Why Stock for Macerich and Penn REITs Jumped for the Third Day in a Row [The Motley Fool]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: The Motley Fool
What happenedShares of mall landlordMacerich(NYSE:MACPennsylvania REITNYSE:PEIreal estate investment trustsSimon Property GroupNYSE:SPGSo whatThe big problem for the enclosed malls and factory outlet centers that Macerich and Simon own is pretty simple: They have been shut down because ofCOVID-9Image source: Getty Images.However, over the last week or so, a handful of states have either begun allowing nonessential businesses to reopen or have started to discuss plans for eventual reopening. Simon, the largest name in the mall REIT sector, has taken the lead. According to a CNBC report, it intends to reopen 9 malls in 0 states where limits on social distancing are being eased. The entire mall sector will be watching what Simon does, but it has notable implications for Macerich. That's because the two landlords have similarly high-end-focused portfolios. If Simon is taking initial steps to reopen, Macerich probably won't be far behind. And the sooner it opens, the more likely it is to m
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MAC
News
- The Macerich Company (NYSE: MAC) was upgraded by analysts at Mizuho from an "underperform" rating to a "neutral" rating. They now have a $22.00 price target on the stock, up previously from $14.00.MarketBeat
- 5 stocks that can snag investors a holiday deal, according to Morningstar [Business Insider]Business Insider
- Macerich Announces Pricing of Upsized Public Offering of Common StockGlobeNewswire
- Macerich Announces Commencement of Public Offering of Common StockGlobeNewswire
- New owner of Biltmore Fashion Park announces new retailers at Phoenix shopping center [Yahoo! Finance]Yahoo! Finance
MAC
Earnings
- 11/7/24 - Miss
MAC
Sec Filings
- 11/27/24 - Form 8-K
- 11/26/24 - Form 424B5
- 11/25/24 - Form 424B5
- MAC's page on the SEC website