Macerich Company (The) (MAC) Receives Coverage Optimism Rating of 0.19

Media coverage about Macerich Company (The) (NYSE:MAC) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. 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 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.9560697739124 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several research firms have commented on MAC. Mizuho reissued a “hold” rating and issued a $60.00 target price on shares of Macerich Company (The) in a report on Friday, November 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $66.00 target price on shares of Macerich Company (The) in a report on Thursday, November 2nd. Boenning Scattergood set a $75.00 target price on shares of Macerich Company (The) and gave the company a “buy” rating in a report on Wednesday, November 1st. BMO Capital Markets set a $55.00 target price on shares of Macerich Company (The) and gave the company a “hold” rating in a report on Monday, October 30th. Finally, KeyCorp reissued a “buy” rating and issued a $75.00 target price on shares of Macerich Company (The) in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $66.80.

Shares of Macerich Company (MAC) opened at $64.21 on Friday. Macerich Company has a one year low of $52.12 and a one year high of $73.34. 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 $9,039.03, a P/E ratio of 16.13, a PEG ratio of 2.97 and a beta of 0.80.

Macerich Company (The) (NYSE:MAC) last posted its 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). Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. The business had revenue of $242.50 million for the quarter, compared to analyst estimates of $226.00 million. During the same quarter in the prior year, the business earned $1.04 earnings per share. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. sell-side analysts anticipate that Macerich Company will post 3.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, November 9th. This is an increase from Macerich Company (The)’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a yield of 4.61%. Macerich Company (The)’s dividend payout ratio (DPR) is currently 281.91%.

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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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