News headlines about Macerich (NYSE:MAC) have trended positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macerich earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.3264000225692 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
Macerich (NYSE:MAC) opened at $62.97 on Friday. The firm has a market cap of $8,882.77, a price-to-earnings ratio of 59.97, a P/E/G ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.25. Macerich has a 1-year low of $52.12 and a 1-year high of $70.96.
Macerich (NYSE:MAC) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 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 analysts’ expectations of $226.00 million. Macerich had a return on equity of 3.56% and a net margin of 14.92%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. analysts expect that Macerich will post 3.94 earnings per share for the current fiscal year.
MAC has been the topic of several recent analyst reports. Jefferies Group reissued a “hold” rating and issued a $57.00 target price on shares of Macerich in a research note on Tuesday, September 26th. Evercore ISI cut Macerich from an “in-line” rating to an “underperform” rating and set a $62.00 price objective on the stock. in a research report on Monday, December 11th. Royal Bank of Canada cut Macerich from an “outperform” rating to a “sector perform” rating and set a $66.00 price objective on the stock. in a research report on Wednesday, January 3rd. Boenning Scattergood set a $75.00 target price on shares of Macerich and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Mizuho reiterated a “hold” rating and set a $60.00 target price on shares of Macerich in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. Macerich presently has an average rating of “Hold” and a consensus target price of $66.85.
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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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