Co Last issued its quarterly earnings results on Feb 6, 2017. The company reported $1.17 EPS for the quarter. Analyst had a consensus estimate of $1.17.Analysts expectations of $ 282.64.During the same quarter in the previous year, the company posted $1.12 EPS.
MACERICH CO. is a self-administered, self-managed real estate investment trust which is engaged in the acquisition, ownership, redevelopment, management and leasing of regional shopping centers located throughout the United States.