Macerich (NYSE:MAC - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Macerich to post earnings of $0.40 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Macerich Trading Up 2.5 %
Shares of NYSE:MAC traded up $0.47 during trading on Wednesday, reaching $18.96. 1,415,747 shares of the company were exchanged, compared to its average volume of 1,765,310. The business's fifty day simple moving average is $17.09 and its 200-day simple moving average is $15.87. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.86 and a quick ratio of 0.86. Macerich has a 12-month low of $9.21 and a 12-month high of $19.06. The firm has a market capitalization of $4.10 billion, a PE ratio of -57.39, a P/E/G ratio of 0.61 and a beta of 2.50.
Analyst Upgrades and Downgrades
MAC has been the subject of several research reports. StockNews.com upgraded Macerich from a "sell" rating to a "hold" rating in a report on Friday, August 2nd. Piper Sandler upped their price objective on shares of Macerich from $11.00 to $14.00 and gave the stock an "underweight" rating in a research note on Tuesday, September 3rd. Evercore ISI increased their target price on shares of Macerich from $15.00 to $16.00 and gave the stock an "in-line" rating in a report on Wednesday, August 28th. Bank of America boosted their price target on shares of Macerich from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Finally, The Goldman Sachs Group increased their price objective on shares of Macerich from $13.00 to $14.60 and gave the company a "sell" rating in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Macerich has a consensus rating of "Hold" and a consensus price target of $15.84.
Check Out Our Latest Report on Macerich
About Macerich
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Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.
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