Macerich Company (The) (NYSE:MAC) – Investment analysts at Boenning Scattergood raised their Q4 2018 earnings per share (EPS) estimates for shares of Macerich Company (The) in a report issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $1.15 per share for the quarter, up from their prior forecast of $1.10. Boenning Scattergood currently has a “Buy” rating and a $75.00 target price on the stock.

Macerich Company (The) (NYSE:MAC) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.86). Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. The business had revenue of $242.50 million for the quarter, compared to analyst estimates of $226.00 million. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year.

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A number of other research analysts also recently weighed in on the company. KeyCorp restated a “buy” rating and issued a $75.00 price target on shares of Macerich Company (The) in a research note on Monday, August 28th. BidaskClub upgraded Macerich Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reiterated a “hold” rating and set a $57.00 target price on shares of Macerich Company (The) in a research note on Monday, July 17th. BMO Capital Markets initiated coverage on Macerich Company (The) in a research note on Monday, September 11th. They set a “market perform” rating and a $55.00 target price for the company. Finally, Zacks Investment Research downgraded Macerich Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 5.42%. This is a boost from Macerich Company (The)’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, November 9th. Macerich Company (The)’s dividend payout ratio is currently 270.48%.

A number of institutional investors have recently bought and sold shares of MAC. Pacer Advisors Inc. raised its position in Macerich Company (The) by 7.9% in the 2nd quarter. Pacer Advisors Inc. now owns 2,774 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 203 shares during the period. Meeder Asset Management Inc. purchased a new stake in Macerich Company (The) in the 3rd quarter worth about $216,000. Parametrica Management Ltd purchased a new stake in Macerich Company (The) in the 2nd quarter worth about $222,000. Sun Life Financial INC raised its position in Macerich Company (The) by 1,864.0% in the 2nd quarter. Sun Life Financial INC now owns 3,928 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 3,728 shares during the period. Finally, Riverhead Capital Management LLC raised its position in Macerich Company (The) by 11.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 435 shares during the period. 94.68% of the stock is currently owned by institutional investors.

Macerich Company (The) 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 Company (The) (NYSE:MAC)

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