Macerich (NYSE:MAC) is scheduled to be posting its quarterly earnings results after the market closes on Monday, February 5th. Analysts expect Macerich to post earnings of $0.35 per share for the quarter.
Macerich (NYSE MAC) opened at $61.46 on Friday. Macerich has a 52 week low of $52.12 and a 52 week high of $69.73. The firm has a market cap of $9,089.71 and a price-to-earnings ratio of 58.53. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Wednesday, February 21st will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Tuesday, February 20th. Macerich’s dividend payout ratio is presently 281.91%.
A number of equities analysts recently weighed in on the stock. Sandler O’Neill reissued a “hold” rating and set a $71.00 target price on shares of Macerich in a research note on Tuesday, January 23rd. Royal Bank of Canada downgraded shares of Macerich from an “outperform” rating to a “sector perform” rating and set a $66.00 price target for the company. in a research note on Wednesday, January 3rd. Evercore ISI downgraded shares of Macerich from an “in-line” rating to an “underperform” rating and set a $62.00 price target for the company. in a research note on Monday, December 11th. Wells Fargo & Co raised shares of Macerich from a “market perform” rating to an “outperform” rating and set a $72.50 price target for the company in a research note on Tuesday, December 19th. Finally, Barclays decreased their price target on shares of Macerich from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Macerich currently has an average rating of “Hold” and an average price target of $67.03.
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Macerich 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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