Media coverage about Macerich (NYSE:MAC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macerich earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.5837872387309 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- 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)
- Q3 2018 EPS Estimates for Macerich Co (MAC) Decreased by Boenning Scattergood (americanbankingnews.com)
Several analysts have weighed in on MAC shares. Jefferies Group reissued a “hold” rating and issued a $57.00 target price on shares of Macerich in a report on Tuesday, September 26th. JPMorgan Chase & Co. raised Macerich from a “neutral” rating to an “overweight” rating and set a $68.00 target price on the stock in a report on Tuesday, September 26th. KeyCorp reissued a “buy” rating and issued a $75.00 target price on shares of Macerich in a report on Thursday, September 28th. BMO Capital Markets set a $55.00 target price on Macerich and gave the company a “hold” rating in a report on Monday, October 30th. Finally, Boenning Scattergood set a $75.00 target price on Macerich and gave the company a “buy” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $66.85.
Macerich (NYSE:MAC) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.86). Macerich had a net margin of 14.92% and a return on equity of 3.56%. The company had revenue of $242.50 million for the quarter, compared to analyst estimates of $226.00 million. During the same period in the previous year, the business earned $1.04 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. research analysts forecast that Macerich will post 3.94 earnings per share for the current fiscal year.
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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