Macerich (MAC) Earning Somewhat Favorable News Coverage, Study Shows

News headlines about Macerich (NYSE:MAC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macerich earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.4350246677387 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern’s rankings:

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NYSE MAC traded down $1.14 on Monday, hitting $56.36. 1,892,570 shares of the company traded hands, compared to its average volume of 1,696,277. The company has a market capitalization of $8,099.00, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.17 and a beta of 0.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.88 and a current ratio of 0.88. Macerich has a 52-week low of $52.12 and a 52-week high of $69.73.

Macerich (NYSE:MAC) last released its earnings results on Monday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.11). The company had revenue of $245.30 million for the quarter, compared to analysts’ expectations of $237.90 million. Macerich had a net margin of 14.71% and a return on equity of 3.91%. Macerich’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. sell-side analysts forecast that Macerich will post 3.95 EPS for the current year.

Several analysts have commented on MAC shares. Royal Bank of Canada downgraded Macerich from an “outperform” rating to a “sector perform” rating and set a $66.00 target price on the stock. in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded Macerich from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Sandler O’Neill restated a “hold” rating and issued a $71.00 price target on shares of Macerich in a research note on Tuesday, January 23rd. Barclays dropped their price target on Macerich from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Finally, BMO Capital Markets set a $62.00 price target on Macerich and gave the stock a “hold” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.10.

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Macerich Company Profile

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers.

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