Macerich Co (MAC): Hern Thomas E O , Senior EVP, Treasurer & CFO of Macerich Co sold 5,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $74.71 per share for a total value of $373,550.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Robert D Perlmutter (Senior EVP and COO) sold 1,500 shares at $77.13 per share price.On Apr 15, 2016, Hern Thomas E O (Senior EVP, Treasurer & CFO) sold 5,000 shares at $78.85 per share price.Also, On Mar 9, 2016, Thomas J. Leanse (Senior EVP, CLO & Secretary) sold 17,166 shares at $78.84 per share price.On Mar 2, 2016, Randy L Brant (EVP, Real Estate) sold 1,700 shares at $79.63 per share price.
Macerich Co: On Monday, May 16, 2016 heightened volatility was witnessed in Macerich Co which led to swings in the share price. The shares opened for trading at $74.71 and hit $76.23 on the upside , eventually ending the session at $75.8, with a gain of 1.20% or 0.9 points. The heightened volatility saw the trading volume jump to 13,37,040 shares. The 52-week high of the share price is $86.29 and the company has a market cap of $11,256 M . The 52-week low of the share price is at $71.98.
Company has been under the radar of several Street Analysts.Macerich Co is Upgraded by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 87 from a previous price target of $82 .Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on May 6, 2016.Macerich Co is Initiated by Mizuho to Neutral and the brokerage firm has set the Price Target at $88. The Rating was issued on Apr 14, 2016.Macerich Co is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 28, 2016.
The Macerich Company is a self-managed and self-administered real estate investment trust (REIT). The Company is engaged in the acquisition ownership development redevelopment management and leasing of regional and community/power shopping centers located throughout the United States. The Company through its partnership and ownership interests in the Macerich Partnership L.P. has an ownership interest in 51 regional shopping centers and eight community/power shopping centers. These 59 regional and community/power shopping centers (which include any related office space) consist of approximately 55 million square feet of gross leasable area (GLA). The Centers primarily included 194 Anchors totaling approximately 28 million square feet of GLA and approximately 6000 Mall Stores and Freestanding Stores totaling approximately 26 million square feet of GLA.