Macerich Stock Forecast, Price & 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 (WHO). Since then, MAC stock has decreased by 51.3% and is now trading at $7.49.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 8 sell ratings and 8 hold ratings 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, October 29th 2020.
View our earnings forecast for Macerich.

Macerich Co (NYSE:MAC) posted its quarterly earnings results on Tuesday, August, 11th. The real estate investment trust reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.12. The real estate investment trust earned $168.70 million during the quarter, compared to analysts' expectations of $200.70 million. Macerich had a net margin of 6.34% and a return on equity of 2.00%. The firm's revenue for the quarter was down 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS.
View Macerich's earnings history.

Macerich declared a quarterly dividend on Friday, July 24th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.15 per share on Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend is Tuesday, August 18th.
View Macerich's dividend history.

16 analysts have issued 12 month price objectives for Macerich's shares. Their forecasts range from $5.50 to $30.00. On average, they expect Macerich's stock price to reach $14.06 in the next year. This suggests a possible upside of 87.8% from the stock's current price.
View analysts' price targets for Macerich.

Macerich saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 75,510,000 shares, an increase of 12.6% from the July 30th total of 67,050,000 shares. Based on an average daily volume of 6,510,000 shares, the days-to-cover ratio is presently 11.6 days. Currently, 55.0% of the company's shares are short sold.
View Macerich's Short Interest.

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), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), Alexander's (ALX), Retail Opportunity Investments (ROIC), Getty Realty (GTY), Kite Realty Group Trust (KRG) and Acadia Realty Trust (AKR).
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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), AT&T (T), ANNALY CAP MGMT/SH (NLY), Wells Fargo & Company (WFC), Intel (INTC), Enterprise Products Partners (EPD), New Residential Investment (NRZ), AbbVie (ABBV) and Pfizer (PFE).

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 Ontario Teachers Pension Plan Board (16.44%), Vanguard Group Inc. (13.26%), Bank of New York Mellon Corp (1.45%), Nuveen Asset Management LLC (1.14%), Charles Schwab Investment Management Inc. (1.01%) and Goldman Sachs Group Inc. (0.85%). 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 Marshall Wace LLP, Russell Investments Group Ltd., New York State Common Retirement Fund, FIL Ltd, State Board of Administration of Florida Retirement System, Charles Schwab Investment Management Inc., Two Sigma Advisers LP, and tru Independence LLC.
View insider buying and selling activity for Macerich.

MAC stock was purchased by a variety of institutional investors in the last quarter, including Ontario Teachers Pension Plan Board, Nuveen Asset Management LLC, Duality Advisers LP, Creative Planning, Vanguard Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., and Great Lakes Advisors 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 $7.49.

Macerich has a market capitalization of $1.12 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 or via email at [email protected]