Macerich Company (The)'s (MAC) "Buy" Rating Reaffirmed at Royal Bank Of Canada

Cornelia Mascio
Novembre 14, 2017

Short traders are more bearish on shares of Macerich Company if you take into consideration the uptick in short interest.

Whereas they predicted High and Low Earnings Estimate as $0.36 and $0.29 respectively. The business is scheduled to issue its next quarterly earnings report on Monday, February 5th. The Macerich's revenue was down 22.3% compared to the same quarter past year. For the next financial year, analysts forecast that the business will report earnings of $4.11 per share, with EPS estimates ranging from $4.02 to $4.16. Zacks' earnings per share averages are an average based on a survey of research analysts that cover Macerich Company (The).

Macerich Company (The) (NYSE:MAC) last posted its quarterly earnings results on Monday, October 30th. In the latest earnings report the EPS was $9.19 with 5.13B shares now outstanding.

3 analysts on average are expecting the company to report revenue of $267.01 Million for the current quarter. Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. MAC generated revenue of $303.6 Million in the same quarter, one year ago. While in the same Quarter Previous year, the Actual EPS was $0.26.

(NYSE:MAC) in recent headlines. Boenning Scattergood set a $75.00 price target on shares of Macerich Company (The) and gave the company a buy rating in a research note on Wednesday, November 1st.

Insider Trades for The Macerich Company show that the latest trade was made on 29 Jun 2017 where Coppola (Arthur M), the Chief Executive Officer completed a transaction type "Sell" in which 100000 shares were traded at a price of $58.13. KeyCorp restated a buy rating and issued a $75.00 price objective on shares of Macerich Company (The) in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Macerich Company (The) has a consensus rating of "Hold" and a consensus target price of $66.80.

Several other analysts have also recently weighed in on the stock. Finally, Riverhead Capital Management LLC boosted its holdings in Macerich Company (The) by 11.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,129 shares of the real estate investment trust's stock valued at $182,000 after buying an additional 678 shares during the last quarter. Finally, Eii Capital Management Inc. increased its stake in shares of The Macerich by 140.0% in the second quarter. Investors bought 4,803 put options on the stock. Toronto Dominion Bank raised its holdings in Macerich Company (The) by 23.8% in the second quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust's stock worth $239,000 after buying an additional 435 shares during the last quarter.

As of the end of the quarter American International Group Inc had disposed of 10,137 shares trimming its holdings by 22.7%. Sun Life Financial INC now owns 3,928 shares of the real estate investment trust's stock worth $228,000 after buying an additional 3,728 shares during the last quarter. Macerich Company has 141.3 million shares outstanding, and in the last trade has seen ATR around 2.29. The stock had a trading volume of 5,479,200 shares, compared to its average volume of 2,613,940. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85.

The Macerich Co. has a 12 month low of $66.77 and a 12 month high of $94.51.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.74 dividend.

Macerich Company is now down by 0.21% since yesterday's close of 174.67 giving it a place as a top gainer in the market today. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.60%. Macerich Company (The)'s dividend payout ratio (DPR) is presently 281.91%.

WARNING: This piece was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was stolen and republished in violation of USA & global copyright & trademark legislation. The company operates in the Real Estate sector with a market capitalization of 9.1 Million. 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.

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