Previous Close | 17.09 |
Open | 17.18 |
Bid | 17.05 x 900 |
Ask | 17.06 x 800 |
Day's Range | 17.05 - 17.30 |
52 Week Range | 9.05 - 17.69 |
Volume | |
Avg. Volume | 2,027,862 |
Market Cap | 3.845B |
Beta (5Y Monthly) | 2.33 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.28 |
Earnings Date | May 02, 2024 - May 06, 2024 |
Forward Dividend & Yield | 0.68 (3.98%) |
Ex-Dividend Date | Feb 15, 2024 |
1y Target Est | 16.32 |
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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.
Healthy retail demand, focus on mixed-use development and capital-recycling moves bode well for Macerich (MAC).