Macerich (NYSE:MAC – Get Free Report) issued its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.90), Zacks reports. The firm had revenue of $220.20 million for the quarter, compared to the consensus estimate of $208.54 million. Macerich had a return on equity of 3.15% and a net margin of 8.98%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS.
Macerich Trading Up 1.1 %
Shares of NYSE MAC traded up $0.22 during trading on Friday, reaching $19.52. The company had a trading volume of 1,476,323 shares, compared to its average volume of 1,418,307. The stock has a market cap of $4.22 billion, a P/E ratio of 50.07, a PEG ratio of 0.62 and a beta of 2.50. The company has a quick ratio of 0.86, a current ratio of 0.92 and a debt-to-equity ratio of 1.68. The company’s fifty day moving average price is $17.62 and its 200-day moving average price is $16.05. Macerich has a 12 month low of $9.90 and a 12 month high of $20.27.
Macerich Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.17 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.48%. Macerich’s dividend payout ratio (DPR) is presently 174.36%.
Analysts Set New Price Targets
View Our Latest Stock Report on MAC
Macerich Company Profile
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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