Macerich Company (The) (MAC) Earning Somewhat Positive Press Coverage, Study Finds
Headlines about Macerich Company (The) (NYSE:MAC) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.3266666417947 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- New retail casualty: See who filed for bankruptcy and is closing stores (bizjournals.com)
- Macerich Company (The) (MAC) Rating Reiterated by KeyCorp (americanbankingnews.com)
- $240.77 Million in Sales Expected for Macerich Company (The) (MAC) This Quarter (americanbankingnews.com)
- Equities Analysts Offer Predictions for Macerich Company (The)’s FY2017 Earnings (MAC) (americanbankingnews.com)
- Vanguard Group Inc Sells A Lot More Macerich Company (The) (MAC) Stock In The Last Quarter (highlightpress.com)
Several equities analysts have recently issued reports on MAC shares. Barclays PLC reduced their target price on Macerich Company (The) to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. KeyCorp reaffirmed a “buy” rating and issued a $75.00 target price on shares of Macerich Company (The) in a report on Monday, August 28th. ValuEngine lowered Macerich Company (The) from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. reaffirmed a “neutral” rating on shares of Macerich Company (The) in a report on Thursday, May 11th. Finally, BidaskClub raised Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Macerich Company (The) has a consensus rating of “Hold” and an average target price of $69.79.
Shares of Macerich Company (NYSE MAC) opened at 53.29 on Friday. The stock has a market cap of $7.54 billion, a P/E ratio of 52.40 and a beta of 0.77. Macerich Company has a 52-week low of $52.55 and a 52-week high of $83.71. The firm’s 50 day moving average price is $56.65 and its 200 day moving average price is $60.51.
Macerich Company (The) (NYSE:MAC) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. The firm had revenue of $247.20 million during the quarter, compared to the consensus estimate of $218.62 million. During the same quarter in the previous year, the firm posted $1.02 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts expect that Macerich Company will post $1.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 18th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Wednesday, August 16th. Macerich Company (The)’s payout ratio is 278.43%.
In other news, CEO Arthur M. Coppola sold 100,000 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $58.13, for a total transaction of $5,813,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.75% of the company’s stock.
About Macerich Company (The)
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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