Research Analysts Offer Predictions for Macerich Co’s Q1 2018 Earnings (MAC)
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 (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.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://theolympiareport.com/2018/02/15/research-analysts-offer-predictions-for-macerich-cos-q1-2018-earnings-mac.html.
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.
Receive News & Ratings for Macerich Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macerich and related companies with MarketBeat.com's FREE daily email newsletter.