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Macerich (NYSE:MAC) CFO Hern Thomas E. O unloaded 5,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $66.30, for a total value of $331,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,267 shares of the company’s stock, valued at approximately $4,062,002. The transaction was disclosed in a filing with the SEC, which is available at this link.

MAC has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Macerich from $74.00 to $76.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Macerich in a research note on Wednesday, August 6th. They now have a $72.00 price target on the stock, down previously from $73.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Macerich in a research note on Tuesday, August 5th. They now have a $70.00 price target on the stock, down previously from $73.00. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.90.

Macerich (NYSE:MAC) traded down 0.43% during mid-day trading on Friday, hitting $65.46. The stock had a trading volume of 805,873 shares. Macerich has a 1-year low of $55.13 and a 1-year high of $68.81. The stock’s 50-day moving average is $66.53 and its 200-day moving average is $63.83. The company has a market cap of $9.211 billion and a P/E ratio of 42.74.

Macerich (NYSE:MAC) last announced its earnings results on Wednesday, July 23rd. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.02. The company had revenue of $254.33 million for the quarter, compared to the consensus estimate of $149.60 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that Macerich will post $3.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Monday, August 18th.

The Macerich Company is a fully integrated self-managed and self-administered real estate investment trust.

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