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NYSE:MACMacerich Stock Price, Forecast & News

$8.18
-0.05 (-0.61 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$8.09
Now: $8.18
$8.84
50-Day Range
$7.60
MA: $8.21
$8.98
52-Week Range
$4.54
Now: $8.18
$32.20
Volume9.04 million shs
Average Volume6.37 million shs
Market Capitalization$1.22 billion
P/E Ratio12.03
Dividend Yield4.89%
Beta1.71
Macerich, an S&P 500 company, is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago, and the New York Metro area to Washington, DC corridor. A recognized leader in sustainability, Macerich has earned Nareit's prestigious "Leader in the Light" award every year from 2014-2018. For the fourth straight year in 2018 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.8Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.53 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP55438210
Phone310-394-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$927.46 million
Cash Flow$3.29 per share
Book Value$20.04 per share

Profitability

Net Income$96.82 million

Miscellaneous

Employees715
Market Cap$1.22 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$8.18
-0.05 (-0.61 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Macerich (NYSE:MAC) Frequently Asked Questions

How has Macerich's stock price been impacted by COVID-19?

Macerich's stock was trading at $15.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MAC stock has decreased by 46.8% and is now trading at $8.18.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Macerich?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 7 sell ratings and 10 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Macerich
.

When is Macerich's next earnings date?

Macerich is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Macerich
.

How were Macerich's earnings last quarter?

Macerich Co (NYSE:MAC) posted its quarterly earnings data on Tuesday, August, 11th. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.30) by $0.12. The real estate investment trust earned $168.70 million during the quarter, compared to analyst estimates of $200.70 million. Macerich had a return on equity of 3.38% and a net margin of 10.40%. The company's revenue for the quarter was down 25.9% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS.
View Macerich's earnings history
.

How often does Macerich pay dividends? What is the dividend yield for Macerich?

Macerich declared a quarterly dividend on Friday, July 24th. Shareholders 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 yield of 7.33%. The ex-dividend date of this dividend is Tuesday, August 18th.
View Macerich's dividend history
.

What price target have analysts set for MAC?

17 Wall Street analysts have issued 12-month price targets for Macerich's stock. Their forecasts range from $5.50 to $33.00. On average, they expect Macerich's stock price to reach $15.26 in the next year. This suggests a possible upside of 86.6% from the stock's current price.
View analysts' price targets for Macerich
.

Has Macerich been receiving favorable news coverage?

News stories about MAC stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macerich earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about Macerich
.

Are investors shorting Macerich?

Macerich saw a increase in short interest in February. As of February 15th, there was short interest totaling 38,240,000 shares, an increase of 11.3% from the January 31st total of 34,350,000 shares. Based on an average trading volume of 3,100,000 shares, the days-to-cover ratio is currently 12.3 days. Currently, 27.3% of the company's shares are sold short.
View Macerich's Short Interest
.

Who are some of Macerich's key competitors?

What other stocks do shareholders of Macerich own?

Who are Macerich's key executives?

Macerich's management team includes the following people:
  • Mr. Thomas E. O'Hern CPA, CEO & Director (Age 63)
  • Mr. Edward C. Coppola, Pres & Director (Age 64)
  • Mr. Scott W. Kingsmore, Exec. VP, CFO & Treasurer
  • Mr. Christopher J. Zecchini, Sr. VP & Chief Accounting Officer (Age 55)
  • Mr. J. P. Jones, Sr. VP & Chief Information Officer

What is Macerich's stock symbol?

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

Who are Macerich's major shareholders?

Macerich's stock is owned by a variety of institutional and retail investors. Top institutional investors include Ontario Teachers Pension Plan Board (16.44%), Bank of New York Mellon Corp (1.45%), Goldman Sachs Group Inc. (0.85%), Prudential Financial Inc. (0.56%), Duality Advisers LP (0.54%) and Creative Planning (0.53%). 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
.

Which major investors are selling Macerich stock?

MAC stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., New York State Common Retirement Fund, State Board of Administration of Florida Retirement System, Goldman Sachs Group Inc., Prudential Financial Inc., Oakwood Capital Management LLC CA, HighTower Advisors LLC, and Nisa Investment Advisors LLC.
View insider buying and selling activity for Macerich
.

Which major investors are buying Macerich stock?

MAC stock was acquired by a variety of institutional investors in the last quarter, including Ontario Teachers Pension Plan Board, Duality Advisers LP, Creative Planning, Principal Financial Group Inc., Great Lakes Advisors LLC, First Trust Advisors LP, SG Americas Securities LLC, and Advisors Asset Management Inc.. 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
.

How do I buy shares of 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.

What is Macerich's stock price today?

One share of MAC stock can currently be purchased for approximately $8.18.

How big of a company is Macerich?

Macerich has a market capitalization of $1.22 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.

What is Macerich's official website?

The official website for Macerich is www.macerich.com.

How can I contact Macerich?

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.

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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