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Macerich Stock Price, Forecast & Analysis (NYSE:MAC)

$27.21
-0.75 (-2.68 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$26.91
Now: $27.21
$27.96
50-Day Range
$27.29
MA: $28.35
$32.31
52-Week Range
$26.87
Now: $27.21
$51.08
Volume2.41 million shs
Average Volume1.58 million shs
Market Capitalization$3.84 billion
P/E Ratio7.07
Dividend Yield10.73%
Beta0.73
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. Read More…

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$2.91 per share
Book Value$22.60 per share

Profitability

Net Income$60.02 million

Miscellaneous

Employees715
Market Cap$3.84 billion
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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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, October 24th. Stockholders of record on Friday, November 8th will be given a dividend of $0.75 per share on Tuesday, December 3rd. This represents a $3.00 annualized dividend and a dividend yield of 11.03%. The ex-dividend date is Thursday, November 7th. View Macerich's Dividend History.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) announced its quarterly earnings data on Thursday, October, 31st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.02. The real estate investment trust earned $214.30 million during the quarter, compared to analysts' expectations of $216.69 million. Macerich had a return on equity of 2.69% and a net margin of 8.76%. Macerich's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 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 Thursday, February 6th 2020. View Earnings Estimates for Macerich.

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

Macerich updated its FY19 earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $2.50-3.58 for the period, compared to the Thomson Reuters consensus estimate of $3.53.

What price target have analysts set for MAC?

13 analysts have issued twelve-month price targets for Macerich's stock. Their forecasts range from $26.50 to $61.00. On average, they expect Macerich's stock price to reach $39.96 in the next year. This suggests a possible upside of 46.9% from the stock's current price. View Analyst Price Targets for Macerich.

What is the consensus analysts' recommendation for Macerich?

13 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macerich.

Has Macerich been receiving favorable news coverage?

Media stories about MAC stock have trended very negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macerich earned a coverage optimism score of -3.4 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Macerich.

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), AT&T (T), AbbVie (ABBV), Exxon Mobil (XOM), Macquarie Infrastructure (MIC), Gilead Sciences (GILD), Enbridge (ENB), Energy Transfer LP Unit (ET), Pfizer (PFE) and Tanger Factory Outlet Centers (SKT).

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 a number of of institutional and retail investors. Top institutional investors include Daiwa Securities Group Inc. (3.38%), Smead Capital Management Inc. (1.38%), Presima Inc. (0.98%), Timbercreek Investment Management Inc. (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.37%) and Russell Investments Group Ltd. (0.34%). Company insiders that own Macerich stock include Andrea M Stephen, Arthur M Coppola, Christopher J Zecchini, Dana K Anderson, Daniel J Hirsch, Edward C Coppola, Hern Thomas E O, Kenneth Volk, Scott W Kingsmore and Steve Hash. 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 Russell Investments Group Ltd., State of Alaska Department of Revenue, California Public Employees Retirement System, Presima Inc., State of Tennessee Treasury Department, American Assets Investment Management LLC, Strs Ohio and Fjarde AP Fonden Fourth Swedish National Pension Fund. Company insiders that have sold Macerich company stock in the last year include Arthur M Coppola, Christopher J Zecchini and Kenneth Volk. View Insider Buying and Selling for Macerich.

Which institutional investors are buying Macerich stock?

MAC stock was bought by a variety of institutional investors in the last quarter, including Smead Capital Management Inc., Daiwa Securities Group Inc., Timbercreek Investment Management Inc., CIBC Asset Management Inc, State of New Jersey Common Pension Fund D, Waratah Capital Advisors Ltd., Triad Investment Management and Nisa Investment Advisors LLC. Company insiders that have bought Macerich stock in the last two years include Andrea M Stephen, Daniel J Hirsch, Edward C Coppola, Hern Thomas E O, Kenneth Volk, Scott W Kingsmore and Steve Hash. 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, Robinhood, Fidelity and Charles Schwab.

What is Macerich's stock price today?

One share of MAC stock can currently be purchased for approximately $27.21.

How big of a company is Macerich?

Macerich has a market capitalization of $3.84 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.View Additional Information About Macerich.

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:  443 (Vote Outperform)
Underperform Votes:  670 (Vote Underperform)
Total Votes:  1,113
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 11/19/2019 by MarketBeat.com Staff

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