Macerich (MAC) Set to Announce Quarterly Earnings on Monday

Macerich (NYSE:MAC) is set to post 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 $66.50 on Monday. Macerich has a 52-week low of $52.12 and a 52-week high of $70.21. 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 firm has a market capitalization of $9,157.28, a P/E ratio of 63.33, a P/E/G ratio of 3.04 and a beta of 0.88.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Wednesday, February 21st will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.45%. Macerich’s dividend payout ratio (DPR) is presently 281.91%.

A number of research analysts recently weighed in on the company. Sandler O’Neill reaffirmed a “hold” rating and set a $71.00 price objective on shares of Macerich in a research report on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $66.00 price objective on shares of Macerich in a research report on Thursday, November 2nd. Zacks Investment Research lowered Macerich from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. BMO Capital Markets set a $55.00 price objective on Macerich and gave the company a “hold” rating in a research report on Monday, October 30th. Finally, Mizuho reaffirmed a “hold” rating and set a $60.00 price objective on shares of Macerich in a research report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $67.08.

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About Macerich

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.

Earnings History for Macerich (NYSE:MAC)

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