MAC - The Macerich Company
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 9.36 |
| Open | 10.99 |
| Bid | 11.47 x 800 |
| Ask | 11.40 x 1800 |
| Day's Range | 10.80 - 11.76 |
| 52 Week Range | 4.81 - 35.94 |
| Volume | 19,574,585 |
| Avg. Volume | 8,265,756 |
| Market Cap | 1.58B |
| Beta (5Y Monthly) | 0.81 |
| PE Ratio (TTM) | 19.58 |
| EPS (TTM) | 0.57 |
| Earnings Date | Jul 30, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | 0.40 (4.27%) |
| Ex-Dividend Date | Apr 21, 2020 |
| 1y Target Est | 11.10 |
Fair Value
Related Research
- Motley Fool
Why Mall REITs Macerich, Simon, Tanger, and Penn REIT Jumped on June 5
The market was in a good mood, taking the mall REITs along with it. There's a very good reason for that, and for not getting too upbeat.
- Benzinga
Benzinga's Top Upgrades, Downgrades For June 4, 2020
Upgrades * For American Eagle Outfitters Inc (NYSE: AEO), Morgan Stanley upgraded the stock from Underweight to Equal-Weight. For the first quarter, American Eagle Outfitters had an EPS of ($0.84), compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $19.90 and a 52-week-low of $6.54. American Eagle Outfitters's stock last closed at $11.81 per share. * For Comerica Inc (NYSE: CMA), B. Riley FBR upgraded the stock from Neutral to Buy. In the first quarter, Comerica showed an EPS of ($0.46), compared to $2.08 from the year-ago quarter. The stock has a 52-week-high of $74.11 and a 52-week-low of $24.28. Comerica's stock last closed at $40.04 per share. * Oppenheimer upgraded the stock for Sally Beauty Holdings Inc (NYSE: SBH) from Perform to Outperform. Sally Beauty Holdings earned $0.23 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $21.98 and a 52-week-low of $6.28. Sally Beauty Holdings's stock last closed at $15.21 per share. * Citigroup changed the rating for SeaWorld Entertainment Inc (NYSE: SEAS) from Neutral to Buy. In the first quarter, SeaWorld Entertainment showed an EPS of ($0.72), compared to ($0.41) from the year-ago quarter. The stock has a 52-week-high of $36.96 and a 52-week-low of $6.75. SeaWorld Entertainment's stock last closed at $18.57 per share. * Baird changed the rating for Sykes Enterprises Inc (NASDAQ: SYKE) from Neutral to Outperform. Sykes Enterprises earned $0.44 in the first quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $38.24 and a 52-week-low of $22.12. Sykes Enterprises's stock last closed at $28.58 per share. * For Targa Resources Corp (NYSE: TRGP), Barclays upgraded the stock from Equal-Weight to Overweight. In the first quarter, Targa Resources showed an EPS of $0.00, compared to ($0.30) from the year-ago quarter. The stock has a 52-week-high of $43.47 and a 52-week-low of $3.66. Targa Resources's stock last closed at $20.47 per share. * Bernstein upgraded the stock for Tyson Foods Inc (NYSE: TSN) from Market Perform to Outperform. In the second quarter, Tyson Foods showed an EPS of $0.77, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $94.24 and a 52-week-low of $42.57. Tyson Foods's stock last closed at $60.09 per share. * Deutsche Bank upgraded the stock for Wells Fargo & Co (NYSE: WFC) from Hold to Buy. Wells Fargo earned $0.80 in the first quarter, compared to $1.20 in the year-ago quarter. The stock has a 52-week-high of $54.75 and a 52-week-low of $22.00. Wells Fargo's stock last closed at $28.81 per share. * For Methanex Corp (NASDAQ: MEOH), ScotiaBank upgraded the stock from Sector Perform to Sector Outperform. In the first quarter, Methanex showed an EPS of $0.10, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $47.55 and a 52-week-low of $9.00. Methanex's stock last closed at $19.42 per share. * For Evergy Inc (NYSE: EVRG), Evercore ISI Group upgraded the stock from In-Line to Outperform. Evergy earned $0.41 in the first quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $76.57 and a 52-week-low of $42.01. Evergy's stock last closed at $63.44 per share. Downgrades * Pareto changed the rating for International Seaways Inc (NYSE: INSW) from Buy to Hold. For the first quarter, International Seaways had an EPS of $1.49, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $31.39 and a 52-week-low of $14.89. International Seaways's stock last closed at $20.74 per share. * Citigroup changed the rating for Qudian Inc (NYSE: QD) from Neutral to Sell. Qudian earned ($0.50) in the first quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $9.21 and a 52-week-low of $1.21. Qudian's stock last closed at $1.54 per share. * Pareto changed the rating for Scorpio Tankers Inc (NYSE: STNG) from Buy to Hold. For the first quarter, Scorpio Tankers had an EPS of $0.82, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $40.45 and a 52-week-low of $12.35. Scorpio Tankers's stock last closed at $16.91 per share. * For Goldman Sachs Group Inc (NYSE: GS), Deutsche Bank downgraded the stock from Buy to Hold. Goldman Sachs Group earned $3.11 in the first quarter, compared to $5.71 in the year-ago quarter. The stock has a 52-week-high of $250.46 and a 52-week-low of $130.85. Goldman Sachs Group's stock last closed at $210.63 per share. * For Planet Fitness Inc (NYSE: PLNT), Raymond James downgraded the stock from Outperform to Market Perform. For the first quarter, Planet Fitness had an EPS of $0.16, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $88.77 and a 52-week-low of $23.77. Planet Fitness's stock last closed at $77.27 per share. Initiations * Guggenheim initiated coverage on BioXcel Therapeutics Inc (NASDAQ: BTAI) with a Buy rating. The price target for BioXcel Therapeutics is set at $101.00. BioXcel Therapeutics earned ($0.79) in the first quarter, compared to ($0.46) in the year-ago quarter. The stock has a 52-week-high of $51.83 and a 52-week-low of $3.76. BioXcel Therapeutics's stock last closed at $45.14 per share. * Roth Capital initiated coverage on Delcath Systems Inc (NASDAQ: DCTH) with a Buy rating. The price target for Delcath Systems is set at $20.00. In the first quarter, Delcath Systems showed an EPS of ($108.07), compared to ($0.11) from the year-ago quarter. The stock has a 52-week-high of $13.00 and a 52-week-low of $6.06. Delcath Systems's stock last closed at $7.75 per share. * With a rating of Neutral, Compass Point initiated coverage on Macerich Co (NYSE: MAC). The price target is set at $9.00 for Macerich. Macerich earned $0.81 in the first quarter, compared to $0.81 in the year-ago quarter. The stock has a 52-week-high of $37.82 and a 52-week-low of $4.81. Macerich's stock last closed at $8.58 per share. * With a rating of Overweight, Barclays initiated coverage on Plug Power Inc (NASDAQ: PLUG). The price target is set at $7.00 for Plug Power. In the first quarter, Plug Power showed an EPS of ($0.12), compared to ($0.15) from the year-ago quarter. The stock has a 52-week-high of $6.05 and a 52-week-low of $1.86. Plug Power's stock last closed at $4.17 per share. * With a rating of Outperform, RBC Capital initiated coverage on Provention Bio Inc (NASDAQ: PRVB). The price target is set at $25.00 for Provention Bio. For the first quarter, Provention Bio had an EPS of $0.26, compared to year-ago quarter EPS of ($0.29). The stock has a 52-week-high of $22.82 and a 52-week-low of $4.00. Provention Bio's stock last closed at $14.48 per share. * With a rating of Sell, Compass Point initiated coverage on Tanger Factory Outlet Centers Inc (NYSE: SKT). The price target is set at $6.00 for Tanger Factory Outlet. For the first quarter, Tanger Factory Outlet had an EPS of $0.50, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $17.94 and a 52-week-low of $4.05. Tanger Factory Outlet's stock last closed at $7.41 per share. * With a rating of Neutral, Compass Point initiated coverage on Taubman Centers Inc (NYSE: TCO). The price target is set at $42.00 for Taubman Centers. In the first quarter, Taubman Centers showed an EPS of $0.88, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $53.40 and a 52-week-low of $26.24. Taubman Centers's stock last closed at $42.42 per share. * KeyBanc initiated coverage on PPD Inc (NASDAQ: PPD) with an Overweight rating. The price target for PPD is set at $35.00. In the first quarter, PPD earned $0.24. The stock has a 52-week-high of $33.23 and a 52-week-low of $10.61. PPD's stock last closed at $28.59 per share. * H.C. Wainwright initiated coverage on Actinium Pharmaceuticals Inc (AMEX: ATNM) with a Buy rating. The price target for Actinium Pharmaceuticals is set at $3.00. For the fourth quarter, Actinium Pharmaceuticals had an EPS of ($0.03), compared to year-ago quarter EPS of ($0.05). The stock has a 52-week-high of $0.41 and a 52-week-low of $0.16. Actinium Pharmaceuticals's stock last closed at $0.22 per share.See more from Benzinga * Duluth Holdings: Q1 Earnings Insights * Recap: Toro Q2 Earnings * Recap: Orion Energy Systems Q4 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Motley Fool
Why Shares of Macerich, Brixmor, and STORE Capital Jumped as Much as 13% Today
Maybe, just maybe, the reopening of the U.S. economy will go better than people were hoping. If so, these REITs could be big winners.
- PR Newswire
Macerich Announces Results Of Dividend Payable On June 3, 2020
The Macerich Company ("Macerich") (NYSE: MAC) announced today the results of stockholder elections relating to its quarterly dividend declared by its Board of Directors on March 14, 2020. The dividend of $0.50 per share of Macerich's common stock, par value $0.01 per share (the "Common Stock"), consisting of a combination of cash and shares of Common Stock, will be paid on June 3, 2020 to stockholders of record on April 22, 2020.
- PR Newswire
20 Macerich Properties Now Fully Open
Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail properties in top markets, today announced that 20 major retail properties – including 11 in Arizona – are now fully open and welcoming shoppers with enhanced sanitation practices and social distancing protocols in place. In accordance with relevant state and local regulation, the company anticipates being able to open a total of approximately 35 centers by the end of May, with the vast majority of its centers to be reopened by the middle of June.
- Motley Fool
Why Mall REITs Like Macerich, Simon, and Penn REIT Fell Sharply on May 13
The pain started with Tanger, but quickly spread to the entire mall REIT sector. Investors are still absorbing earnings.
- Zacks
Macerich's (MAC) Q1 FFO and Revenues Surpass Estimates
Macerich's (MAC) Q1 performance highlights better-than-expected revenue numbers and healthy leasing volumes.
- Thomson Reuters StreetEvents
Edited Transcript of MAC earnings conference call or presentation 12-May-20 5:00pm GMT
Q1 2020 Macerich Co Earnings Call
- Motley Fool
Macerich Co (MAC) Q1 2020 Earnings Call Transcript
Joining us today are Tom O'Hern, Chief Executive Officer; Scott Kingsmore, Senior Executive Vice President and Chief Financial Officer; and Doug Healey, Senior Executive Vice President, Leasing. Thank you, Tom.
- Quartz
With commercial rents going unpaid, America’s malls are rushing to reopen
Malls and outlet stores in the US are dealing with "haphazard" rules, social distancing guidelines, and huge unsold inventories
- Reuters
US STOCKS-S&P 500 subdued on risks linked to reopening of economy
The S&P 500 struggled for direction on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns. Among the 11 major sectors, financial stocks, which generally lag when the economic outlook dims, weighed the most on the S&P 500. Optimism about an economic recovery and massive stimulus measures have helped the benchmark index climb about 34% from the lows of a pandemic-driven selloff in March.
- Reuters
US STOCKS-Wall Street dips on risks linked to reopening of economy
Among the 11 major sectors, financial stocks, which generally lag when the economic outlook darkens, weighed the most on the S&P 500. Optimism about an economic recovery and massive stimulus measures have helped the benchmark index climb about 34% from the lows of a pandemic-driven selloff in March. Leading U.S. infectious disease expert Anthony Fauci on Tuesday warned Congress that while the federal government is working to help manufacture a vaccine against the new coronavirus, its development "might take some time" to come to market.
- Reuters
US STOCKS-Futures edge higher on hopes of economic recovery
U.S. stock index futures ticked higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon. Adding to the upbeat mood, China announced a new list of 79 U.S. products including ores of rare earth metals, gold ores and silver ores for waivers from retaliatory tariffs.
- Zacks
Macerich (MAC) Q1 FFO and Revenues Surpass Estimates
Macerich (MAC) delivered FFO and revenue surprises of 2.53% and 1.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
Macerich Announces Quarterly Results
The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended March 31, 2020, which included net income attributable to the Company of $7.5 million or $.05 per share-diluted for the quarter ended March 31, 2020 compared to net income of $7.8 million or $.05 per share-diluted attributable to the Company for the quarter ended March 31, 2019. For the first quarter 2020, funds from operations ("FFO")-diluted, excluding financing expense in connection with Chandler Freehold and loss on extinguishment of debt was $122.7 million or $.81 per share-diluted compared to $122.3 million or $.81 per share-diluted for the quarter ended March 31, 2019. A description and reconciliation of earnings per share ("EPS")-diluted to FFO per share-diluted, excluding financing expense in connection with Chandler Freehold and loss on extinguishment of debt is included within the financial tables accompanying this press release.
- Zacks
Do Options Traders Know Something About Macerich (MAC) Stock We Don't?
Investors need to pay close attention to Macerich (MAC) stock based on the movements in the options market lately.
- Reuters
U.S. landlords, retailers play hardball as mall rent collections plunge
Tapestry Inc Chief Executive Officer Jide Zeitlin has been negotiating lower rents for the company's Coach and Kate Spade stores for more than a month, using the brands' power to draw in U.S. mall traffic as leverage in tough talks with landlords. Mall operators collected only 15% of April rent and trends are looking worse for May, according to CenterSquare Investment Management, which specializes in real estate. After a decade of change that has shaken up the U.S. retail landscape and driven some out of business, Zeitlin says mall rents need to fall anyway for retailers' brick-and-mortar strategies to make sense.
- Motley Fool
Here's Why Macerich Stock Is Soaring Today
The stock market ended the week on a positive note, with the Dow Jones Industrial Average and S&P 500Â up by 1.5% and 1.4%, respectively, as of 3 p.m. EDT. Mall operator Macerich (NYSE: MAC) was a particular standout, with the retail REIT's shares up by nearly 11%. This is especially true with outdoor (open-air) shopping centers.
- Zacks
Lamar (LAMR) Q1 FFO Misses, Revenues Beat Estimates, Stock Up
Lamar Advertising (LAMR) registers growth in operating income for Q1 but plans a reduction in capital expenditure for the year amid the choppiness in the market.
- Motley Fool
Why Mall REITs Simon, Tanger, and Macerich All Scored Big Gains in April
The dour mood on Wall Street appears to have reversed, but the problems this trio of REITs faces are far from over.
- PR Newswire
Macerich Schedules First Quarter 2020 Earnings Release And Conference Call
WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2020 Earnings Release
- Motley Fool
Why Stock for Macerich and Penn REITs Jumped for the Third Day in a Row
Investors clearly think the future looks brighter for mall owners than it did just a short while ago. But does it really?
- Motley Fool
Why Macerich, Taubman, Tanger, and Other Mall REITs Shot Higher Today
After notable moves on Monday, real estate investment trusts (REITs) that own enclosed malls and factory outlet centers rose sharply for a second day. Macerich (NYSE: MAC) jumped nearly 13% in early trading today, with Tanger Factory Outlet Centers (NYSE: SKT) rising 15% and Taubman Centers (NYSE: TCO) 16.5%. Other big names in the sector also saw quick price gains, including Pennsylvania REIT (NYSE: PEI) and industry giant Simon Property Group (NYSE: SPG), which CNBC reported has started to make plans to reopen some of its malls and outlet centers.
- GuruFocus.com
Smead Value Fund's Biggest 1st-Quarter Buys
These are the contrarian fund's top picks in the embattled oil and housing sectors Continue reading...
- Barrons.com
Retailers Aren’t Paying Their Rent. It’s Bad News for REITs’ Dividends
It isn’t yet clear how many retailers will pay rent in April, but the numbers aren’t looking good for investors who own shopping-mall properties.
