Macerich Co (NYSE:MAC) – Equities research analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Macerich in a report released on Monday. Jefferies Group analyst O. Okusanya expects that the real estate investment trust will post earnings per share of $0.81 for the quarter. Jefferies Group also issued estimates for Macerich’s Q2 2018 earnings at $0.97 EPS, Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $1.20 EPS, FY2018 earnings at $4.00 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.22 EPS and FY2020 earnings at $4.37 EPS.

MAC has been the topic of several other research reports. Boenning Scattergood set a $75.00 price objective on shares of Macerich and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and set a $66.00 price objective on shares of Macerich in a research note on Thursday, November 2nd. Wells Fargo & Co raised shares of Macerich from a “market perform” rating to an “outperform” rating and set a $72.50 price objective on the stock in a research note on Tuesday, December 19th. Evercore ISI lowered shares of Macerich from an “in-line” rating to an “underperform” rating and set a $62.00 price objective on the stock. in a research note on Monday, December 11th. Finally, Zacks Investment Research lowered shares of Macerich from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Macerich has a consensus rating of “Hold” and a consensus target price of $67.09.

Macerich (MAC) opened at $61.56 on Tuesday. Macerich has a one year low of $52.12 and a one year high of $69.73. The firm has a market cap of $8,563.21, a P/E ratio of 15.44, a P/E/G ratio of 2.91 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.88.

Macerich (NYSE:MAC) last released its quarterly earnings data on Monday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.11). Macerich had a return on equity of 3.91% and a net margin of 14.71%. The firm had revenue of $245.30 million for the quarter, compared to the consensus estimate of $237.90 million. During the same period in the previous year, the business earned $1.17 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 21st will be issued a $0.74 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.81%. Macerich’s dividend payout ratio (DPR) is presently 290.20%.

Several hedge funds and other institutional investors have recently bought and sold shares of MAC. PNC Financial Services Group Inc. raised its holdings in shares of Macerich by 19.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,807 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 934 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Macerich by 58.6% in the second quarter. Janus Henderson Group PLC now owns 24,445 shares of the real estate investment trust’s stock valued at $1,419,000 after purchasing an additional 9,030 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Macerich in the second quarter valued at approximately $382,000. The Manufacturers Life Insurance Company raised its holdings in shares of Macerich by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 131,782 shares of the real estate investment trust’s stock valued at $7,652,000 after purchasing an additional 2,560 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Macerich in the second quarter valued at approximately $521,000. Institutional investors own 98.27% of the company’s stock.

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Macerich Company Profile

The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). 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. The Company owns ownership interests in, The Macerich Partnership, L.P.

Earnings History and Estimates for Macerich (NYSE:MAC)

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