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 47.4% and is now trading at $8.09. 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) announced its quarterly earnings results on Tuesday, May, 12th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.03. The real estate investment trust had revenue of $227 million for the quarter, compared to analyst estimates of $214.96 million. Macerich had a return on equity of 3.38% and a net margin of 10.40%. The company's revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. View Macerich's earnings history.

Macerich declared a quarterly dividend on Monday, March 16th. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.50 per share on Wednesday, June 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 24.72%. The ex-dividend date of this dividend is Tuesday, April 21st. View Macerich's dividend history.

16 equities research analysts have issued 12 month target prices for Macerich's stock. Their forecasts range from $5.50 to $33.00. On average, they anticipate Macerich's share price to reach $15.72 in the next twelve months. This suggests a possible upside of 94.3% from the stock's current price. View analysts' price targets for Macerich.

Media headlines about MAC stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Macerich earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Macerich.

Macerich saw a increase in short interest in the month of 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 daily volume of 8,530,000 shares, the days-to-cover ratio is currently 7.1 days. Approximately 43.1% of the company's shares are short sold. 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 many different retail and institutional investors. Top institutional investors include Pensionfund DSM Netherlands (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 purchased by a variety of institutional investors in the last quarter, including 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 $8.09.

Macerich has a market capitalization of $1.14 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.