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NYSE:MACMacerich Stock Price, Forecast & News

$9.36
+0.77 (+8.96 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$8.29
Now: $9.36
$9.43
50-Day Range
$5.64
MA: $6.88
$9.36
52-Week Range
$4.54
Now: $9.36
$35.19
Volume14.34 million shs
Average Volume7.67 million shs
Market Capitalization$1.32 billion
P/E Ratio13.76
Dividend Yield4.27%
Beta1.78
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.9Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.18 out of 5 stars


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$927.46 million
Cash Flow$3.15 per share
Book Value$20.04 per share

Profitability

Net Income$96.82 million

Miscellaneous

Employees715
Market Cap$1.32 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Macerich (NYSE:MAC) Frequently Asked Questions

How has Macerich's stock been impacted by COVID-19 (Coronavirus)?

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 39.1% and is now trading at $9.36. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Macerich?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 5 sell ratings, 9 hold ratings and 1 buy rating 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, August 6th 2020. View our earnings forecast for Macerich.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) posted its earnings results on Tuesday, May, 12th. The real estate investment trust reported $0.05 EPS for the quarter, beating the 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 return on equity of 3.38% and a net margin of 10.40%. Macerich's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. View Macerich's earnings history.

How often does Macerich pay dividends? What is the dividend yield for Macerich?

Macerich declared a quarterly dividend on Monday, March 16th. Shareholders 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 yield of 21.37%. The ex-dividend date of this dividend is Tuesday, April 21st. View Macerich's dividend history.

What price target have analysts set for MAC?

15 analysts have issued 1 year price objectives for Macerich's shares. Their forecasts range from $5.00 to $34.00. On average, they expect Macerich's stock price to reach $18.26 in the next twelve months. This suggests a possible upside of 95.1% from the stock's current price. View analysts' price targets for Macerich.

Has Macerich been receiving favorable news coverage?

Media coverage about MAC stock has trended positive on Saturday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macerich earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage 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 effect on the stock's share price in the next few days. View the latest news aboutMacerich.

Are investors shorting Macerich?

Macerich saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 38,330,000 shares, an increase of 25.5% from the April 30th total of 30,540,000 shares. Based on an average daily trading volume, of 7,080,000 shares, the days-to-cover ratio is presently 5.4 days. Approximately 27.3% of the shares of the stock are short sold. View Macerich's Current Options Chain.

Who are some of Macerich's key competitors?

What other stocks do shareholders of Macerich own?

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 & Treasurer
  • Mr. 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."

Who are Macerich's major shareholders?

Macerich's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.82%), Cohen & Steers Inc. (5.78%), State Street Corp (4.51%), Morgan Stanley (3.09%), Morgan Stanley (3.09%) and Smead Capital Management Inc. (2.94%). 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.

Which institutional investors are selling Macerich stock?

MAC stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Invesco Ltd., Morgan Stanley, Morgan Stanley, Deutsche Bank AG, JPMorgan Chase & Co., Alliancebernstein L.P., and Janus Henderson Group PLC. View insider buying and selling activity for Macerich.

Which institutional investors are buying Macerich stock?

MAC stock was acquired by a variety of institutional investors in the last quarter, including Smead Capital Management Inc., Nuveen Asset Management LLC, Two Sigma Investments LP, Balyasny Asset Management LLC, Prentice Capital Management LP, Two Sigma Advisers LP, Advisors Asset Management Inc., and Aperio Group LLC. 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.

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 $9.36.

How big of a company is Macerich?

Macerich has a market capitalization of $1.32 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.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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