NYSE:MACMacerich Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Macerich Co Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $6.08 +1.02 (+20.16 %) (As of 04/7/2020 06:43 AM ET) Add Compare Share Today's Range$5.27Now: $6.08▼$6.1950-Day Range$5.02MA: $14.41▼$23.7052-Week Range$4.81Now: $6.08▼$44.73Volume10.46 million shsAverage Volume6.94 million shsMarket Capitalization$859.10 millionP/E Ratio8.94Dividend Yield59.29%Beta1.63 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.8 Analyst's Opinion Consensus RatingMacerich has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on 1 buy rating, 6 hold ratings, and 5 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.13, Macerich has a potential upside of 329.7% from its current price of $6.08.Amount of Analyst CoverageMacerich has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Community Rank Outperform VotesMacerich has received 469 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMacerich has received 710 “underperform” votes. (Add your “underperform” vote.)Community SentimentMacerich has received 60.22% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipMacerich is a leading dividend payer. It pays a dividend yield of 59.29%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMacerich has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Macerich is 84.75 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Macerich will have a dividend payout ratio of 90.36 % in the coming year. This indicates that Macerich may not be able to sustain their current dividend. Previous Next 3.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Macerich insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,211,330.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.73% of the stock of Macerich is held by insiders. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Macerich are expected to decrease by -0.30% in the coming year, from $3.33 to $3.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Macerich is 8.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 10.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Macerich is 8.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 10.29.Price to Book Value per Share RatioMacerich has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.8Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.64 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:MAC Previous Symbol CUSIP55438210 CIK912242 Webhttp://www.macerich.com/ Phone310-394-6000Debt Debt-to-Equity Ratio1.88 Current Ratio0.84 Quick Ratio0.84Price-To-Earnings Trailing P/E Ratio8.94 Forward P/E Ratio1.83 P/E GrowthN/A Sales & Book Value Annual Sales$927.46 million Price / Sales0.93 Cash Flow$3.80 per share Price / Cash Flow1.60 Book Value$20.04 per share Price / Book0.30Profitability EPS (Most Recent Fiscal Year)$3.54 Net Income$96.82 million Net Margins10.44% Return on Equity3.28% Return on Assets1.09%Miscellaneous Employees715 Outstanding Shares141,300,000Market Cap$859.10 million Next Earnings Date5/7/2020 (Estimated) OptionableOptionable Receive MAC News and Ratings via Email Sign-up to receive the latest news and ratings for MAC and its competitors with MarketBeat's FREE daily newsletter. MAC Rates by TradingView 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MAC shares have decreased by 60.4% and is now trading at $6.08. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Macerich? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 5 sell ratings, 6 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, May 7th 2020. View our earnings forecast for Macerich. How were Macerich's earnings last quarter? Macerich Co (NYSE:MAC) announced its quarterly earnings data on Thursday, February, 6th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.79. The real estate investment trust had revenue of $241.84 million for the quarter, compared to the consensus estimate of $226.97 million. Macerich had a return on equity of 3.28% and a net margin of 10.44%. The company's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.09 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 paid a dividend of $0.50 per share on Wednesday, June 3rd. This represents a $2.00 annualized dividend and a yield of 32.89%. The ex-dividend date is Tuesday, April 21st. View Macerich's dividend history. What guidance has Macerich issued on next quarter's earnings? Macerich updated its FY20 earnings guidance on Thursday, February, 6th. The company provided EPS guidance of $3.40-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.55. What price target have analysts set for MAC? 12 Wall Street analysts have issued 1 year target prices for Macerich's stock. Their forecasts range from $18.00 to $34.00. On average, they anticipate Macerich's stock price to reach $26.13 in the next twelve months. This suggests a possible upside of 329.7% 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 very negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog 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 daily sentiment score of -3.3 on InfoTrie's scale. They also gave media stories 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 impact on the company's share price in the near term. View the latest news aboutMacerich. Are investors shorting Macerich? Macerich saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 33,960,100 shares, a drop of 10.5% from the February 27th total of 37,950,000 shares. Based on an average trading volume of 3,430,000 shares, the short-interest ratio is currently 9.9 days. Currently, 24.2% of the company's stock are sold short. View Macerich's Current Options Chain. Who are some of Macerich's key competitors? 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), Taubman Centers (TCO), Agree Realty (ADC), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Properties of America (RPAI), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Getty Realty (GTY) and Saul Centers (BFS). What other stocks do shareholders of Macerich own? 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), New Residential Investment (NRZ), Simon Property Group (SPG), AT&T (T), Enterprise Products Partners (EPD), AbbVie (ABBV), Tanger Factory Outlet Centers (SKT), AGNC Investment (AGNC) and Occidental Petroleum (OXY). 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 & TreasurerMr. 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." 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 $6.08. How big of a company is Macerich? Macerich has a market capitalization of $859.10 million 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. 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. This page was last updated on 4/7/2020 by MarketBeat.com StaffFeatured Article: Earnings Reports
