News articles about Macerich Company (The) (NYSE:MAC) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macerich Company (The) earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.3561976668823 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Dealmakers go mall shopping, even if you don’t (chicagobusiness.com)
- Mall Short Sellers Feel Some Pain (finance.yahoo.com)
- Macerich Company (The) (MAC) to Post Q4 2017 Earnings of $1.12 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Macerich Co. : MAC-US: Dividend Analysis : November 10th, 2017 (record date) : By the numbers : November 13, 2017 (finance.yahoo.com)
- Zacks: Brokerages Anticipate Macerich Company (The) (MAC) Will Post Quarterly Sales of $240.67 Million (americanbankingnews.com)
Macerich Company (NYSE:MAC) traded up $0.69 during midday trading on Wednesday, reaching $64.76. The company had a trading volume of 2,900,800 shares, compared to its average volume of 1,457,827. Macerich Company has a 52 week low of $52.12 and a 52 week high of $73.34. The company has a market cap of $9,019.32, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 3.02 and a beta of 0.80. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85.
Macerich Company (The) (NYSE:MAC) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.86). Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. The business had revenue of $242.50 million during the quarter, compared to the consensus estimate of $226.00 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. Macerich Company (The)’s quarterly revenue was down 4.3% compared to the same quarter last year. equities research analysts anticipate that Macerich Company will post 3.95 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.74 per share. This is an increase from Macerich Company (The)’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, November 9th. Macerich Company (The)’s payout ratio is currently 281.91%.
Several research analysts have recently issued reports on the stock. Mizuho restated a “hold” rating and issued a $60.00 target price on shares of Macerich Company (The) in a report on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and issued a $66.00 target price on shares of Macerich Company (The) in a report on Thursday, November 2nd. Boenning Scattergood set a $75.00 price target on Macerich Company (The) and gave the stock a “buy” rating in a research note on Wednesday, November 1st. BMO Capital Markets set a $55.00 price target on Macerich Company (The) and gave the stock a “hold” rating in a research note on Monday, October 30th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $75.00 price target on shares of Macerich Company (The) in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.80.
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Macerich Company (The) Company Profile
The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in, The Macerich Partnership, L.P.
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