-
Benzinga's Top Initiations
Wednesday, March 26, 2014 - 7:40am | 153Read More...Analysts at McNicoll Lewis Vlak initiated coverage on shares of Macerich Company (The) (NYSE: MAC) with a “buy” rating. The target price for Macerich is set to $73. Macerich's shares closed at $61.00 yesterday. Raymond James initiated coverage on shares of Manning & Napier (NYSE: MN) with a “...
-
Macerith Raises Quarterly Dividend 6.9% to $0.62 from $0.58
Thursday, October 24, 2013 - 2:04pm | 167Read More...The Board of Directors of The Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.62 per share of common stock. This is a 6.9% increase over the previous quarterly dividend of $.58 per share. The dividend is payable on December 6, 2013 to stockholders of record at the close of...
-
Benzinga's Top Initiations
Friday, September 20, 2013 - 6:48am | 155Read More...Analysts at Goldman Sachs initiated coverage on shares of Verisk Analytics (NASDAQ: VRSK) with a “neutral” rating. The target price for Verisk Analytics is set to $68. Verisk Analytics' shares closed at $66.39 yesterday. JP Morgan initiated coverage on shares of NPS Pharmaceuticals (NASDAQ: NPSP...
-
Macerich Announces Sale Of Five Assets with Proceeds of Approximately $470M
Monday, June 3, 2013 - 5:13am | 229Read More...The Macerich Company (NYSE: MAC) today announced the sale of Green Tree Mall in Clarksville, Indiana and an office complex in the Redmond Town Center mixed use project. In addition the Company is under contract to sell three malls which are expected to close in June. The Company's pro...
-
Earnings Scheduled For May 1, 2013
Wednesday, May 1, 2013 - 3:58am | 758Read More...Mastercard (NYSE: MA) is projected to report its Q1 earnings at $6.17 per share on revenue of $1.93 billion. Time Warner (NYSE: TWX) is estimated to report its Q1 earnings at $0.74 per share on revenue of $7.12 billion. The Clorox Company (NYSE: CLX) is expected to report its Q3 earnings at $1.06...
-
Benzinga's Top Initiations
Thursday, April 11, 2013 - 6:36am | 179Read More...Analysts at Topeka Capital initiated coverage on shares of Children's Place Retail Stores, Inc. (NASDAQ: PLCE) with a “hold” rating. The target price range for Children's Place Retail Stores is set to $50.00. Children's Place Retail Stores shares closed at $47.42 yesterday. Analysts at BMO...
-
Benzinga's Top Downgrades
Tuesday, February 12, 2013 - 7:43am | 134Read More...Analysts at Goldman Sachs downgraded Boyd Gaming (NYSE: BYD) from “neutral” to “sell.” The target price for Boyd Gaming is set to $5.50. Boyd Gaming's shares closed at $7.48 yesterday. Analysts at RBC Capital downgraded Macerich Company (NYSE: MAC) from “outperform” to “sector perform.” The...
-
UPDATE: Macerich Q4 Earnings Up 6.8%
Wednesday, February 6, 2013 - 7:50am | 83Read More...Macerich Co (NYSE: MAC) reported a 6.8% rise in its fourth-quarter earnings. Macerich expects 2013 funds from operations of $3.32 to $3.42 per share, versus analysts' estimates of $3.36 per share. Macerich's quarterly profit surged to $174.2 million, or $1.27 per share, from $163.1 million, or...
-
Benzinga's M&A Chatter for Friday January 25, 2013
Saturday, January 26, 2013 - 11:09am | 298Read More...The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday January 25, 2013: Compuware Board Rejects Elliott Management Bid The Rejection:Compuware (NASDAQ: CPWR) announced Friday that its Board of Directors unanimously concluded that Elliott Management...
-
A Peek Into The Market Before The Trading Starts
Friday, January 25, 2013 - 7:18am | 353Read More...Pre-open movers US stock futures are higher this morning, as investors are awaiting new home sales data. Futures for the Dow Jones Industrial Average gained 32 points to 13,813.00 and S&P 500 index futures rose 3.20 points to 1,495.00. Nasdaq 100 futures climbed 9.75 points to 2,727.75. A Peek...
-
Vornado to Sell Green Acres Mall for $500 Million and Alexander's to Sell Kings Plaza Mall for $751 Million
Monday, October 22, 2012 - 8:33am | 221Read More...VORNADO REALTY TRUST (NYSE: VNO) announced today that it has entered into an agreement to sell the Green Acres Mall, Valley Stream, Long Island, New York to The Macerich Company (NYSE: MAC) for $500 million. Net proceeds from the sale will be approximately $185 million after repaying the existing...
-
Alexander's to Sell Kings Plaza Mall for $751 Million
Monday, October 22, 2012 - 8:25am | 89Read More...ALEXANDER'S, INC. (New York Stock Exchange: ALX) announced today that it has entered into an agreement to sell the Kings Plaza Mall, Brooklyn, New York to The Macerich Company (NYSE: MAC), for $751 million. Net proceeds from the sale will be approximately $481 million after repaying the existing...
-
Panasonic and Macerich Form Strategic Renewable Energy Partnership
Thursday, October 18, 2012 - 7:16am | 126Read More...Panasonic Eco Solutions North America and Macerich (NYSE: MAC), have aligned to begin the first phase of a multi-property retail real estate solar power program. Over the next 12 months, solar installations at a total of 12 Macerich shopping centers in Arizona, California, New York and Connecticut...
-
UPDATE: Stifel Nicolaus Downgrades The Macerich Company to Hold on Valuation
Monday, May 14, 2012 - 8:07am | 127Read More...Stifel Nicolaus lowers its rating on The Macerich Company (NYSE: MAC) from Buy to Hold and suspends its $58 price target on shares. Stifel Nicolaus comments, "We are downgrading Macerich from Buy to Hold on valuation as the shares trade at a 5.7% implied cap rate, in line with our $61 NAV and a 5...
-
UPDATE: Jefferies Downgrades Macerich
Friday, May 11, 2012 - 7:32am | 105Read More...According to a research report published this morning, Jefferies has downgraded Macerich (NYSE: MAC) from Buy to Hold. In the report, Jefferies said, "We upgraded MAC in March on the thesis that the stock underperformance was unwarranted given MAC also had an attractive domestic portfolio and was...
