MAC - Macerich Company

NYSE - NYSE Delayed Price. Currency in USD
27.21
-0.75 (-2.68%)
At close: 4:03PM EST

27.00 -0.21 (-0.77%)
After hours: 6:56PM EST

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Previous Close27.96
Open27.96
Bid26.74 x 900
Ask26.64 x 1800
Day's Range26.91 - 27.96
52 Week Range26.87 - 51.08
Volume2,386,112
Avg. Volume1,939,530
Market Cap3.844B
Beta (3Y Monthly)0.74
PE Ratio (TTM)47.74
EPS (TTM)0.57
Earnings DateFeb 5, 2020 - Feb 10, 2020
Forward Dividend & Yield3.00 (10.73%)
Ex-Dividend Date2019-11-07
1y Target Est36.72
  • GuruFocus.com

    Stocks That Fell to 3-Year Lows in the Week of Nov. 15

    HSBC Holdings, Macerich, AMC Networks and Taubman Centers present possible buying opportunities Continue reading...

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  • Barrons.com

    Not Every Mall Is Dying. Investors See Value in Retail Landlord.

    Does large-mall real estate investment trust Macerich have a future, and is it cheap? Two value funds think so.

  • Harkins moving forward with new projects in East, West Valley
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    Harkins moving forward with new projects in East, West Valley

    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.

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    Stocks That Fell to 3-Year Lows in the Week of Nov. 1

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  • These stocks have the highest dividend yields in the hot real-estate sector
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  • Thomson Reuters StreetEvents

    Edited Transcript of MAC earnings conference call or presentation 31-Oct-19 5:00pm GMT

    Q3 2019 Macerich Co Earnings Call

  • Forever 21 Plans to Close About 60 Fewer Stores After Rent Cuts
    Bloomberg

    Forever 21 Plans to Close About 60 Fewer Stores After Rent Cuts

    (Bloomberg) -- Forever 21 Inc. will keep open more than 60 U.S. stores previously set to shutter as part of the company’s bankruptcy restructuring after the retailer secured rent concessions from its biggest landlords, according to people with knowledge of the situation.It’s an early win for the fast-fashion company after it filed for Chapter 11 protection in September as talks with mall operators about a possible rescue broke down. The company had no plan for reorganization when it filed, and said it would close at least 178 U.S. stores and dozens more internationally as it worked toward a turnaround.Forever 21 is now targeting about 111 closures, one of the people said, asking not to be identified because the negotiations are private. The ultimate number is still in flux, and the final count could change, said the people.“Forever 21 was a top-10 tenant for most of the retail REITs we cover, so the landlords have been willing to be flexible about cutting deals,” said Jim Sullivan, an equity research analyst at BTIG who follows the commercial property industry.A representative for the retailer declined to comment.One of the landlords offering up rent breaks was regional mall operator Macerich Co., which hosts 28 Forever 21 stores. Macerich Chief Executive Officer Tom O’Hern told investors during an earnings call Thursday that his company was holding weekly negotiations with Forever 21 regarding stores set to close later this year or early 2020. “There will be rent concessions on many of the other stores,” he said.Forever 21 cited a disastrous international expansion effort as the primary factor behind its bankruptcy, saying in court documents that it was losing $10 million a month in Canada, Europe and Asia.It also said moving quickly would be critical to a successful turnaround. Still, the company has offered no updates and hasn’t returned to court since its first-day hearing on Sept. 30. A subsequent hearing set for Oct. 28 was canceled.While Forever 21 continues to seek ways to shed costs, the chain may need more than rent concessions to survive. It owed $244 million to vendors and millions of dollars more to landlords at the time of its Chapter 11 filing. It received only $75 million in new money as part of a financing package to take it through the court process, according to documents.The case is Forever 21 Inc., 19-12122, District of Delaware (Delaware)(Adds commentary from landlord Macerich in sixth paragraph)To contact the reporters on this story: Eliza Ronalds-Hannon in New York at eronaldshann@bloomberg.net;Lauren Coleman-Lochner in New York at llochner@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Boris Korby, Dawn McCartyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Macerich (MAC) Q3 FFO Meets Estimates, Leasing Revenues Dip
    Zacks

    Macerich (MAC) Q3 FFO Meets Estimates, Leasing Revenues Dip

    Macerich's (MAC) Q3 results reflect tenant sales growth as well as increase in average rent and releasing spreads, along with lower occupancy.

  • Macerich (MAC) Meets Q3 FFO Estimates
    Zacks

    Macerich (MAC) Meets Q3 FFO Estimates

    Macerich (MAC) delivered FFO and revenue surprises of 0.00% and -1.61%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Macerich Announces Quarterly Results

    SANTA MONICA, Calif. , Oct. 31, 2019 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended September 30, 2019 , which included net income attributable ...

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    Taubman Centers' (TCO) Q3 FFO & Revenues Miss Estimates

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  • What's in the Cards for Macerich (MAC) This Earnings Season?
    Zacks

    What's in the Cards for Macerich (MAC) This Earnings Season?

    Macerich (MAC) Q3 results likely to reflect benefits from portfolio-revamp moves for attracting new and productive tenants, while store closures and retailer bankruptcies might have played spoilsport.

  • Saratoga Hospital plans $4 million clinic at Wilton Mall
    American City Business Journals

    Saratoga Hospital plans $4 million clinic at Wilton Mall

    Saratoga Hospital is asking the state for permission to set up a primary care office inside Wilton Mall, a month after the hospital announced it will lease space at the shopping center.

  • PR Newswire

    Macerich Declares The Quarterly Dividend On Its Common Shares

    SANTA MONICA, Calif. , Oct. 24, 2019 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.75 per share of common stock.  The dividend is payable ...

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    Five Point sheds two-thirds of Candlestick retail space in shift to mixed-use office plans

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  • Hedge Funds Are Dumping Macerich Company (MAC)
    Insider Monkey

    Hedge Funds Are Dumping Macerich Company (MAC)

    Is Macerich Company (NYSE:MAC) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of […]

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  • PR Newswire

    Macerich Schedules Third Quarter 2019 Earnings Release And Conference Call

    SANTA MONICA, Calif. , Oct. 14, 2019 /PRNewswire/ -- WHAT : Macerich (NYSE: MAC) Schedules Third Quarter 2019 Earnings Release WHEN: Earnings Results will be released before market open on Thursday, October ...

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