NYSE:MAC - Macerich Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$58.41 -0.31 (-0.53 %)
(As of 08/21/2018 11:37 AM ET)
Previous Close$58.74
Today's Range$58.24 - $58.93
52-Week Range$52.12 - $69.73
Volume18,148 shs
Average Volume999,768 shs
Market Capitalization$8.16 billion
P/E Ratio14.98
Dividend Yield5.12%
Beta0.86
Macerich logoMacerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago, and the New York Metro area to Washington DC corridor. A recognized leader in sustainability, Macerich has earned NAREIT's prestigious "Leader in the Light" award every year from 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.

Receive MAC News and Ratings via Email

Sign-up to receive the latest news and ratings for MAC and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:MAC
CUSIP55438210
Phone310-394-6000

Debt

Debt-to-Equity Ratio1.50
Current Ratio0.91
Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio14.98
Forward P/E Ratio15.09
P/E Growth2.35

Sales & Book Value

Annual Sales$993.66 million
Price / Sales8.29
Cash Flow$3.7929 per share
Price / Cash15.40
Book Value$28.19 per share
Price / Book2.07

Profitability

EPS (Most Recent Fiscal Year)$3.93
Net Income$146.13 million
Net Margins2.52%
Return on Equity1.58%
Return on Assets0.62%

Miscellaneous

Employees855
Outstanding Shares141,050,000
Market Cap$8.16 billion

Macerich (NYSE:MAC) Frequently Asked Questions

What is Macerich's stock symbol?

Macerich trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAC."

How often does Macerich pay dividends? What is the dividend yield for Macerich?

Macerich declared a quarterly dividend on Thursday, July 26th. Investors of record on Friday, August 17th will be given a dividend of $0.74 per share on Friday, September 7th. This represents a $2.96 annualized dividend and a yield of 5.07%. The ex-dividend date is Thursday, August 16th. View Macerich's Dividend History.

How will Macerich's stock buyback program work?

Macerich declared that its Board of Directors has approved a stock repurchase plan on Friday, April 7th 2017, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) issued its earnings results on Wednesday, August, 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks' consensus estimate of $0.96 by $0.91. The real estate investment trust earned $234.50 million during the quarter, compared to the consensus estimate of $216.37 million. Macerich had a net margin of 2.52% and a return on equity of 1.58%. Macerich's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. View Macerich's Earnings History.

When is Macerich's next earnings date?

Macerich is scheduled to release their next quarterly earnings announcement on Monday, October, 29th 2018. View Earnings Estimates for Macerich.

What guidance has Macerich issued on next quarter's earnings?

Macerich updated its FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share guidance of $3.82-3.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.96.

What price target have analysts set for MAC?

18 Wall Street analysts have issued 12-month price targets for Macerich's stock. Their predictions range from $57.00 to $75.00. On average, they anticipate Macerich's stock price to reach $64.4722 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Macerich.

What is the consensus analysts' recommendation for Macerich?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 1 sell rating, 11 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macerich.

What are Wall Street analysts saying about Macerich stock?

Here are some recent quotes from research analysts about Macerich stock:
  • 1. According to Zacks Investment Research, "Shares of Macerich have underperformed the industry it belongs to over the past three months. Moreover, the trend in 2019 funds from operations (FFO) per share estimate revisions does not indicate a favorable outlook for the company. Notably, Macerich is making concerted efforts to enhance its asset quality and customer relationships. Its increasing adoption of the omni-channel model in retailing is aimed at improving shopping experience and driving sales volume at tenant stores. However, despite the company resorting to different strategies, mall traffic continues to remain considerably depressed with consumers increasingly opting for online purchases. This has led to a rising number of retailers joining the dot-com bandwagon. Also, store closures and bankruptcy of retailers are expected to adversely affect the company’s performance in the near term. Further, hike in interest rates remains a concern for the company." (7/30/2018)
  • 2. Boenning Scattergood analysts commented, "We reiterate our Outperform rating and price target of $75 per share, a discount to our estimated NAV of approximately $84." (2/7/2018)

Who are some of Macerich's key competitors?

Who are Macerich's key executives?

Macerich's management team includes the folowing people:
  • Mr. Arthur M. Coppola CPA, Chief Exec. Officer (Age 66)
  • Mr. Edward C. Coppola, Pres & Director (Age 63)
  • Mr. Thomas E. O'Hern CPA, Sr. EVP, CFO, Treasurer & Director (Age 62)
  • Ms. Jean Wood, VP of Investor Relations
  • Ms. Ann C. Menard, Exec. VP, Chief Legal Officer & Sec. (Age 55)

Has Macerich been receiving favorable news coverage?

News articles about MAC stock have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macerich earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 46.38 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Macerich.

Who are Macerich's major shareholders?

Macerich's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.39%), Morgan Stanley (3.10%), Bank of America Corp DE (3.02%), FMR LLC (2.97%), Cbre Clarion Securities LLC (2.76%) and Dimensional Fund Advisors LP (1.43%). Company insiders that own Macerich stock include Arthur M Coppola, Dana K Anderson, Hern Thomas E O, Randy L Brant and Robert D Perlmutter. View Institutional Ownership Trends for Macerich.

Which institutional investors are selling Macerich stock?

MAC stock was sold by a variety of institutional investors in the last quarter, including V3 Capital Management L.P., Morgan Stanley, Starboard Value LP, Russell Investments Group Ltd., Land & Buildings Investment Management LLC, FMR LLC, Legal & General Group Plc and Korea Investment CORP. View Insider Buying and Selling for Macerich.

Which institutional investors are buying Macerich stock?

MAC stock was acquired by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Centersquare Investment Management LLC, Millennium Management LLC, Crabel Capital Management LLC, BlackRock Inc., Renaissance Technologies LLC, Third Avenue Management LLC and Heitman Real Estate Securities LLC. View Insider Buying and Selling for Macerich.

How do I buy shares of Macerich?

Shares of MAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Macerich's stock price today?

One share of MAC stock can currently be purchased for approximately $58.42.

How big of a company is Macerich?

Macerich has a market capitalization of $8.16 billion and generates $993.66 million in revenue each year. The real estate investment trust earns $146.13 million in net income (profit) each year or $3.93 on an earnings per share basis. Macerich employs 855 workers across the globe.

How can I contact Macerich?

Macerich's mailing address is 401 WILSHIRE BLVD STE 700, SANTA MONICA CA, 90401. The real estate investment trust can be reached via phone at 310-394-6000.


MarketBeat Community Rating for Macerich (NYSE MAC)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  380 (Vote Outperform)
Underperform Votes:  586 (Vote Underperform)
Total Votes:  966
MarketBeat's community ratings are surveys of what our community members think about Macerich and other stocks. Vote "Outperform" if you believe MAC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MAC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/21/2018 by MarketBeat.com Staff

Featured Article: What does RSI mean?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel