|Bid||51.26 x 800|
|Ask||70.00 x 900|
|Day's Range||57.19 - 57.92|
|52 Week Range||52.12 - 69.73|
|PE Ratio (TTM)||365.95|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||2.96 (5.03%)|
|1y Target Est||63.21|
The 635,000-square-foot "urban outlet" mall was originally slated to anchor the $1 billion Candlestick Point redevelopment. Then the national retail market hit major turbulence.
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
Investing for income usually results in quieter, and lower-risk, investment strategies. The best dividend stocks tend to be more mature and lower-growth, which is why they distribute cash to shareholders rather than reinvesting it in their businesses. The goal of most income investors is to protect principal by buying quality companies who will grow dividends over time, rather than chasing ‘hot’ stocks with higher risk.
What Lies Ahead for Simon Property in the Second Half of 2018? In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties. Notably, the company has spent ~$5 billion on development projects over the last five years.
SANTA MONICA, Calif. and NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Macerich (MAC), one of the nation's leading owners, operators, and developers of major retail properties in top markets, today announced a national partnership with premium workplace operator Industrious. Industrious is a leader in the burgeoning coworking space thanks to elegant, productivity-driven design paired with best-in-class hospitality. With nearly 50 locations in 33 cities, the company offers flexible, perk-filled workspaces for established companies ranging from SMBs to Fortune 500 brands, with household-name clients including Lyft, Hyatt, Pandora, Pinterest, Pfizer, Freddie Mac and more.
Across America, stores once occupied by now-bankrupt retailers like Toys R Us and Bon-Ton are being converted into shared office space. Shopping mall owners are increasingly turning to unconventional tenants to fill some of the estimated 200 million square feet of retail space that's closed or is expected to close since the beginning of 2017.
What Lies Ahead for Simon Property in the Second Half of 2018? Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances and also seen YoY improvements. Furthermore, Simon Property is focusing on transforming its properties by adding more hotels, restaurants, and luxury stores.
The Southern California mall operator has shifted its priority off mall's occupancy rates and toward higher sales per square foot.
NEW YORK, Aug. 03, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Eaton ...
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Macerich Company (NYSE: MAC ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 2:00 PM Eastern Time. To listen ...
Tanger Factory Outlet Centers (NYSE:SKT) has become a battleground stock. Some 27% of Tanger stock is sold short at the moment. Heading into its most recent earnings report, Tanger stock had bounced 20% from May lows.
Macerich's (MAC) Q2 results highlight robust growth in re-leasing spreads and high liquidity. However, fall in occupancy in the quarter remains a headwind for the company.
Macerich and Pennsylvania Real Estate Investment Trust, the companies redeveloping the Center City property, now say that the opening is set for November 2019 but progress is being made.
Denver-based Hyde Park Jewelers is bringing the high-end European-manufactured watches to the Macerich-owned mall.
Macerich (MAC) delivered earnings and revenue surprises of 0.00% and 9.49%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
SANTA MONICA, Calif. (AP) _ The Macerich Co. (MAC) on Wednesday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations. The real estate investment trust, based in Santa Monica, California, said it had funds from operations of $145.1 million, or 96 cents per share, in the period.
SANTA MONICA, Calif. , Aug. 1, 2018 /PRNewswire/ -- The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the quarter ended June 30, 2018 , which included net income attributable ...
Industrial Demand, Diversified Tenants to Aid Realty Income’s Q2Second-quarter expectations Realty Income (O) is scheduled to report its financial results for the second quarter of 2018 on August 1. Wall Street anticipates the commercial and industrial rental property operator to post AFFO (adjusted funds from operations) of $0.79 per share, which suggests a YoY (year-over-year) growth of 5.3%. Revenue is expected to increase ~9% YoY and reach $327.43 million. Driving factors Analysts seem to be backing their growth projection on rising demand and average rentals for industrial properties. ...
SANTA MONICA, Calif. , July 26, 2018 /PRNewswire/ -- The Board of Directors of The Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.74 per share of common stock. The dividend is payable ...
Simon Property Group (SPG) has been putting a lot of focus on the redevelopment and expansion of its properties. Over the last five years, the company has spent ~$5 billion on development projects. Under this plan, the company has been targeting the addition of luxury stores, hotels, and restaurants, as it believes these areas will not be affected by the rise of e-commerce.
Simon Property Group (SPG) is undertaking omni-channel retailing and portfolio-restructuring initiatives to maintain traffic amid the retail crisis. The company’s revenue losses due to some retailers leaving malls could more than offset the benefits it’s derived from its sales-boosting initiatives. Retail stores are experiencing falling traffic and sales as consumers turn away from visiting malls in favor of online shopping.
The three most noteworthy prospects as the week winds down are Regions Financial (NYSE:RF), Hormel Foods (NYSE:HRL) and Macerich (NYSE:MAC). If Regions Financial rings a bell as a trading prospect, there’s a reason. It was highlighted as a bearish/shorting possibility back on July 6, when it broke under its 200-day moving average line as well as below a well-established horizontal support line.
Macerich Co (NYSE: MAC ) stock has been on a lean run for some time now, prompting Goldman Sachs to revisit its bearish stance on the REIT. The Analyst Analyst Caitlin Burrows upgraded Macerich from ...