|Bid||50.17 x 3100|
|Ask||50.22 x 1000|
|Day's Range||49.75 - 50.37|
|52 Week Range||49.59 - 69.73|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||317.72|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||2.96 (5.91%)|
|1y Target Est||62.97|
Sears Holding Corp. (NASDAQ: SHLD) is preparing a bankruptcy filing, according to multiple media reports, and depending on how that goes it could leave multiple big-box retail stores vacant around the Phoenix area. The newspaper also reported some of Sears’ largest lenders are asking the company to liquidate rather than reorganize. Edward Lampert, Sears’ CEO, largest shareholder and largest creditor, is reportedly also looking for an out-of-court reorganization that would keep the company running but would mean closing a number of stores, selling off some brands and getting rid of more than $1 billion worth of real estate. No matter what path Sears management decides to take, there is a chance some, if not all, of the five remaining Sears stores around the Valley could shutter.
Nobu Restaurants, a popular high-end Japanese restaurant concept owned by celebrity chef Nobu Matsuhisa and Oscar-winner Robert De Niro, will be making its Arizona debut at Scottsdale Fashion Square. The restaurant will open just outside the mall’s new Neiman Marcus-anchored luxury wing, which is under construction right now. Nobu Scottsdale will be the market’s introduction to the popular restaurant chain, which has nearly 40 locations around the world, mostly in very affluent markets.
NEW YORK, Oct. 10, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
SANTA MONICA, Calif. , Oct. 9, 2018 /PRNewswire/ -- WHAT : Macerich (NYSE: MAC) Schedules Third Quarter 2018 Earnings Release WHEN: Earnings Results will be released after market close on Wednesday, October ...
Macerich Company is a US$8.62b mid-cap, real estate investment trust (REIT) based in Santa Monica, United States. REIT shares give you ownership of the company than owns and manages variousRead More...
Dirty Lemon's first store opens this week. Dirty Lemon, a beverage brand that was born online and developed a cult-like following via millennials' Instagram posts, is opening its first store this week. Moving somewhat in reverse, Dirty Lemon is opening its first bricks-and-mortar location as many brands are trimming back their physical footprints.
Simon Property Group (SPG) and Macerich's (MAC) collaboration for Los Angeles Premium Outlets will help leverage on improving spending habits of wealthier customers amid improving economy.
SANTA MONICA, Calif. and INDIANAPOLIS, Sept. 11, 2018 /PRNewswire/ -- Macerich (MAC), one of the nation's leading owners, operators and developers of major retail properties in top markets, and Simon (SPG), a global leader in premier shopping, dining, entertainment, and mixed-use destinations, today announced the formation of a 50/50 joint venture to create Los Angeles Premium Outlets, a state-of-the-art Premium Outlet center. Macerich and Simon will co-develop and jointly lease LA's newest outlet, designed to open with 400,000 square feet, followed by an additional 166,000 square feet in its second phase.
Macerich's (MAC) efforts to revamp its properties, leasing of co-working spaces and portfolio expansion to drive its long-term growth. However, online sales boom will likely impede near-term growth.
Macerich (MAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.
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 ...