NYSE:MAC - Macerich Stock Price, Forecast & News

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 (WHO). Since then, MAC shares have decreased by 63.8% and is now trading at $5.5650. View which stocks have been mosted impacted by Coronavirus.

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.

Macerich is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Macerich.

Macerich Co (NYSE:MAC) posted its quarterly earnings data on Thursday, February, 6th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by $0.79. The real estate investment trust had revenue of $241.84 million for the quarter, compared to analyst estimates of $226.97 million. Macerich had a net margin of 10.44% and a return on equity of 3.28%. The company's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. View Macerich's earnings history.

Macerich declared a quarterly dividend on Monday, March 16th. Investors 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 dividend on an annualized basis and a dividend yield of 35.94%. The ex-dividend date is Tuesday, April 21st. View Macerich's dividend history.

Macerich issued an update on 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 estimate of $3.55.

12 Wall Street analysts have issued 12 month target prices for Macerich's shares. Their forecasts range from $18.00 to $34.00. On average, they expect Macerich's stock price to reach $26.13 in the next year. This suggests a possible upside of 369.5% from the stock's current price. View analysts' price targets for Macerich.

Media stories about MAC stock have trended very negative recently, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Macerich earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutMacerich.

Macerich saw a decrease in short interest in March. As of March 13th, there was short interest totaling 33,960,100 shares, a decrease of 10.5% from the February 27th total of 37,950,000 shares. Based on an average daily volume of 3,430,000 shares, the short-interest ratio is currently 9.9 days. Currently, 24.2% of the shares of the stock are short sold. View Macerich's Current Options Chain.

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

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), Enterprise Products Partners (EPD), AT&T (T), AbbVie (ABBV), Tanger Factory Outlet Centers (SKT), AGNC Investment (AGNC) and Occidental Petroleum (OXY).

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

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 $5.57.

Macerich has a market capitalization of $786.33 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.

The official website for Macerich is http://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.