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The Macerich Company MAC reported first-quarter 2020 adjusted funds from operations (FFO) per share of 81 cents, surpassing the Zacks Consensus Estimate of 79 cents. Hirsch graduated from Yale Law School with a J.D., and summa cum laude with a a Bachelor of Arts degree in Law, Jurisprudence and Social Thought from Amherst College.Prior to becoming CEO, Mr. O’Hern was Senior Executive Vice President, Chief Financial Officer and Treasurer for Macerich. None analyst(s) advised it as an Underweight. The figure remained flat year over year. Go to Investor Information 2015-2019 Macerich (MAC) delivered FFO and revenue surprises of 2.53% and 1.36%, respectively, for the quarter ended March 2020. All told, it is clear that, MAC needs to be on your watchlist.All told, The Macerich Company MAC has strung together solid data and demonstrated underlying fundamentals.
Over the last three quarters, Macerich's revenue has grown by 16.3%. It follows that stock’s current price would jump +589.24% in reaching the projected high whereas dropping to the targeted low would mean a loss of -51.63% for stock’s current value.In recent trading session, The Macerich Company (NYSE:MAC) saw 933,723 shares changing hands with its beta currently measuring 1.85.
Wall Street analysts have assigned a consensus price target of $11.06 to the stock, which implies a rise of 33.74% to its current value. Expert guidance.As Chief Executive Officer for Macerich, Tom O'Hern guides one of the country’s leading retail real estate companies with dominant properties in many top U.S. markets. Mr. Kingsmore’s initial role with Macerich was as a Controller.   Since 2008, John Alschuler has been the Chairman of HR&A Advisors Inc., an economic development, real estate and public policy consulting organization. Currently, MAC is trading at $13.13 and the avg recommendation for the stock is Hold. The Macerich Company also saw revenues increase to $226.95 million. And as of March 30, 2020, it was holding 16.46% of the company’s outstanding shares.The Macerich Company is more likely to be releasing its next quarterly report between August 11 and August 11, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. Please check your download folder.Our goal has always been to serve as an easily accessible, high quality source of investment research for both professionals and amateurs alike.Any amount that you can contribute will help ensure we can keep the site completely free for many years to come.Your image export is now complete.