News articles about Macerich Company (The) (NYSE:MAC) have been trending somewhat positive on Wednesday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Macerich Company (The) earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.9456593220327 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Range Resources Corporation (NYSE:RRC) Experiences Heavier than Average Trading Volume (fishinghd.com)
- Application for former Sear’s building before Landmarks Commission (smdp.com)
- BMO Capital Markets Reiterates Hold Rating for Macerich Company (The) (MAC) (americanbankingnews.com)
- Why Is Macerich (MAC) Down 2.4% Since the Last Earnings Report? (finance.yahoo.com)
A number of research analysts recently weighed in on MAC shares. Mizuho downgraded Macerich Company (The) from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $84.00 to $63.00 in a research note on Tuesday, May 30th. ValuEngine downgraded Macerich Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Macerich Company (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $57.00 price target on shares of Macerich Company (The) in a research note on Monday, July 17th. Finally, Zacks Investment Research downgraded Macerich Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $68.36.
Macerich Company (NYSE MAC) opened at 53.62 on Wednesday. Macerich Company has a 12-month low of $52.12 and a 12-month high of $83.28. The stock has a 50 day moving average price of $55.87 and a 200 day moving average price of $59.90. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 52.72 and a beta of 0.78.
Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. The company had revenue of $247.20 million during the quarter, compared to analyst estimates of $218.62 million. During the same period in the previous year, the business earned $1.02 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts expect that Macerich Company will post $1.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Friday, August 18th were issued a $0.71 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.84 dividend on an annualized basis and a yield of 5.30%. Macerich Company (The)’s payout ratio is currently 278.43%.
In related news, CEO Arthur M. Coppola sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $58.13, for a total value of $5,813,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.75% of the stock is owned by insiders.
Macerich Company (The) Company Profile
The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in, The Macerich Partnership, L.P.
Receive News & Ratings for Macerich Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macerich Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.