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The Macerich Company (MAC)

NYSE - NYSE Delayed Price. Currency in USD
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13.43-0.30 (-2.18%)
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Short-term KST

Short-term KST

Previous Close13.73
Bid13.35 x 1100
Ask13.45 x 800
Day's Range12.53 - 14.13
52 Week Range4.81 - 25.99
Avg. Volume8,388,622
Market Cap2.079B
Beta (5Y Monthly)1.99
PE Ratio (TTM)N/A
EPS (TTM)-1.58
Earnings DateMay 10, 2021 - May 14, 2021
Forward Dividend & Yield0.60 (4.47%)
Ex-Dividend DateFeb 18, 2021
1y Target Est11.86
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.
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    Here Are The Stocks With The Highest Short Interest Rate

    Short interest rates can be used to predict the potential direction of an individual stock. When stocks have a high short interest rate that's a good indicator that investors believe their share prices will decline soon. Here are the stocks on the market with the highest short interest including Tanger Factory Outlet Centers, Ligand Pharmaceuticals, Macerich, Mallinckrodt PLC, and Briggs & Stratton Corp. 1. Ligand Pharmaceuticals Inc- 62.24% Ligand Pharmaceuticals (NYSE: LGND) is a biopharmaceutical company that develops and acquires technologies to benefit pharmaceutical companies. Their primary focus is on drug discovery, early-stage drug development, product reformulation, and partnering. Ligand Pharmaceuticals has consistently had one of the highest short interest percentages of any biotech on the stock market. 2. Macerich Co- 52.55% Macerich Co (NYSE: MAC) is a real investment trust company that invests in shopping centers across the United States. Macerich owns interest in 52 properties and is one of the country's leading owners, operators, and developers of major retail real estate. Macerich recently announced a quarterly cash dividend of 15 cents per share that will be paid out on March 3th 3. Mallinckrodt PLC- 50.77% Mallinckrodt Pharmaceuticals (NYSE: MNKKQ) focuses on developing innovative therapies and cutting-edge technologies for critical health conditions. They offer advanced medical solutions to better serve all of their patients and dedicated customers. In 2020 shares of the stock dropped after the company announced it had filed for Chapter 11 Bankruptcy. 4. Tanger Factory Outlet Centers, Inc - 50.56% Tanger Factory Outlet Centers (NYSE: SKT) is a real estate investment trust that targets shopping centers that have outlet centers. They own and operate 37 open-air outlet centers in the United States and Canada. Tanger reported strong fourth quarter earnings and the stock has risen by up to 75% this year. 5. Briggs & Stratton Corp- 45.81% Briggs & Stratton Corp (NYSE: BGGSQ) is an American Fortune 1000 manufacturer of gasoline engines. They produce gasoline engines, lawn equipment, and commercial engines for companies across the world. Briggs & Stratton Corp anticipates a full-year sales growth of approximately 3.5% which is down from last year. If you are new to investing, you should consider consulting a financial advisor to help you with your investment strategy. See more from BenzingaClick here for options trades from BenzingaLet's Take A Look At This Weeks Top-Performing SectorsHow Much Would You Have Made If You Invested 00 In Walmart 10 Years Ago?© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Mall Owner Macerich Taps PJT Partners to Help Wrangle Debt

    Mall Owner Macerich Taps PJT Partners to Help Wrangle Debt

    (Bloomberg) -- Mall owner Macerich Co. tapped PJT Partners Inc. for help managing its debt load as pandemic-related closures and retailer bankruptcies crimp its cash flows, according to people with knowledge of the matter.PJT, an investment bank with specialties including debt restructuring, will advise the real estate investment trust on options for a $1.5 billion revolving credit facility that comes due in July, said the people, who asked not to be named discussing private negotiations.Representatives for Santa Monica, California-based Macerich and PJT didn’t provide comment. The REIT’s shares fell more than 5% to as low as $12.66 after Bloomberg reported the hire. The stock closed at $13.15. Macerich is grappling with some of the same liquidity problems hitting mall owners across the U.S. During government-mandated closures last year, many tenants withheld rent, creating a $52 billion revenue hole for retail-related property owners as of November, according to CoStar Group Inc.The stock briefly caught the attention of online day traders, who sent shares surging to more than $22 last month in a bid to squeeze short sellers.One Reddit user touted Macerich as “GameStop’s landlord,” saying it has “the potential to offer a GME-like short squeeze, but with better downside protection.”Earnings SlipAs more retailers succumb to bankruptcy, it’s becoming increasingly difficult for landlords to fill their spaces at sustainable rents.Macerich recently extended the maturities on three of its mall loans, pushing out more than $300 million of debt until at least 2022, according to company filings.The company’s fourth-quarter results slipped amid rent deferrals and lower mall occupancy, according to its latest earnings statement. Occupancy stood at around 90% at year-end, down from 94% a year earlier and the lowest since the financial crisis, Chief Executive Officer Thomas O’Hern said on a Feb. 11 call to discuss the results.O’Hern said the pandemic had accelerated the bankruptcies of troubled retailers in 2020 and that he expects a gradual recovery for mall owners as consumers return to shopping in stores. After the last financial crisis, it took the company two years to return to full occupancy, he said.Macerich was named as an unsecured creditor in the bankruptcy filing of Solstice Marketing Concepts LLC, the sunglasses retailer. Solstice sought Chapter 11 protection last week with plans to “rationalize” its leases and debt load.The company is uniquely positioned among mall owners thanks to its concentration in desirable markets in California, Arizona, New York and Washington, D.C., BTIG research analyst Jim Sullivan wrote in a note this month. Macerich owns 50 million square feet of real estate, most of which is in 47 regional shopping centers, according to filings.(Updates with closing share price in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Benzinga

    Ex-Dividend Date Insight: Macerich

    On January 28, 2021, Macerich (NYSE:MAC) declared a dividend payable on March 3, 2021 to its shareholders. Macerich also announced that shareholders on the company's books on or before February 19, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Macerich, which has a current dividend per share of $0.15, has an ex-dividend date scheduled for February 18, 2021. That equates to a dividend yield of 2.68% at current price levels. Understanding Ex-Dividend Dates' An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis. Macerich's Dividend Payouts And Yields Over the past year, Macerich has experienced an overall downward trend regarding its dividend payouts and yields. Last year on April 21, 2020 the company's payout was $0.4, which has since decreased by $0.25. Similarly, Macerich's dividend yield last year was 11.91%, which has since declined by 9.23%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. To read more about Macerich click here. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 11, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.