MAC - The Macerich Company

NYSE - NYSE Delayed Price. Currency in USD
11.16
+1.80 (+19.23%)
At close: 4:00PM EDT
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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close9.36
Open10.99
Bid11.47 x 800
Ask11.40 x 1800
Day's Range10.80 - 11.76
52 Week Range4.81 - 35.94
Volume19,574,585
Avg. Volume8,265,756
Market Cap1.58B
Beta (5Y Monthly)0.81
PE Ratio (TTM)19.58
EPS (TTM)0.57
Earnings DateJul 30, 2020 - Aug 03, 2020
Forward Dividend & Yield0.40 (4.27%)
Ex-Dividend DateApr 21, 2020
1y Target Est11.10
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-27% Est. Return
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    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. 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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. 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  • Macerich Announces Results Of Dividend Payable On June 3, 2020
    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.

  • 20 Macerich Properties Now Fully Open
    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.

  • Why Mall REITs Like Macerich, Simon, and Penn REIT Fell Sharply on May 13
    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.

  • Macerich's (MAC) Q1 FFO and Revenues Surpass Estimates
    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

  • Macerich Co (MAC) Q1 2020 Earnings Call Transcript
    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.

  • With commercial rents going unpaid, America’s malls are rushing to reopen
    Quartz

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    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

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  • 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.

  • Macerich (MAC) Q1 FFO and Revenues Surpass Estimates
    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?

  • Macerich Announces Quarterly Results
    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.

  • Do Options Traders Know Something About Macerich (MAC) Stock We Don't?
    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

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  • Here's Why Macerich Stock Is Soaring Today
    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 500 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.

  • Lamar (LAMR) Q1 FFO Misses, Revenues Beat Estimates, Stock Up
    Zacks

    Lamar (LAMR) Q1 FFO Misses, Revenues Beat Estimates, Stock Up

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  • Why Mall REITs Simon, Tanger, and Macerich All Scored Big Gains in April
    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.

  • Macerich Schedules First Quarter 2020 Earnings Release And Conference Call
    PR Newswire

    Macerich Schedules First Quarter 2020 Earnings Release And Conference Call

    WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2020 Earnings Release

  • Why Stock for Macerich and Penn REITs Jumped for the Third Day in a Row
    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?

  • Why Macerich, Taubman, Tanger, and Other Mall REITs Shot Higher Today
    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.

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