NYSE:MAC - Macerich Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$46.28 +0.34 (+0.74 %)
(As of 01/21/2019 09:03 AM ET)
Previous Close$45.94
Today's Range$45.84 - $46.40
52-Week Range$40.90 - $69.73
Volume745,859 shs
Average Volume1.03 million shs
Market Capitalization$6.53 billion
P/E Ratio11.78
Dividend Yield6.48%
Beta0.93
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 52 million square feet of real estate consisting primarily of interests in 48 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 Pacific Rim, 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 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments.

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.

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$993.66 million
Cash Flow$3.7534 per share
Book Value$28.19 per share

Profitability

Net Income$146.13 million

Miscellaneous

Employees855
Market Cap$6.53 billion
OptionableOptionable

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 declared a quarterly dividend on Thursday, October 25th. Investors of record on Friday, November 9th will be paid a dividend of $0.75 per share on Monday, December 3rd. This represents a $3.00 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend is Thursday, November 8th. This is a boost from Macerich's previous quarterly dividend of $0.74. View Macerich's Dividend History.

How will Macerich's stock buyback program work?

Macerich announced that its Board of Directors has authorized a share buyback plan on Friday, April 7th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) issued its quarterly earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.32. The real estate investment trust had revenue of $242.20 million for the quarter, compared to the consensus estimate of $220.02 million. Macerich had a net margin of 8.35% and a return on equity of 3.29%. The company's revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. View Macerich's Earnings History.

When is Macerich's next earnings date?

Macerich is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for Macerich.

What guidance has Macerich issued on next quarter's earnings?

Macerich issued an update on its FY18 earnings guidance on Wednesday, October, 31st. The company provided earnings per share guidance of $3.82-3.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.84. Macerich also updated its FY 2018 guidance to $3.82-3.87 EPS.

What price target have analysts set for MAC?

17 brokerages have issued twelve-month price targets for Macerich's stock. Their forecasts range from $51.00 to $75.00. On average, they expect Macerich's stock price to reach $61.0333 in the next twelve months. This suggests a possible upside of 31.9% from the stock's current price. View Analyst Price Targets for Macerich.

What is the consensus analysts' recommendation for Macerich?

17 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macerich.

Has Macerich been receiving favorable news coverage?

News articles about MAC stock have trended positive on Monday, InfoTrie reports. The research group identifies negative and positive 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 -5 to 5, with scores nearest to five being the most favorable. Macerich earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned news coverage 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 effect on the stock's share price in the near future.

Who are some of Macerich's key competitors?

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 Kingsmore, Exec. VP, CFO & Treasurer
  • Mr. J. P. Jones, Sr. VP & CIO
  • Ms. Jean Wood, VP of Investor Relations

Who are Macerich's major shareholders?

Macerich's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.06%), First Citizens Bank & Trust Co. (0.02%), Nisa Investment Advisors LLC (0.02%), Oakbrook Investments LLC (0.00%), QUANTRES ASSET MANAGEMENT Ltd (0.00%) and Louisiana State Employees Retirement System (0.00%). Company insiders that own Macerich stock include Arthur M Coppola, Dana K Anderson and Daniel J Hirsch. 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 First Hawaiian Bank, Nisa Investment Advisors LLC, Oakbrook Investments LLC, Louisiana State Employees Retirement System and Gateway Investment Advisers LLC. Company insiders that have sold Macerich company stock in the last year include Arthur M Coppola and Dana K Anderson. 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 First Citizens Bank & Trust Co., QUANTRES ASSET MANAGEMENT Ltd, State of Alaska Department of Revenue and Meeder Asset Management Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is Macerich's stock price today?

One share of MAC stock can currently be purchased for approximately $46.28.

How big of a company is Macerich?

Macerich has a market capitalization of $6.53 billion and generates $993.66 million in revenue each year. The real estate investment trust earns $146.13 million in net income (profit) each year or $3.93 on an earnings per share basis. Macerich employs 855 workers across the globe.

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:  410 (Vote Outperform)
Underperform Votes:  616 (Vote Underperform)
Total Votes:  1,026
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 1/21/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel