NYSE:MACMacerich Stock Price, Forecast & News

Macerich's stock was trading at $15.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MAC stock has decreased by 55.7% and is now trading at $6.81. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 5 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macerich.

Macerich is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Macerich.

Macerich Co (NYSE:MAC) released its quarterly earnings data on Tuesday, May, 12th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The real estate investment trust earned $227 million during the quarter, compared to the consensus estimate of $214.96 million. Macerich had a net margin of 10.40% and a return on equity of 3.38%. Macerich's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. View Macerich's earnings history.

Macerich announced a quarterly dividend on Monday, March 16th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $0.50 per share on Wednesday, June 3rd. This represents a $2.00 annualized dividend and a yield of 29.37%. The ex-dividend date of this dividend is Tuesday, April 21st. View Macerich's dividend history.

14 equities research analysts have issued 1 year target prices for Macerich's shares. Their forecasts range from $5.00 to $34.00. On average, they expect Macerich's stock price to reach $18.93 in the next year. This suggests a possible upside of 177.9% from the stock's current price. View analysts' price targets for Macerich.

News stories about MAC stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Macerich earned a coverage optimism score of -2.5 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutMacerich.

Macerich saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 38,330,000 shares, an increase of 25.5% from the April 30th total of 30,540,000 shares. Based on an average daily trading volume, of 7,080,000 shares, the short-interest ratio is presently 5.4 days. Approximately 27.3% of the shares of the company are short sold. View Macerich's Current Options Chain.

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

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

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

Macerich's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.82%), Cohen & Steers Inc. (5.78%), State Street Corp (4.51%), Morgan Stanley (3.09%), Morgan Stanley (3.09%) and Smead Capital Management Inc. (2.94%). Company insiders that own Macerich stock include Andrea M Stephen, Ann C Menard, Arthur M Coppola, Christopher J Zecchini, Dana K Anderson, Daniel J Hirsch, Doug J Healey, Edward C Coppola, Hern Thomas E O, John H Alschuler Jr, Kenneth Volk, Scott W Kingsmore, Steve Hash and Steven L Soboroff. View institutional ownership trends for Macerich.

MAC stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Invesco Ltd., Morgan Stanley, Morgan Stanley, Deutsche Bank AG, JPMorgan Chase & Co., Alliancebernstein L.P., and Janus Henderson Group PLC. View insider buying and selling activity for Macerich.

MAC stock was bought by a variety of institutional investors in the last quarter, including Smead Capital Management Inc., Nuveen Asset Management LLC, Two Sigma Investments LP, Balyasny Asset Management LLC, Prentice Capital Management LP, Two Sigma Advisers LP, Advisors Asset Management Inc., and Aperio Group LLC. Company insiders that have bought Macerich stock in the last two years include Andrea M Stephen, Ann C Menard, Dana K Anderson, Daniel J Hirsch, Doug J Healey, Edward C Coppola, Hern Thomas E O, John H Alschuler Jr, Kenneth Volk, Scott W Kingsmore, Steve Hash, and Steven L Soboroff. View insider buying and selling activity 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 $6.81.

Macerich has a market capitalization of $963.27 million 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.

The official website for Macerich is 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.