Media coverage about Macerich (NYSE:MAC) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macerich earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.7620775452187 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Macerich Co Forecasted to Post FY2018 Earnings of $4.02 Per Share (MAC) (americanbankingnews.com)
- Realty Income (O) Announces Hike in Monthly Dividend Payment (zacks.com)
- Zacks Investment Research Downgrades Macerich (MAC) to Sell (americanbankingnews.com)
- Head to Head Survey: Macerich (MAC) & Acadia Realty Trust (AKR) (americanbankingnews.com)
A number of equities research analysts recently weighed in on the stock. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of Macerich in a report on Thursday, September 28th. Jefferies Group reiterated a “hold” rating and issued a $57.00 price objective on shares of Macerich in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of Macerich from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada lowered shares of Macerich from an “outperform” rating to a “sector perform” rating and set a $66.00 price objective for the company. in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. upgraded shares of Macerich from a “neutral” rating to an “overweight” rating and set a $68.00 price objective for the company in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $66.85.
Macerich (NYSE:MAC) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.86). Macerich had a return on equity of 3.56% and a net margin of 14.92%. The company had revenue of $242.50 million for the quarter, compared to analysts’ expectations of $226.00 million. During the same quarter in the previous year, the business earned $1.04 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. analysts expect that Macerich will post 3.94 earnings per share for the current year.
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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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