Stock News in Focus:Macerich Company (NYSE: MAC)

Macerich Company (NYSE: MAC) identified change of 4.95% away from 52-week low price and recently located move of -45.71% off 52-week high price. It has market worth of $4773.56M and dividend yield of 9.07%. MAC stock has been recorded -7.06% away from 50 day moving average and -23.37% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.16% off 20-day moving average.

On July 25, 2019, The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.75 per share of common stock.  The dividend is payable on September 6, 2019 to stockholders of record at the close of business on August 19, 2019.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor.  A recognized leader in sustainability, Macerich has earned NAREIT’s prestigious Leader in the Light award every year from 2014-2018. For the fourth straight year in 2018.

 The Financial sector company, Macerich Company noticed change of -0.75% to $33.09 along volume of 1294393 shares in recent session compared to an average volume of 1620.03K. The stock observed return of 0.42% in 5 days trading activity.The stock was at 1.10% over one month performance. MAC’s shares are at -18.48% for the quarter and driving a -42.16% return over the course of the past year and is now at -23.54% since this point in 2018. 

 The average volatility for the week at 2.97% and for month was at 2.73%. There are 144.26M shares outstanding and 140.63M shares are floated in market.Right now the stock beta is 0.73. 

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