NYSE:MAC - Macerich Stock Price, Forecast & News

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

Macerich declared a quarterly dividend on Friday, January 31st. Investors of record on Friday, February 21st will be paid a dividend of $0.75 per share on Tuesday, March 3rd. This represents a $3.00 dividend on an annualized basis and a yield of 12.66%. The ex-dividend date of this dividend is Thursday, February 20th. View Macerich's Dividend History.

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

Macerich is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Macerich.

Macerich updated its FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share (EPS) guidance of $3.40-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.55.

13 Wall Street analysts have issued 12 month price objectives for Macerich's shares. Their forecasts range from $19.00 to $46.00. On average, they expect Macerich's share price to reach $28.31 in the next year. This suggests a possible upside of 19.4% from the stock's current price. View Analyst Price Targets for Macerich.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 6 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macerich.

News headlines about MAC stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macerich earned a news impact score of -3.6 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 news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Macerich.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Macerich investors own include Energy Transfer LP Unit (ET), Simon Property Group (SPG), AbbVie (ABBV), AT&T (T), Enbridge (ENB), New Residential Investment (NRZ), AGNC Investment (AGNC), Occidental Petroleum (OXY), Tanger Factory Outlet Centers (SKT) and Enterprise Products Partners (EPD).

Macerich's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Cohen & Steers Inc. (12.24%), State Street Corp (4.39%), Daiwa Securities Group Inc. (3.57%), Smead Capital Management Inc. (1.64%), Bank of New York Mellon Corp (1.49%) and Geode Capital Management LLC (1.25%). Company insiders that own Macerich stock include Andrea M Stephen, Arthur M Coppola, Christopher J Zecchini, Dana K Anderson, Daniel J Hirsch, Edward C Coppola, Hern Thomas E O, John H Alschuler Jr, Kenneth Volk, Scott W Kingsmore and Steve Hash. View Institutional Ownership Trends for Macerich.

MAC stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Cohen & Steers Inc., Geode Capital Management LLC, Goldman Sachs Group Inc., Sumitomo Mitsui Trust Holdings Inc., Presima Inc., Russell Investments Group Ltd. and Sei Investments Co.. Company insiders that have sold Macerich company stock in the last year include Christopher J Zecchini and Kenneth Volk. View Insider Buying and Selling for Macerich.

MAC stock was bought by a variety of institutional investors in the last quarter, including Smead Capital Management Inc., Renaissance Technologies LLC, Prudential Financial Inc., Principal Financial Group Inc., Alliancebernstein L.P., Daiwa Securities Group Inc., Bank of New York Mellon Corp and AXA. Company insiders that have bought Macerich stock in the last two years include Andrea M Stephen, Daniel J Hirsch, Edward C Coppola, Hern Thomas E O, John H Alschuler Jr, Kenneth Volk, Scott W Kingsmore and Steve Hash. 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, Robinhood, Fidelity and Charles Schwab.

One share of MAC stock can currently be purchased for approximately $23.70.

Macerich has a market capitalization of $3.35 billion 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.