The Macerich Company Profile (NYSE:MAC)

About The Macerich

The Macerich logoThe Macerich 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. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. It specializes in retail properties in many of the country's populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: MAC
  • CUSIP: 55438210
Key Metrics:
  • Previous Close: $80.50
  • 50 Day Moving Average: $82.13
  • 200 Day Moving Average: $81.21
  • 52-Week Range: $71.82 - $94.51
  • Trailing P/E Ratio: 13.52
  • Foreward P/E Ratio: 18.25
  • P/E Growth: 2.95
  • Market Cap: $11.56B
  • Outstanding Shares: 143,625,000
  • Beta: 0.98
Profitability:
  • Net Margins: 78.65%
  • Return on Equity: 17.91%
  • Return on Assets: 8.19%
Debt:
  • Debt-to-Equity Ratio: 1.07%
  • Current Ratio: 0.70%
  • Quick Ratio: 0.70%
Additional Links:
Companies Related to The Macerich:

Analyst Ratings

Consensus Ratings for The Macerich (NYSE:MAC) (?)
Ratings Breakdown: 1 Sell Rating, 10 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.08)
Consensus Price Target: $87.79 (9.05% upside)

Analysts' Ratings History for The Macerich (NYSE:MAC)
Show:
DateFirmActionRatingPrice TargetDetails
8/31/2016Jefferies GroupBoost Price TargetHold$86.00 -> $88.00View Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$97.00View Rating Details
8/16/2016Canaccord GenuityBoost Price TargetHold$80.00 -> $84.00View Rating Details
8/5/2016JPMorgan Chase & Co.Boost Price TargetNeutral$83.00 -> $87.00View Rating Details
8/2/2016Credit Suisse Group AGReiterated RatingSell$78.00View Rating Details
7/18/2016Deutsche Bank AGBoost Price TargetHold$83.00 -> $84.00View Rating Details
5/6/2016Royal Bank Of CanadaUpgradeSector Perform -> Outperform$82.00 -> $87.00View Rating Details
4/13/2016MizuhoInitiated CoverageNeutral$88.00View Rating Details
4/6/2016Boenning ScattergoodDowngradeOutperform -> NeutralView Rating Details
3/28/2016Bank of America Corp.DowngradeBuy -> NeutralView Rating Details
3/21/2016Evercore ISIBoost Price Target$81.00View Rating Details
1/14/2016SunTrust Banks Inc.Boost Price TargetNeutral$80.00 -> $83.00View Rating Details
10/20/2015Barclays PLCBoost Price TargetEqual Weight$84.00 -> $88.00View Rating Details
10/14/2015Cowen and CompanyBoost Price Target$85.50 -> $102.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$84.00 -> $81.00View Rating Details
5/11/2015Citigroup Inc.Boost Price TargetNeutral$78.00 -> $82.00View Rating Details
4/17/2015Morgan StanleyReiterated RatingEqual -> Equal Weight$79.00View Rating Details
4/13/2015Goldman Sachs Group Inc.Initiated CoverageNeutral$82.00View Rating Details
2/5/2015MLV & Co.Reiterated RatingHold$80.00View Rating Details
11/24/2014Sandler O'NeillDowngradeBuy -> Hold$77.00 -> $82.00View Rating Details
11/21/2014KeyCorpDowngradeBuy -> HoldView Rating Details
11/20/2014BMO Capital MarketsDowngradeOutperform -> Market Perform$74.00 -> $76.00View Rating Details
(Data available from 9/30/2014 forward)

Earnings

Earnings History for The Macerich (NYSE:MAC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/28/2016ListenView Earnings Details
8/1/2016Q216$0.98$1.02$252.32 million$259.90 millionViewListenView Earnings Details
5/3/2016Q116$0.86$0.87$288.89 million$256.00 millionViewListenView Earnings Details
2/3/2016Q415$1.07$1.12$336.22 million$320.80 millionViewListenView Earnings Details
10/27/2015Q315$0.98$1.01$324.77 million$326.30 millionViewListenView Earnings Details
7/23/2015Q215$0.93$0.97$315.11 million$322.80 millionViewListenView Earnings Details
4/29/2015Q115$0.83$0.79$299.94 million$318.34 millionViewListenView Earnings Details
2/4/2015Q414$0.39$0.99$162.39 million$322.90 millionViewListenView Earnings Details
10/28/2014Q314$0.89$0.88$150.80 million$150.40 millionViewListenView Earnings Details
7/23/2014Q214$0.84$0.86$149.60 million$254.33 millionViewListenView Earnings Details
4/29/2014Q114$0.85$0.81$149.37 million$264.50 millionViewListenView Earnings Details
2/5/2014Q413$0.92$0.94$289.50 millionViewListenView Earnings Details
10/29/2013Q313$0.83$0.86$241.21 million$269.10 millionViewListenView Earnings Details
8/6/2013Q213$0.81$0.87$282.21 million$262.90 millionViewListenView Earnings Details
2/6/2013Q412$0.87$0.90$218.47 million$251.20 millionViewListenView Earnings Details
10/31/2012$0.75$0.78ViewN/AView Earnings Details
8/1/2012$0.73$0.74ViewN/AView Earnings Details
5/2/2012$0.71$0.76ViewN/AView Earnings Details
2/3/2012$0.87$0.87ViewN/AView Earnings Details
11/1/2011$0.74$0.75ViewN/AView Earnings Details
7/28/2011$0.72$0.72ViewN/AView Earnings Details
5/5/2011$0.58$0.52ViewN/AView Earnings Details
2/8/2011$0.78$0.77ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for The Macerich (NYSE:MAC)
Current Year EPS Consensus Estimate: $4.1 EPS
Next Year EPS Consensus Estimate: $4.41 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.83$0.88$0.86
Q2 20164$0.95$1.00$0.98
Q3 20164$1.02$1.05$1.03
Q4 20164$1.17$1.25$1.21
Q1 20171$1.03$1.03$1.03
Q2 20171$1.06$1.06$1.06
Q3 20171$1.07$1.07$1.07
Q4 20171$1.24$1.24$1.24
Q1 20181$1.09$1.09$1.09
Q2 20181$1.12$1.12$1.12
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for The Macerich (NYSE:MAC)
Annual Dividend:$2.72
Dividend Yield:3.38%
Dividend Growth:5.70% (3 Year Average)
Payout Ratio:45.87% (Based on Trailing 12 Months of Earnings)
66.34% (Based on Current Year Consensus EPS Estimate)
61.68% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for The Macerich (NYSE:MAC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/22/2016quarterly$0.683.06%8/17/20168/19/20169/8/2016
4/26/2016quarterly$0.683.52%5/3/20165/5/20166/3/2016
1/29/2016quarterly$0.683.46%2/17/20162/19/20163/4/2016
11/3/2015special$2.003.19%11/9/201511/12/20151/6/2016
11/2/2015special$2.003.19%11/9/201511/12/201512/8/2015
10/23/2015quarterly$0.683.23%11/9/201511/12/201512/4/2015
7/24/2015quarterly$0.653.34%8/18/20158/20/20159/8/2015
4/24/2015quarterly$0.653.12%5/6/20155/8/20156/5/2015
2/2/2015quarterly$0.652.99%2/18/20152/20/20153/6/2015
10/23/2014quarterly$0.653.81%11/7/201411/12/201412/5/2014
7/24/2014quarterly$0.623.71%8/18/20148/20/20149/5/2014
4/25/2014quarterly$0.623.84%5/7/20145/9/20146/6/2014
1/30/2014quarterly$0.624.38%2/19/20142/21/20143/7/2014
10/24/2013quarterly$0.624.15%11/7/201311/12/201312/6/2013
8/7/2013quarterly$0.583.76%8/16/20138/20/20139/6/2013
4/26/2013quarterly$0.583.34%5/8/20135/10/20136/7/2013
2/4/2013quarterly$0.583.84%2/20/20132/22/20132/28/2013
2/1/2013quarterly$0.582/22/20133/8/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for The Macerich (NYSE:MAC)
Insider Ownership Percentage: 3.54%
Institutional Ownership Percentage: 94.66%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/23/2016Randy L. BrantEVPSell24,250$83.10$2,015,175.00View SEC Filing  
9/1/2016Robert D PerlmutterEVPSell1,500$81.52$122,280.00View SEC Filing  
8/1/2016Robert D PerlmutterEVPSell1,500$89.79$134,685.00View SEC Filing  
7/1/2016Robert D PerlmutterCOOSell1,500$85.49$128,235.00View SEC Filing  
6/15/2016Hern Thomas E OCFOSell5,000$79.03$395,150.00View SEC Filing  
6/1/2016Robert D PerlmutterCOOSell1,500$76.44$114,660.00View SEC Filing  
5/16/2016Hern Thomas E OCFOSell5,000$74.71$373,550.00View SEC Filing  
5/2/2016Robert D PerlmutterCOOSell1,500$77.13$115,695.00View SEC Filing  
4/15/2016Hern Thomas E OCFOSell5,000$78.85$394,250.00View SEC Filing  
4/1/2016Robert D PerlmutterCOOSell1,500$79.53$119,295.00View SEC Filing  
3/15/2016Hern Thomas E OCFOSell5,000$79.42$397,100.00View SEC Filing  
3/8/2016Thomas J LeanseEVPSell17,166$78.95$1,355,255.70View SEC Filing  
3/1/2016Robert D PerlmutterCOOSell1,500$79.97$119,955.00View SEC Filing  
2/29/2016Randy L. BrantEVPSell1,700$79.63$135,371.00View SEC Filing  
2/22/2016Thomas J LeanseEVPSell7,500$78.89$591,675.00View SEC Filing  
2/16/2016Hern Thomas E. OCFOSell5,000$75.66$378,300.00View SEC Filing  
1/15/2016Hern Thomas E. OCFOSell5,000$75.55$377,750.00View SEC Filing  
5/19/2015Teachers Pension Plan OntarioDirectorBuy1,186,000$83.22$98,698,920.00View SEC Filing  
5/15/2015Teachers Pension Plan OntarioDirectorBuy1,455,785$82.88$120,655,460.80View SEC Filing  
5/12/2015Teachers Pension Plan OntarioDirectorBuy358,215$81.63$29,241,090.45View SEC Filing  
5/7/2015Teachers Pension Plan OntarioDirectorBuy3,117,710$81.56$254,280,427.60View SEC Filing  
2/12/2015Eric V SaloEVPSell10,515$87.00$914,805.00View SEC Filing  
2/11/2015Randy L BrantEVPSell15,314$87.60$1,341,506.40View SEC Filing  
2/10/2015Hern Thomas E OCFOSell20,885$87.30$1,823,260.50View SEC Filing  
2/10/2015Thomas J LeanseEVPSell27,500$87.46$2,405,150.00View SEC Filing  
12/31/2014Minerals Plc EcrInsiderSell150,000$0.02$2,250.00
9/15/2014Hern Thomas E OCFOSell5,000$64.09$320,450.00View SEC Filing  
9/3/2014Randy L BrantEVPSell3,100$65.80$203,980.00View SEC Filing  
8/14/2014Hern Thomas E OCFOSell5,000$66.30$331,500.00View SEC Filing  
7/15/2014Hern Thomas E OCFOSell5,000$67.74$338,700.00View SEC Filing  
6/13/2014Hern Thomas E OCFOSell5,000$64.58$322,900.00View SEC Filing  
5/14/2014Eric SaloEVPSell17,391$65.39$1,137,197.49View SEC Filing  
5/14/2014Hern Thomas OCFOSell5,000$65.03$325,150.00View SEC Filing  
4/15/2014Hern Thomas OCFOSell5,000$63.56$317,800.00View SEC Filing  
3/19/2014Randy BrantEVPSell10,345$60.93$630,320.85View SEC Filing  
3/7/2014Thomas LeanseEVPSell2,100$60.33$126,693.00View SEC Filing  
3/6/2014Randy BrantEVPSell18,000$61.03$1,098,540.00View SEC Filing  
11/4/2013Hern Thomas E OCFOSell15,000$60.00$900,000.00View SEC Filing  
9/20/2013Diana LaingDirectorSell1,695$58.20$98,649.00View SEC Filing  
8/15/2013Robert PerlmutterEVPBuy1,000$58.54$58,540.00View SEC Filing  
8/13/2013Fred HubbellDirectorBuy1,500$60.39$90,585.00View SEC Filing  
7/30/2013Hern Thomas E OCFOSell5,000$63.74$318,700.00View SEC Filing  
6/28/2013Hern Thomas E OCFOSell5,000$60.79$303,950.00View SEC Filing  
5/30/2013Hern Thomas E OCFOSell5,000$66.07$330,350.00View SEC Filing  
5/24/2013Thomas J LeanseEVPBuy1,000$66.46$66,460.00View SEC Filing  
11/8/2012Robert D PerlmutterEVPBuy1,000$56.68$56,680.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for The Macerich (NYSE:MAC)
DateHeadline
bizjournals.com logoB8ta to test tech showroom in Santa Monica (NYSE:MAC)
www.bizjournals.com - September 28 at 5:50 PM
News IconLooking for Picture of "No Gun" sign at Cascade Mall in Burlington Washington (NYSE:MAC)
www.freerepublic.com - September 27 at 10:37 AM
fidaily.com logoMacerich Company (The) Common S (NYSE:MAC) Trading Up – Insiders Are Selling (NYSE:MAC)
www.fidaily.com - September 24 at 5:32 PM
streetinsider.com logoForm 4 MACERICH CO For: Sep 23 Filed by: Brant Randy L (NYSE:MAC)
www.streetinsider.com - September 24 at 5:32 PM
streetinsider.com logoForm 4 MACERICH CO For: Sep 23 Filed by: Brant Randy L - StreetInsider.com (NYSE:MAC)
www.streetinsider.com - September 24 at 10:28 AM
News IconHow Analysts Rated Macerich Co (NYSE:MAC) Last Week? - Post News (NYSE:MAC)
www.kentuckypostnews.com - September 21 at 10:08 AM
capitalcube.com logoMacroAsia Corp.: Price momentum supported by strong fundamentals (NYSE:MAC)
www.capitalcube.com - September 21 at 10:08 AM
finance.yahoo.com logoWhy investor is selling calls in Macerich (NYSE:MAC)
finance.yahoo.com - September 21 at 10:08 AM
News IconNovember 18th Options Now Available For Macerich (MAC) (NYSE:MAC)
www.stockoptionschannel.com - September 19 at 6:01 PM
News IconHigh Market Cap Stock of the Day – The Macerich Company (NYSE:MAC) (NYSE:MAC)
twincountynews.com - September 19 at 6:01 PM
streetinsider.com logoForm 4 MACERICH CO For: Sep 15 Filed by: Brant Randy L - StreetInsider.com (NYSE:MAC)
www.streetinsider.com - September 18 at 10:26 AM
streetinsider.com logoForm 4 MACERICH CO For: Sep 15 Filed by: Brant Randy L (NYSE:MAC)
www.streetinsider.com - September 17 at 10:32 AM
News IconAramark's departure will deal a glancing blow to Market East (NYSE:MAC)
www.philly.com - September 14 at 6:07 PM
finance.yahoo.com logoMacerich Schedules Third Quarter 2016 Earnings Release And Conference Call (NYSE:MAC)
finance.yahoo.com - September 14 at 6:07 PM
finance.yahoo.com logoMacerich Earns #1 Ranking In North American Retail Sector In 2016 From Global Real Estate Sustainability Benchmark (GRESB) (NYSE:MAC)
finance.yahoo.com - September 12 at 10:43 AM
News Icon2 Sizzling Hot Financial Stocks: Omega Healthcare Investors Inc. (OHI), The Macerich Company (MAC) (NYSE:MAC)
www.nationaldailypress.com - September 9 at 10:45 AM
seekingalpha.com logoCould Macerich Management Be Right About 'Fortress Malls ... - Seeking Alpha (NYSE:MAC)
seekingalpha.com - September 7 at 9:35 AM
seekingalpha.com logoCould Macerich Management Be Right About 'Fortress Malls'? (NYSE:MAC)
seekingalpha.com - September 6 at 6:03 PM
News IconThe Macerich Co. (MAC) EVP Robert D. Perlmutter Sells 1,500 Shares (NYSE:MAC)
christiannewstoday.com - September 6 at 6:03 PM
News IconMacerich celebrates the opening of the expansion and major redevelopment of Broadway Plaza in Walnut Creek, California (NYSE:MAC)
eprretailnews.com - September 2 at 10:51 AM
News IconFoundation Adds Board Members (NYSE:MAC)
www.independentnews.com - September 1 at 9:07 AM
finance.yahoo.com logoMacerich Officially Opens Expanded Broadway Plaza (NYSE:MAC)
finance.yahoo.com - September 1 at 9:07 AM
bizjournals.com logoCouncil denies Plaza plan variances for two projects worth $68M (NYSE:MAC)
www.bizjournals.com - August 27 at 10:26 AM
News IconPhoto studio to open at Santa Monica Place (NYSE:MAC)
smdp.com - August 27 at 10:26 AM
News IconValleyCare Charitable Foundation Elects New and Incumbent Board Members (NYSE:MAC)
patch.com - August 25 at 6:00 PM
News IconThe Macerich Company (NYSE:MAC) from REIT – Retail – Todays Top Gains (NYSE:MAC)
twincountynews.com - August 24 at 5:54 PM
News IconREIT – Retail: The Macerich Company (NYSE:MAC) Position of the day (NYSE:MAC)
twincountynews.com - August 19 at 6:00 PM
News IconLarge Cap REIT – Retail: The Macerich Company (NYSE:MAC) (NYSE:MAC)
twincountynews.com - August 18 at 9:07 AM
forbes.com logoMacerich Becomes Oversold (MAC) (NYSE:MAC)
www.forbes.com - August 17 at 1:58 PM
4-traders.com logoMACERICH CO : ex-dividend day (NYSE:MAC)
www.4-traders.com - August 17 at 9:07 AM
News IconTop Gainers of the Day: The Macerich Company (NYSE:MAC) from REIT – Retail (NYSE:MAC)
twincountynews.com - August 17 at 9:07 AM
mysmartrend.com logoLook for Shares of Macerich to Potentially Rebound after Yesterday's 1.33% Sell Off (NYSE:MAC)
www.mysmartrend.com - August 16 at 6:10 PM
capitalcube.com logoMacroAsia Corp. : Neutral assessment on price but strong on fundamentals (NYSE:MAC)
www.capitalcube.com - August 16 at 6:10 PM
News IconLeading stocks in today’s market: The Macerich Company (NYSE:MAC) (NYSE:MAC)
twincountynews.com - August 15 at 6:15 PM
capitalcube.com logoETF’s with exposure to Macerich Co. : August 15, 2016 (NYSE:MAC)
www.capitalcube.com - August 15 at 6:15 PM
streetinsider.com logoForm 4 MACERICH CO For: Feb 23 Filed by: SOBOROFF STEVEN L (NYSE:MAC)
www.streetinsider.com - August 13 at 5:50 PM
News IconUpdate on The Macerich Company (NYSE:MAC) for the day (NYSE:MAC)
twincountynews.com - August 13 at 5:50 PM
capitalcube.com logoMacerich Co. breached its 50 day moving average in a Bearish Manner : MAC-US : August 12, 2016 (NYSE:MAC)
www.capitalcube.com - August 12 at 9:17 AM
marketwatch.com logoMall operator stocks take a beating after Macy's says it will close stores (NYSE:MAC)
www.marketwatch.com - August 11 at 6:23 PM
finance.yahoo.com logoMACERICH CO Financials (NYSE:MAC)
finance.yahoo.com - August 9 at 6:17 PM
News IconIs The Macerich Company (NYSE:MAC), a large market cap stock a smart buy? (NYSE:MAC)
twincountynews.com - August 8 at 6:16 PM
capitalcube.com logoMacerich Co. :MAC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NYSE:MAC)
www.capitalcube.com - August 5 at 6:12 PM
biz.yahoo.com logoMACERICH CO Files SEC form 10-Q, Quarterly Report (NYSE:MAC)
biz.yahoo.com - August 3 at 6:25 PM
finance.yahoo.com logoRegency Centers (REG) Beats Q2 FFO and Revenue Estimates (NYSE:MAC)
finance.yahoo.com - August 3 at 6:25 PM
rttnews.com logoMacerich Co. Bottom Line Climbs 6% In Q2 (NYSE:MAC)
www.rttnews.com - August 2 at 6:21 PM
finance.yahoo.com logoEdited Transcript of MAC earnings conference call or presentation 1-Aug-16 6:00pm GMT (NYSE:MAC)
finance.yahoo.com - August 2 at 10:52 AM
biz.yahoo.com logoMACERICH CO Files SEC form 8-K/A, Results of Operations and Financial Condition, Regulation FD Disclosure, Financial (NYSE:MAC)
biz.yahoo.com - August 1 at 5:53 PM
finance.yahoo.com logoMacerich's (MAC) Q2 FFO & Revenues Beat, Reaffirms View (NYSE:MAC)
finance.yahoo.com - August 1 at 10:00 AM
finance.yahoo.com logoMacerich (MAC) Beats on Q2 FFO, Revenues Estimates (NYSE:MAC)
finance.yahoo.com - August 1 at 8:44 AM
sg.finance.yahoo.com logoMacerich reports 2Q results (NYSE:MAC)
sg.finance.yahoo.com - August 1 at 7:12 AM

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The Macerich (NYSE:MAC) Chart for Friday, September, 30, 2016


Last Updated on 9/30/2016 by MarketBeat.com Staff