Macerich Co (MAC): Robert D Perlmutter , Senior EVP and COO of Macerich Co sold 1,500 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $85.49 per share for a total value of $128,239.65 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Hern Thomas E O (Senior EVP, Treasurer & CFO) sold 5,000 shares at $79.03 per share price.On Jun 2, 2016, Robert D Perlmutter (Senior EVP and COO) sold 1,500 shares at $76.44 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.
Shares of Macerich Co (MAC) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.16% at $85.25 with 7,35,132 shares getting traded. Post opening the session at $85.51, the shares hit an intraday low of $85.13 and an intraday high of $86.07 and the price vacillated in this range throughout the day. The company has a market cap of $12,659 M and the number of outstanding shares has been calculated to be 14,84,92,670 shares. The 52-week high of Macerich Co is $86.29 and the 52-week low is $71.82.
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.
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.