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

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

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.

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.

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.

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

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.

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.

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.

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.

Some companies that are related to Macerich include Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), SBA Communications (SBAC), Realty Income (O), Weyerhaeuser (WY), Boston Properties (BXP), Essex Property Trust (ESS), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Alexandria Real Estate Equities (ARE), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO) and Extra Space Storage (EXR).

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.

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.

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.

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.

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

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.

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.