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

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$41.74 -0.22 (-0.52 %)
(As of 05/19/2019 04:00 PM ET)
Previous Close$41.74
Today's Range$41.47 - $42.05
52-Week Range$39.71 - $60.95
Volume748,617 shs
Average Volume1.13 million shs
Market Capitalization$5.90 billion
P/E Ratio10.84
Dividend Yield7.19%
Beta0.83
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 51 million square feet of real estate consisting primarily of interests in 47 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 West Coast, 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 2014-2018. For the fourth straight year in 2018 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

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP55438210
Phone310-394-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$960.35 million
Cash Flow$2.9729 per share
Book Value$21.84 per share

Profitability

Net Income$60.02 million

Miscellaneous

Employees715
Market Cap$5.90 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Thursday, April 25th. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.75 per share on Monday, June 3rd. This represents a $3.00 annualized dividend and a dividend yield of 7.19%. The ex-dividend date is Tuesday, May 7th. View Macerich's Dividend History.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) posted its earnings results on Thursday, May, 2nd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.76. The real estate investment trust earned $216.34 million during the quarter, compared to the consensus estimate of $206.88 million. Macerich had a return on equity of 3.75% and a net margin of 10.67%. Macerich's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. View Macerich's Earnings History.

When is Macerich's next earnings date?

Macerich is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Macerich.

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

Macerich updated its FY 2019 earnings guidance on Thursday, May, 2nd. The company provided earnings per share guidance of $3.65-3.73 for the period. Macerich also updated its FY19 guidance to $3.50-3.58 EPS.

What price target have analysts set for MAC?

15 Wall Street analysts have issued 12-month price targets for Macerich's shares. Their forecasts range from $43.00 to $64.00. On average, they anticipate Macerich's share price to reach $54.00 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View Analyst Price Targets for Macerich.

What is the consensus analysts' recommendation for Macerich?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 2 sell ratings, 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macerich.

Has Macerich been receiving favorable news coverage?

News stories about MAC stock have trended somewhat positive this week, InfoTrie reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macerich earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are some of Macerich's key competitors?

What other stocks do shareholders of Macerich own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Macerich investors own include Simon Property Group (SPG), Starbucks (SBUX), CVS Health (CVS), Intel (INTC), QUALCOMM (QCOM), Alphabet (GOOG), AbbVie (ABBV), Alibaba Group (BABA), Pfizer (PFE) and AT&T (T).

Who are Macerich's key executives?

Macerich's management team includes the folowing people:
  • Mr. Thomas E. O'Hern CPA, CEO & Director (Age 63)
  • Mr. Edward C. Coppola, Pres & Director (Age 64)
  • Mr. Scott W. Kingsmore, Exec. VP, CFO & Treasurer
  • Mr. Christopher J. Zecchini, Sr. VP & Chief Accounting Officer (Age 55)
  • Mr. J. P. Jones, Sr. VP & Chief Information Officer

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. (8.19%), Morgan Stanley (5.50%), FMR LLC (2.44%), Centersquare Investment Management LLC (1.87%), Centersquare Investment Management LLC (1.84%) and Daiwa Securities Group Inc. (1.76%). Company insiders that own Macerich stock include Arthur M Coppola, Dana K Anderson, Daniel J Hirsch, Edward C Coppola, Hern Thomas E O and Kenneth Volk. 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 PGGM Investments, Heitman Real Estate Securities LLC, Goldman Sachs Group Inc., Security Capital Research & Management Inc., FMR LLC, BlackRock Inc., Securian Asset Management Inc and Coronation Fund Managers Ltd.. Company insiders that have sold Macerich company stock in the last year include Arthur M Coppola, Dana K Anderson and Kenneth Volk. 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 JPMorgan Chase & Co., Renaissance Technologies LLC, Morgan Stanley, Daiwa Securities Group Inc., Presima Inc., FIL Ltd, Centersquare Investment Management LLC and Centersquare Investment Management LLC. Company insiders that have bought Macerich stock in the last two years include Daniel J Hirsch, Edward C Coppola and Hern Thomas E O. 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 $41.74.

How big of a company is Macerich?

Macerich has a market capitalization of $5.90 billion and generates $960.35 million in revenue each year. The real estate investment trust earns $60.02 million in net income (profit) each year or $3.85 on an earnings per share basis. Macerich employs 715 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:  425 (Vote Outperform)
Underperform Votes:  631 (Vote Underperform)
Total Votes:  1,056
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 5/19/2019 by MarketBeat.com Staff

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