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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Phone310-394-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$960.35 million
Profitability
Miscellaneous
Employees855
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, January 31st. Stockholders of record on Thursday, February 21st will be paid a dividend of $0.75 per share on Friday, March 1st. This represents a $3.00 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend is Wednesday, February 20th. View Macerich's Dividend History.
How will Macerich's stock buyback program work?
Macerich declared that its Board of Directors has approved a share repurchase program on Friday, April 7th 2017, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 5.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.
How were Macerich's earnings last quarter?
Macerich Co (NYSE:MAC) announced its quarterly earnings results on Thursday, February, 7th. The real estate investment trust reported $1.09 EPS for the quarter, meeting the consensus estimate of $1.09. The real estate investment trust earned $246.90 million during the quarter, compared to analysts' expectations of $228.64 million. Macerich had a return on equity of 2.41% and a net margin of 6.25%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 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 FY 2019 earnings guidance on Thursday, February, 7th. The company provided EPS guidance of $3.65-3.73 for the period. Macerich also updated its FY19 guidance to $3.50-$3.58 EPS.
What price target have analysts set for MAC?
16 brokerages have issued 12 month price targets for Macerich's stock. Their forecasts range from $43.00 to $75.00. On average, they expect Macerich's stock price to reach $57.50 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price. View Analyst Price Targets for Macerich.
What is the consensus analysts' recommendation for Macerich?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 2 sell ratings, 10 hold ratings and 4 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 headlines about MAC stock have trended somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative 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 coverage optimism score of 0.7 on InfoTrie's scale. They also gave news articles 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 stock's share price in the next several days.
Who are some of Macerich's key competitors?
Some companies that are related to Macerich include DIGITAL RLTY TR/SH (DLR), Ventas (VTR), SBA Communications (SBAC), Boston Properties (BXP), Realty Income (O), Weyerhaeuser (WY), Essex Property Trust (ESS), Alexandria Real Estate Equities (ARE), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Extra Space Storage (EXR), WP Carey (WPC) and UDR (UDR).
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 BlackRock Inc. (8.35%), Cohen & Steers Inc. (2.06%), Bank of America Corp DE (2.05%), Northern Trust Corp (1.40%), Daiwa Securities Group Inc. (1.34%) and Geode Capital Management LLC (1.30%). Company insiders that own Macerich stock include Arthur M Coppola, Dana K Anderson and Daniel J Hirsch. View Institutional Ownership Trends for Macerich.
Which major investors are selling Macerich stock?
MAC stock was sold by a variety of institutional investors in the last quarter, including Hsbc Holdings PLC, Bank of America Corp DE, Nuveen Asset Management LLC, Victory Capital Management Inc., Millennium Management LLC, Bank of Montreal Can, Dimensional Fund Advisors LP and Macquarie Group Ltd.. 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 major investors are buying Macerich stock?
MAC stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Daiwa Securities Group Inc., Lasalle Investment Management Securities LLC, Presima Inc., Elliott Management Corp, Securian Asset Management Inc, Northwood Liquid Management LP and BlackRock 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 $43.52.
How big of a company is Macerich?
Macerich has a market capitalization of $6.14 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 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.
