|Bid||25.85 x 1300|
|Ask||26.20 x 1000|
|Day's Range||25.82 - 26.84|
|52 Week Range||25.53 - 48.02|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||45.70|
|Earnings Date||Feb 5, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||3.00 (11.32%)|
|1y Target Est||33.03|
S&P; Dow Jones Indices will make the following index adjustments to the S&P; 500, S&P; MidCap 400 and S&P; SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, December 23 to coincide with the December rebalance.
On December 3, the Macerich (NYSE: MAC) Company closed a $540.0 million loan on Kings Plaza in Brooklyn, NY. The new loan bears a fixed interest rate of 3.62% and matures on January 1, 2030. The former loan was $427.4 million, which was repaid at closing. Excess refinancing proceeds were used to repay a portion of the Company's revolving line of credit. In 2018, the Company invested $110 million to redevelop the former 4-level Sears store with Primark, Zara, JCPenney and Burlington, which also included a transformative renovation of the mall's exterior along Flatbush Avenue. The property generated $735 per square foot as of September 30, 2019.
Generally speaking long term investing is the way to go. But unfortunately, some companies simply don't succeed...
Realty Income's (O) January dividend payment marks the company's 594 successive monthly dividend payments and 89 consecutive quarterly increases through its 50-year operating history.
The addition of the first-to-market brand, Versace, to Macerich's (MAC) Scottsdale Fashion Square in Arizona will further strengthen the mall's existing solid tenant roster.
While Kimco Realty (KIM) will gain from its ownership of premium assets in key markets amid healthy job market and high consumer spending, e-retail boom and dispositions' dilutive impact are woes.
Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail properties in top markets, today announced that Versace, one of the leading global fashion design houses, will open its first Arizona store at Scottsdale Fashion Square.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
While Regency Centers (REG) benefits from premium portfolio of grocery-anchored shopping centers, choppiness in the retail real estate market is a concern.
The acquisition of single-tenant retail properties, with roughly 5.1 million leasable square feet upon completion, will offer Realty Income (O) a significant scale and competitive edge.
Luxury department store chain Lord & Taylor will close two of its Northern Virginia locations, laying off nearly 200 employees. Lord & Taylor stores at Tysons Corner Center and Dulles Town Center will lay off 117 and 79 employees, respectively, according to Work Adjustment and Retraining Notifications filed with the Virginia Employment Commission. "Lord & Taylor represents very attractive real estate at Tysons Corner Center and we are enthusiastic about future uses that will continue to add incredible energy to the plaza," a spokesman for The Macerich Co. (NYSE: MAC), owner of Tysons Corner Center, said in an email.
Tysons Corner Center evolved into a massive and successful mall, surrounded by a mix of development that served to create Fairfax County's first and only $1 billion property, due in large part to the work of one man: Chuck Cope. Charles R. Cope, a native of Indianapolis, died Nov. 20 from complications related to a liver transplant. Cope's first period as Tysons general manager was from 1985 to 1989.
While SL Green Realty's (SLG) opportunistic investment policy will enhance its overall portfolio, high supply of office assets will impact its ability to backfill near-term tenant move-outs.
SITE Centers' (SITC) capital recycling program is likely to boost long-term profitability. However, choppy retail real estate environment is a key concern.
Retail Properties (RPAI) recent lease deal with Shake Shack at Circle East redevelopment project aims at attracting young, well-off and educated shoppers.
Acadia Realty Trust's (AKR) strategic acquisitions and selective dispositions are in sync with the company's efforts of generating ample dry powder to execute its accretive external growth moves.
AMD’s (ticker: AMD) main products are processors in personal computers, servers, and graphics cards. The chip maker has been steadily gaining market share in high-growth areas like cloud computing. The jump came after the social media company revealed a new product called Facebook Pay.
Harkins Theatres is continuing to grow and improve its footprint across the metro Phoenix area with new build and renovation projects on both sides of the Valley.
Heading into the busy holiday shopping season, many of Phoenix’s top malls are reporting better sales than they were a year ago — but also have more vacant stores. Nonetheless, two of the region's upscale malls turned in the best performance across the Valley in the third quarter.