NYSE:MACMacerich Stock Price, Forecast & News

Macerich's stock was trading at $15.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MAC stock has decreased by 40.1% and is now trading at $9.20. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 5 sell ratings, 9 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) announced its quarterly earnings data on Tuesday, May, 12th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.03. The real estate investment trust had revenue of $227 million for the quarter, compared to analysts' expectations of $214.96 million. Macerich had a net margin of 10.40% and a return on equity of 3.38%. Macerich's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. View Macerich's earnings history.

Macerich announced a quarterly dividend on Monday, March 16th. Shareholders 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 dividend on an annualized basis and a yield of 21.74%. The ex-dividend date is Tuesday, April 21st. View Macerich's dividend history.

15 brokerages have issued twelve-month price objectives for Macerich's shares. Their forecasts range from $5.00 to $34.00. On average, they anticipate Macerich's stock price to reach $18.26 in the next year. This suggests a possible upside of 98.5% from the stock's current price. View analysts' price targets for Macerich.

News coverage about MAC stock has been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing 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 closest to five being the most favorable. Macerich earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutMacerich.

Macerich saw a increase in short interest during 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 volume of 7,080,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 27.3% of the company's shares 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), Weingarten Realty Investors (WRI), Taubman Centers (TCO), Alexander's (ALX), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Getty Realty (GTY), 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 a variety of institutional and retail 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 acquired 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 $9.20.

Macerich has a market capitalization of $1.30 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.

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.