NYSE:MACMacerich Stock Price, Forecast & News

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 shares have decreased by 48.9% and is now trading at $7.86. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 7 sell ratings and 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macerich.

Macerich is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Macerich.

Macerich Co (NYSE:MAC) posted its quarterly earnings results on Tuesday, May, 12th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.03. The real estate investment trust earned $227 million during the quarter, compared to analyst estimates of $214.96 million. Macerich had a net margin of 10.40% and a return on equity of 3.38%. Macerich's revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. View Macerich's earnings history.

Macerich declared a quarterly dividend on Monday, March 16th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.50 per share on Wednesday, June 3rd. This represents a $2.00 annualized dividend and a dividend yield of 25.45%. The ex-dividend date is Tuesday, April 21st. View Macerich's dividend history.

16 brokerages have issued 1 year price targets for Macerich's shares. Their forecasts range from $5.50 to $33.00. On average, they expect Macerich's share price to reach $15.72 in the next year. This suggests a possible upside of 100.0% from the stock's current price. View analysts' price targets for Macerich.

Media coverage about MAC stock has been trending negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macerich earned a coverage optimism score of -2.3 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Macerich.

Macerich saw a increase in short interest in June. As of June 30th, there was short interest totaling 60,440,000 shares, an increase of 17.3% from the June 15th total of 51,530,000 shares. Based on an average trading volume of 8,530,000 shares, the short-interest ratio is currently 7.1 days. Approximately 43.1% of the shares of the company are sold short. View Macerich's Current Options Chain.

Some companies that are related to Macerich include Simon Property Group (SPG), Realty Income (O), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Alexander's (ALX), Getty Realty (GTY), Acadia Realty Trust (AKR) and Kite Realty Group Trust (KRG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Macerich investors own include Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), AT&T (T), New Residential Investment (NRZ), Simon Property Group (SPG), Enterprise Products Partners (EPD), AbbVie (ABBV), Tanger Factory Outlet Centers (SKT), Exxon Mobil (XOM) and Occidental Petroleum (OXY).

Macerich trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAC."

Macerich's stock is owned by a number of institutional and retail investors. Top institutional investors include Pensionfund DSM Netherlands (0.02%) and KG&L Capital Management LLC (0.02%). Company insiders that own Macerich stock include Andrea M Stephen, Ann C Menard, Arthur M Coppola, Christopher J Zecchini, Dana K Anderson, Daniel J Hirsch, Doug J Healey, Edward C Coppola, Hern Thomas E O, John H Alschuler Jr, Kenneth Volk, Scott W Kingsmore, Steve Hash and Steven L Soboroff. View institutional ownership trends for Macerich.

MAC stock was acquired by a variety of institutional investors in the last quarter, including KG&L Capital Management LLC, and Pensionfund DSM Netherlands. Company insiders that have bought Macerich stock in the last two years include Andrea M Stephen, Ann C Menard, Dana K Anderson, Daniel J Hirsch, Doug J Healey, Edward C Coppola, Hern Thomas E O, John H Alschuler Jr, Kenneth Volk, Scott W Kingsmore, Steve Hash, and Steven L Soboroff. View insider buying and selling activity for 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.

One share of MAC stock can currently be purchased for approximately $7.86.

Macerich has a market capitalization of $1.11 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.

The official website for Macerich is www.macerich.com.

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.