NYSE:MAC - Macerich Stock Price, News & Analysis

$33.23
-0.10 (-0.30 %)
(As of 09/15/2019 04:00 PM 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 Ratio8.63
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. Shareholders 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 dividend on an annualized basis and a 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 quarterly earnings data on Thursday, August, 1st. The real estate investment trust reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.02. The real estate investment trust had revenue of $227.97 million for the quarter, compared to the consensus estimate of $213.18 million. Macerich had a net margin of 11.59% and a return on equity of 3.49%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. 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 issued an update on its FY 2019 earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of $3.50-3.58 for the period.

What price target have analysts set for MAC?

14 equities research analysts have issued 1 year price targets for Macerich's stock. Their predictions range from $26.50 to $61.00. On average, they expect 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?

Media coverage about MAC stock has been trending somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macerich earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact 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 trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 16.1 days. Approximately 19.3% of the company's 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?

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 variety of of retail and institutional investors. Top institutional investors 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 institutional 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 institutional investors are buying Macerich stock?

MAC stock was acquired 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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