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

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$51.54 +0.19 (+0.37 %)
(As of 10/19/2018 04:00 PM ET)
Previous Close$51.35
Today's Range$51.39 - $52.00
52-Week Range$49.45 - $69.73
Volume630,700 shs
Average Volume841,031 shs
Market Capitalization$7.24 billion
P/E Ratio13.27
Dividend Yield5.76%
Beta0.82
Macerich, 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 52 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.

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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 Ratio13.27
Forward P/E Ratio13.18
P/E Growth2.07

Sales & Book Value

Annual Sales$993.66 million
Price / Sales7.32
Cash Flow$3.7675 per share
Price / Cash13.68
Book Value$28.19 per share
Price / Book1.83

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$7.24 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. Stockholders of record on Friday, August 17th will be paid a dividend of $0.74 per share on Friday, September 7th. This represents a $2.96 annualized dividend and a dividend yield of 5.74%. 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 initiated a stock buyback plan on Friday, April 7th 2017, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) announced its quarterly earnings data on Wednesday, August, 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.96 by $0.91. The real estate investment trust earned $234.50 million during the quarter, compared to analyst estimates of $216.37 million. Macerich had a return on equity of 1.58% and a net margin of 2.52%. Macerich's revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $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 Wednesday, October 31st 2018. View Earnings Estimates for Macerich.

How can I listen to Macerich's earnings call?

Macerich will be holding an earnings conference call on Thursday, November 1st at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8882213881.

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

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

What price target have analysts set for MAC?

17 brokerages have issued 1 year price objectives for Macerich's shares. Their forecasts range from $54.00 to $75.00. On average, they anticipate Macerich's stock price to reach $63.9688 in the next year. This suggests a possible upside of 24.1% from the stock's current price. View Analyst Price Targets for Macerich.

What is the consensus analysts' recommendation for Macerich?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 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, "Recently, Macerich announced a national partnership with premium workplace operator Industrious. This marks the first-of-a-kind partnership, targeted at multi-property rollout, between a co-working company and a major mall owner. Moreover, the company enjoys a premium portfolio and presence of well-capitalized tenants in its roster. Also, its increasing adoption of the omni-channel model in retailing is anticipated to enhance the shopping experience and bolster sales volume at tenant stores. However, shrinking footfall amid shift of consumers toward online channels, store closures and bankruptcy of retailers are expected to adversely affect the company’s performance in the near term. Also, hike in interest rates remains a concern for the company. In addition, the company’s shares have underperformed the industry over the past three months." (9/3/2018)
  • 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)
  • Mr. J. P. Jones, Sr. VP & CIO
  • Ms. Jean Wood, VP of Investor Relations

Who are Macerich's major shareholders?

Macerich's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.19%), Strs Ohio (0.14%), State of Alaska Department of Revenue (0.06%), Aperio Group LLC (0.03%), Nisa Investment Advisors LLC (0.02%) and Clinton Group Inc. (0.01%). Company insiders that own Macerich stock include Arthur M Coppola, Dana K Anderson, Hern Thomas E O and Robert D Perlmutter. View Institutional Ownership Trends for Macerich.

Which major investors are selling Macerich stock?

MAC stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Clinton Group Inc. and Aperio Group LLC. View Insider Buying and Selling for Macerich.

Which major investors are buying Macerich stock?

MAC stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, First Hawaiian Bank, State of Alaska Department of Revenue, Oakbrook Investments LLC and Nisa Investment Advisors 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 $51.54.

How big of a company is Macerich?

Macerich has a market capitalization of $7.26 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.

What is Macerich's official website?

The official website for Macerich is http://www.macerich.com.

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:  394 (Vote Outperform)
Underperform Votes:  602 (Vote Underperform)
Total Votes:  996
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 10/20/2018 by MarketBeat.com Staff

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