Macerich Company (The) (MAC) Getting Somewhat Positive Press Coverage, Report Finds
News coverage about Macerich Company (The) (NYSE:MAC) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macerich Company (The) earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.526720773348 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Macerich Announces Quarterly Results (finance.yahoo.com)
- Macerich reports 3Q results (finance.yahoo.com)
- Macerich Company (The) (MAC) Announces Earnings Results (americanbankingnews.com)
- Macerich Company (The) (MAC) Updates FY17 Earnings Guidance (americanbankingnews.com)
- Mall Pall (labusinessjournal.com)
Shares of Macerich Company (MAC) opened at 55.70 on Tuesday. Macerich Company has a 1-year low of $52.12 and a 1-year high of $73.34. The firm has a market capitalization of $7.88 billion, a PE ratio of 54.77 and a beta of 0.80. The company has a 50-day moving average of $55.85 and a 200-day moving average of $57.70.
Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.02). The business had revenue of $242.50 million during the quarter, compared to analyst estimates of $226.00 million. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Equities research analysts predict that Macerich Company will post $1.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $0.74 dividend. This is an increase from Macerich Company (The)’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Thursday, November 9th. Macerich Company (The)’s dividend payout ratio is presently 278.43%.
MAC has been the topic of a number of recent analyst reports. KeyCorp restated a “buy” rating and issued a $75.00 price target on shares of Macerich Company (The) in a report on Monday, August 28th. BidaskClub upgraded shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Barclays PLC lowered their price target on shares of Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Boenning Scattergood restated a “hold” rating on shares of Macerich Company (The) in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $66.93.
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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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