NYSE:MAC Macerich Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Macerich Co Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $6.79 -0.11 (-1.59 %) (As of 09/30/2020 12:00 AM ET) Add Compare Share Today's Range$6.75Now: $6.79▼$7.1250-Day Range$6.72MA: $7.64▼$8.2752-Week Range$4.54Now: $6.79▼$29.97Volume4.12 million shsAverage Volume6.11 million shsMarket Capitalization$1.01 billionP/E Ratio17.41Dividend Yield8.70%Beta1.76 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.8 Analyst's Opinion Consensus RatingMacerich has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 8 hold ratings, and 8 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.06, Macerich has a forecasted upside of 107.1% from its current price of $6.79.Amount of Analyst CoverageMacerich has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Community Rank Outperform VotesMacerich has received 471 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMacerich has received 729 “underperform” votes. (Add your “underperform” vote.)Community SentimentMacerich has received 60.75% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipMacerich is a leading dividend payer. It pays a dividend yield of 8.70%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMacerich does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Macerich is 16.95%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Macerich will have a dividend payout ratio of 24.49% next year. This indicates that Macerich will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Macerich insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.15% of the stock of Macerich is held by insiders.Percentage Held by Institutions90.08% of the stock of Macerich is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Macerich are expected to decrease by -3.92% in the coming year, from $2.55 to $2.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Macerich is 17.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Macerich is 17.41, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.40.Price to Book Value per Share RatioMacerich has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.8Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.07 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:MAC Previous Symbol CUSIP55438210 CIK912242 Webwww.macerich.com Phone310-394-6000Debt Debt-to-Equity Ratio2.18 Current Ratio2.78 Quick Ratio2.78Price-To-Earnings Trailing P/E Ratio17.41 Forward P/E Ratio2.66 P/E GrowthN/A Sales & Book Value Annual Sales$927.46 million Price / Sales1.09 Cash Flow$2.94 per share Price / Cash Flow2.31 Book Value$20.04 per share Price / Book0.34Profitability EPS (Most Recent Fiscal Year)$3.54 Net Income$96.82 million Net Margins6.34% Return on Equity2.00% Return on Assets0.62%Miscellaneous Employees715 Outstanding Shares149,464,000Market Cap$1.01 billion Next Earnings Date10/29/2020 (Estimated) OptionableOptionable $6.79 -0.11 (-1.59 %) (As of 09/30/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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. Macerich (NYSE:MAC) Frequently Asked Questions How has Macerich's stock been impacted by COVID-19? Macerich's stock was trading at $15.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MAC stock has decreased by 55.8% and is now trading at $6.79. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Macerich? 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 8 sell ratings and 8 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macerich. When is Macerich's next earnings date? Macerich is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020. View our earnings forecast for Macerich. How were Macerich's earnings last quarter? Macerich Co (NYSE:MAC) posted its quarterly earnings results on Tuesday, August, 11th. The real estate investment trust reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.30) by $0.12. The real estate investment trust earned $168.70 million during the quarter, compared to analysts' expectations of $200.70 million. Macerich had a net margin of 6.34% and a return on equity of 2.00%. The company's revenue for the quarter was down 25.9% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. View Macerich's earnings history. How often does Macerich pay dividends? What is the dividend yield for Macerich? Macerich announced a quarterly dividend on Friday, July 24th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.15 per share on Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date is Tuesday, August 18th. View Macerich's dividend history. What price target have analysts set for MAC? 16 equities research analysts have issued 12 month price objectives for Macerich's shares. Their forecasts range from $5.50 to $30.00. On average, they anticipate Macerich's stock price to reach $14.06 in the next year. This suggests a possible upside of 107.1% from the stock's current price. View analysts' price targets for Macerich. Are investors shorting Macerich? Macerich saw a increase in short interest in August. As of August 14th, there was short interest totaling 75,510,000 shares, an increase of 12.6% from the July 30th total of 67,050,000 shares. Based on an average trading volume of 6,510,000 shares, the days-to-cover ratio is currently 11.6 days. Currently, 55.0% of the shares of the company are sold short. View Macerich's Short Interest. Who are some of Macerich's key competitors? Some companies that are related to Macerich include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), Alexander's (ALX), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Getty Realty (GTY), Kite Realty Group Trust (KRG) and Acadia Realty Trust (AKR). View all 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 Energy Transfer LP Unit (ET), Simon Property Group (SPG), AT&T (T), Wells Fargo & Company (WFC), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), Intel (INTC), New Residential Investment (NRZ), AbbVie (ABBV) and Pfizer (PFE). Who are Macerich's key executives? Macerich's management team includes the following 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 & TreasurerMr. Christopher J. Zecchini, Sr. VP & Chief Accounting Officer (Age 55)Mr. J. P. Jones, Sr. VP & Chief Information Officer What is Macerich's stock symbol? Macerich trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAC." 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 $6.79. How big of a company is Macerich? Macerich has a market capitalization of $1.01 billion and generates $927.46 million in revenue each year. The real estate investment trust earns $96.82 million in net income (profit) each year or $3.54 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 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 or via email at [email protected] This page was last updated on 10/1/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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