Media stories about Macerich Company (The) (NYSE:MAC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news 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 coverage optimism score of 0.22 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.078832013784 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub upgraded Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Barclays PLC decreased their price target on Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $57.00 price target on shares of Macerich Company (The) in a report on Monday, July 17th. Finally, Boenning Scattergood restated a “hold” rating on shares of Macerich Company (The) in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.93.
Shares of Macerich Company (NYSE:MAC) opened at 57.55 on Friday. The firm has a 50-day moving average price of $54.73 and a 200-day moving average price of $58.44. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 56.59 and a beta of 0.80. Macerich Company has a 1-year low of $52.12 and a 1-year high of $77.93.
Macerich Company (The) (NYSE:MAC) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. Macerich Company (The) had a return on equity of 3.38% and a net margin of 14.39%. The company had revenue of $247.20 million for the quarter, compared to the consensus estimate of $218.62 million. During the same quarter in the previous year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities analysts forecast that Macerich Company will post $1.07 EPS for the current year.
Macerich Company (The) 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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