Macerich (MAC) Scheduled to Post Quarterly Earnings on Wednesday
Macerich (NYSE:MAC) will be issuing its Q413 quarterly earnings data on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.92 per share and revenue of $258.84 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Shares of Macerich (NYSE:MAC) opened at 55.74 on Tuesday. Macerich has a 52 week low of $55.13 and a 52 week high of $72.19. The stock’s 50-day moving average is $58.37 and its 200-day moving average is $58.50. The company has a market cap of $7.834 billion and a P/E ratio of 17.47.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of 0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Wednesday, February 19th.
A number of research firms have recently commented on MAC. Analysts at Cowen and Company upgraded shares of Macerich from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 22nd. They now have a $70.00 price target on the stock, up previously from $59.00. On the ratings front, analysts at Deutsche Bank cut their price target on shares of Macerich from $67.00 to $64.00 in a research note to investors on Wednesday, January 15th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Macerich in a research note to investors on Thursday, January 2nd. They now have a $62.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.64.
The Macerich Company is a self-administered and self-managed real estate investment trust (NYSE:MAC).
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