Yesterday | ||||
Reports Q4 revenue… Reports Q4 revenue $228.23M, consensus $228.83M. |
Over a week ago | ||||
Macerich announced that… Macerich announced that the first U.S. flagship location for global art and technology project ARTE MUSEUM is coming to Santa Monica Place. The 48,000-square-foot immersive art destination will replace the former ArcLight Cinemas location on the open-air property's third level and is set to open in late 2023. ARTE MUSEUM is expected to draw one million visitors annually to Santa Monica Place, which is a year-round magnet for international and domestic visitors and affluent locals in this perennially strong Southern California beach city. ARTE MUSEUM, which will also open in Las Vegas in early 2023, is planned and produced by d'strict. |
Over a month ago | ||||
Truist analyst Ki Bin Kim… Truist analyst Ki Bin Kim raised the firm's price target on Macerich to $15 from $13 and keeps a Hold rating on the shares. The analyst said that higher projected land sales in 2023 is the primary reason for increasing 2023 estimates. Bin Kim added that higher revenues on stronger occupancy were offset by higher interest expense. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Derek Johnston raised the firm's price target on Macerich to $16 from $13 and keeps a Buy rating on the shares. The analyst says the company's recent investor events "highlight unlocked value." He walked away "convinced that the company has the right assets and vision" to enable mid to long term net asset value accretion. | ||||
Mizuho analyst Haendel… Mizuho analyst Haendel St. Juste raised the firm's price target on Macerich to $11 from $10 and keeps an Underperform rating on the shares following the investor day. | ||||
Investor meeting to be… Investor meeting to be held in Scottsdale, AZ on November 30 at 10 am. Webcast Link | ||||
Investor meeting to be… Investor meeting to be held in Scottsdale, AZ on November 30 at 10 am. Webcast Link | ||||
Investor meeting to be… Investor meeting to be held in Scottsdale, AZ on November 30 at 10 am. Webcast Link |
Over a quarter ago | ||||
Consensus for FY22 FFO is… Consensus for FY22 FFO is $1.94. |