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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Current SymbolNYSE:MAC
Previous Symbol
CUSIP55438210
Phone310-394-6000
Debt
Debt-to-Equity Ratio1.48
Current Ratio0.96
Quick Ratio0.96
Price-To-Earnings
Trailing P/E Ratio13.05
Forward P/E Ratio13.25
P/E Growth2.06
Sales & Book Value
Annual Sales$993.66 million
Price / Sales7.28
Cash Flow$3.7741 per share
Price / Cash13.59
Book Value$23.31 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)$3.93
Net Income$146.13 million
Net Margins8.35%
Return on Equity3.29%
Return on Assets1.25%
Miscellaneous
Employees855
Outstanding Shares141,050,000
Market Cap$7.19 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 announced a quarterly dividend on Thursday, October 25th. Stockholders of record on Friday, November 9th will be given a dividend of $0.75 per share on Monday, December 3rd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Macerich's previous quarterly dividend of $0.74. View Macerich's Dividend History.
How will Macerich's stock buyback program work?
Macerich declared that its Board of Directors has authorized a stock repurchase plan on Friday, April 7th 2017, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 5.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.
How were Macerich's earnings last quarter?
Macerich Co (NYSE:MAC) released its quarterly earnings data on Wednesday, October, 31st. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.32. The real estate investment trust earned $242.20 million during the quarter, compared to analysts' expectations of $220.02 million. Macerich had a return on equity of 3.29% and a net margin of 8.35%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. View Macerich's Earnings History.
When is Macerich's next earnings date?
What guidance has Macerich issued on next quarter's earnings?
Macerich updated its FY18 earnings guidance on Wednesday, October, 31st. The company provided EPS guidance of $3.82-3.87 for the period, compared to the Thomson Reuters consensus earnings per share 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 target prices for Macerich's stock. Their forecasts range from $54.00 to $75.00. On average, they expect Macerich's stock price to reach $63.9688 in the next twelve months. This suggests a possible upside of 24.7% 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 11 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macerich.
What are Wall Street analysts saying about Macerich stock?
Here are some recent quotes from research analysts about Macerich stock:
- 1. According to Zacks Investment Research, "Shares of Macerich have outperformed its industry over the past three months. Moreover, in September, the company and Simon Property Group announced a collaboration to create Los Angeles Premium Outlets. The move is aimed at luring the high-density affluent neighborhood and international tourists, and leverage on the improving spending habits of wealthier customers amid improving economy. The company is repurposing properties as well as improving merchandizing mix. However, despite the company resorting to different strategies in a bid to improve asset quality, shrinking footfall amid shift of consumers toward online channels, store closures and bankruptcy of retailers are expected to adversely affect the company’s performance in the near term. Also, hike in interest rates remains a concern for the company." (10/22/2018)
- 2. Boenning Scattergood analysts commented, "We reiterate our Outperform rating and price target of $75 per share, a discount to our estimated NAV of approximately $84." (2/7/2018)
Has Macerich been receiving favorable news coverage?
Press coverage about MAC stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news 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 positive five, with scores nearest to five being the most favorable. Macerich earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Macerich's key competitors?
Some companies that are related to Macerich include Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Weyerhaeuser (WY), SBA Communications (SBAC), Boston Properties (BXP), Realty Income (O), Brookfield Property Reit (BPR), Essex Property Trust (ESS), Host Hotels and Resorts (HST), HCP (HCP), Vornado Realty Trust (VNO) and Alexandria Real Estate Equities (ARE).
Who are Macerich's key executives?
Macerich's management team includes the folowing people:
- Mr. Arthur M. Coppola CPA, Chief Exec. Officer (Age 66)
- Mr. Edward C. Coppola, Pres & Director (Age 63)
- Mr. Thomas E. O'Hern CPA, Sr. EVP, CFO, Treasurer & Director (Age 62)
- 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 a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.22%), FMR LLC (2.40%), Hsbc Holdings PLC (1.94%), Dimensional Fund Advisors LP (1.42%), Prudential Financial Inc. (1.13%) and Third Avenue Management LLC (1.12%). Company insiders that own Macerich stock include Arthur M Coppola, Dana K Anderson, Hern Thomas E O and Robert D Perlmutter. 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 FMR LLC, HAP Trading LLC, BlackRock Inc., Crabel Capital Management LLC, Canada Pension Plan Investment Board, Mitsubishi UFJ Trust & Banking Corp, Victory Capital Management Inc. and TCW Group Inc.. View Insider Buying and Selling for Macerich.
Which institutional investors are buying Macerich stock?
MAC stock was bought by a variety of institutional investors in the last quarter, including Hsbc Holdings PLC, Russell Investments Group Ltd., JPMorgan Chase & Co., JPMorgan Chase & Co., Bank of New York Mellon Corp, Renaissance Technologies LLC, Perella Weinberg Partners Capital Management LP and Credit Suisse AG. 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 $51.29.
How big of a company is Macerich?
Macerich has a market capitalization of $7.19 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?
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)
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.
