A Director at Macerich (NYSE: MAC) is Buying Shares

By Carrie Williams

Yesterday, a Director at Macerich (MACResearch Report), Andrea Stephen, bought shares of MAC for $700.3K.

Following this transaction Andrea Stephen’s holding in the company was increased by 303.95% to a total of $1.27 million. In addition to Andrea Stephen, 2 other MAC executives reported Buy trades in the last month.

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MAC’s market cap is $4.91B and the company has a P/E ratio of 50.09. Currently, Macerich has an average volume of 1.36M.

The insider sentiment on Macerich has been positive according to 33 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. It conducts all of its operations through the operating partnership and the management companies.