Macerich Company (The) (NYSE:MAC) declared a quarterly dividend on Friday, August 4th, RTT News reports. Investors of record on Friday, August 18th will be given a dividend of 0.71 per share by the real estate investment trust on Thursday, September 7th. This represents a $2.84 annualized dividend and a yield of 4.79%.

Macerich Company (The) has raised its dividend by an average of 5.2% annually over the last three years and has raised its dividend every year for the last 6 years. Macerich Company (The) has a payout ratio of 71.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Macerich Company (The) to earn $0.81 per share next year, which means the company may not be able to cover its $2.84 annual dividend with an expected future payout ratio of 350.6%.

Macerich Company (MAC) traded up 4.25% on Friday, reaching $59.34. 1,751,207 shares of the company traded hands. The company has a market capitalization of $8.41 billion, a P/E ratio of 52.05 and a beta of 0.77. The company has a 50-day moving average price of $58.27 and a 200-day moving average price of $62.59. Macerich Company has a 12 month low of $56.06 and a 12 month high of $88.02.

Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $247.20 million during the quarter, compared to the consensus estimate of $218.62 million. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.34%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. Equities research analysts expect that Macerich Company will post $1.03 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Macerich Company (The) (MAC) to Issue $0.71 Quarterly Dividend” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at

A number of research analysts have issued reports on the stock. Boenning Scattergood reissued a “hold” rating on shares of Macerich Company (The) in a research note on Friday. BidaskClub raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Jefferies Group LLC reissued a “hold” rating and set a $57.00 target price on shares of Macerich Company (The) in a research note on Monday, July 17th. Finally, Barclays PLC reduced their target price on shares of Macerich Company (The) from $66.00 to $63.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $71.64.

In other Macerich Company (The) news, CEO Arthur M. Coppola sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $58.13, for a total value of $5,813,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.75% of the stock is currently owned by corporate insiders.

Macerich Company (The) Company Profile

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.

Dividend History for Macerich Company (The) (NYSE:MAC)

Receive News & Stock Ratings for Macerich Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macerich Company (The) and related stocks with our FREE daily email newsletter.