Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Macerich (MAC) Share Price
Media stories about Macerich (NYSE:MAC) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Macerich earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.8498226310747 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Macerich Co/The (bloomberg.com)
- Trumbull mall’s owner to be sold (ctpost.com)
- Alibaba is crushing Amazon in transforming offline shopping (axios.com)
- With A Recent ROE Of 3.84%, Can Macerich Company (NYSE:MAC) Catch Up To Its Industry? (finance.yahoo.com)
- Coverage: Large mall operator Westfield being sold to French firm (talkingbiznews.com)
Macerich (NYSE MAC) traded up $0.30 during midday trading on Wednesday, reaching $66.77. 1,765,260 shares of the company’s stock traded hands, compared to its average volume of 1,487,730. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.25. The firm has a market cap of $8,909.52, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 2.96 and a beta of 0.88. Macerich has a 52 week low of $52.12 and a 52 week high of $73.34.
Macerich (NYSE:MAC) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.86). The company had revenue of $242.50 million during the quarter, compared to analyst estimates of $226.00 million. Macerich had a return on equity of 3.56% and a net margin of 14.92%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. sell-side analysts forecast that Macerich will post 3.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 4.43%. This is a positive change from Macerich’s previous quarterly dividend of $0.71. The ex-dividend date was Thursday, November 9th. Macerich’s dividend payout ratio (DPR) is currently 281.91%.
MAC has been the topic of a number of research analyst reports. KeyCorp reiterated a “buy” rating and issued a $75.00 target price on shares of Macerich in a research note on Monday, August 28th. Royal Bank of Canada reiterated a “buy” rating and issued a $66.00 target price on shares of Macerich in a research note on Thursday, November 2nd. Boenning Scattergood set a $75.00 target price on shares of Macerich and gave the company a “buy” rating in a research note on Wednesday, November 1st. Mizuho reiterated a “hold” rating and issued a $60.00 target price on shares of Macerich in a research note on Friday, November 10th. Finally, BidaskClub lowered shares of Macerich from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Two research analysts have 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. Macerich has an average rating of “Hold” and an average target price of $66.50.
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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