NYSE:MAC - Macerich Stock Price, News & Analysis

$33.23
-0.10 (-0.30 %)
(As of 09/15/2019 06:08 AM ET)
Today's Range
$32.69
Now: $33.23
$33.75
50-Day Range
$27.84
MA: $30.36
$33.93
52-Week Range
$27.54
Now: $33.23
$57.38
Volume2.62 million shs
Average Volume2.10 million shs
Market Capitalization$4.69 billion
P/E Ratio8.84
Dividend Yield9.00%
Beta0.76
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$2.9617 per share
Book Value$22.60 per share

Profitability

Net Income$60.02 million

Miscellaneous

Employees715
Market Cap$4.69 billion
Next Earnings Date10/30/2019 (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, July 25th. Stockholders of record on Monday, August 19th will be paid a dividend of $0.75 per share on Friday, September 6th. This represents a $3.00 annualized dividend and a dividend yield of 9.03%. The ex-dividend date is Friday, August 16th. View Macerich's Dividend History.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) posted its earnings results on Thursday, August, 1st. The real estate investment trust reported $0.88 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.02. The real estate investment trust earned $227.97 million during the quarter, compared to analysts' expectations of $213.18 million. Macerich had a return on equity of 3.49% and a net margin of 11.59%. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 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 30th 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, August, 1st. The company provided EPS guidance of $3.50-3.58 for the period.

What price target have analysts set for MAC?

14 analysts have issued twelve-month target prices for Macerich's stock. Their predictions range from $26.50 to $61.00. On average, they anticipate Macerich's share price to reach $41.9545 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price. View Analyst Price Targets for Macerich.

What is the consensus analysts' recommendation for Macerich?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 2 sell ratings, 9 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?

Press coverage about MAC stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. 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 news sentiment score of 0.9 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Macerich.

Are investors shorting Macerich?

Macerich saw a increase in short interest in August. As of August 15th, there was short interest totalling 27,019,000 shares, an increase of 12.3% from the July 15th total of 24,055,400 shares. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is presently 16.1 days. Approximately 19.3% of the company's shares are sold short. View Macerich's Current Options Chain.

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), Enbridge (ENB), Gilead Sciences (GILD), Macquarie Infrastructure (MIC), CVS Health (CVS), Ford Motor (F) and Kimco Realty (KIM).

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 shareholders include Vanguard Group Inc. (14.55%), Cohen & Steers Inc. (9.36%), BlackRock Inc. (8.28%), BlackRock Inc. (8.28%), Morgan Stanley (5.68%) and Invesco Ltd. (4.95%). Company insiders that own Macerich stock include Andrea M Stephen, Arthur M Coppola, 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 major investors are selling Macerich stock?

MAC stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Centersquare Investment Management LLC, Presima Inc., Canada Pension Plan Investment Board, Prudential Financial Inc., Teachers Insurance & Annuity Association of America, Marathon Partners Equity Management LLC and Robeco Institutional Asset Management B.V.. 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 major investors are buying Macerich stock?

MAC stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Daiwa Securities Group Inc., Vanguard Group Inc., Renaissance Technologies LLC, Nuveen Asset Management LLC, Wells Fargo & Company MN, Invesco Ltd. and Price T Rowe Associates Inc. MD. 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 $33.23.

How big of a company is Macerich?

Macerich has a market capitalization of $4.69 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:  434 (Vote Outperform)
Underperform Votes:  654 (Vote Underperform)
Total Votes:  1,088
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 9/15/2019 by MarketBeat.com Staff

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