Macerich Company (The) (MAC) Given Daily Media Impact Score of 0.20
News coverage about Macerich Company (The) (NYSE:MAC) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest 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 coverage about the real estate investment trust an impact score of 45.5378751476635 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Macerich Company (The) (MAC) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Zacks: Analysts Anticipate Macerich Company (The) (NYSE:MAC) Will Post Quarterly Sales of $240.77 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Macerich Company (The) (NYSE:MAC) Will Announce Earnings of $0.99 Per Share (americanbankingnews.com)
- Hercules Capital, Inc. (HTGC) Position Maintained by Kempner Capital Management Inc (ismboard.com)
- Macerich Company (The)’s (NYSE:MAC) Hold Rating Reaffirmed at Boenning Scattergood (americanbankingnews.com)
Shares of Macerich Company (NYSE:MAC) traded down 2.02% during midday trading on Friday, reaching $56.72. The company’s stock had a trading volume of 1,682,781 shares. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 55.77 and a beta of 0.77. The company has a 50-day moving average price of $58.35 and a 200-day moving average price of $62.09. Macerich Company has a 12 month low of $54.98 and a 12 month high of $84.79.
Macerich Company (The) (NYSE:MAC) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.04. The firm had revenue of $247.20 million for the quarter, compared to analyst estimates of $218.62 million. Macerich Company (The) had a return on equity of 3.38% and a net margin of 14.39%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 EPS. Equities analysts expect that Macerich Company will post $1.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Friday, August 18th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Wednesday, August 16th. Macerich Company (The)’s dividend payout ratio (DPR) is 278.43%.
Several equities research analysts recently commented on the company. Barclays PLC lowered their price target on Macerich Company (The) from $66.00 to $63.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 19th. BidaskClub raised Macerich Company (The) from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine cut Macerich Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Boenning Scattergood reissued a “hold” rating on shares of Macerich Company (The) in a research note on Friday, August 4th. Finally, Mizuho cut Macerich Company (The) from a “buy” rating to a “neutral” rating and lowered their price target for the company from $84.00 to $63.00 in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. Macerich Company (The) has a consensus rating of “Hold” and an average price target of $70.46.
In other Macerich Company (The) news, CEO Arthur M. Coppola sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $58.13, for a total transaction of $5,813,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.75% of the stock is owned by insiders.
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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