MACERICH CO.is a self-administered, self-managed real estate investment trust which is engaged in the acquisition, ownership, redevelopment, management and leasing of regional shopping centers located throughout the United States.
Let's have a look at some of the important valuation ratios of the Macerich Company (The) (MAC). KeyCorp reissued a "buy" rating and issued a $75.00 target price on shares of Macerich Company (The) in a research report on Monday, August 28th. Jefferies Group LLC reaffirmed a "hold" rating and set a $57.00 price objective on shares of Macerich Company (The) in a research report on Monday, July 17th. Boenning Scattergood set a $75.00 target price on shares of Macerich Company (The) and gave the company a "buy" rating in a research report on Wednesday, November 1st. Currently, The Macerich Company (NYSE:MAC) has an average volume of 1.82 Million.
Shares of Macerich Company (MAC) opened at $64.37 on Monday. The company rocked its 52-Week High of $73.34 and touched its 52-Week Low of $52.12. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25. The Macerich Company (NYSE:MAC) has a 20-Day average volume of 2.82 Million. In the latest earnings report the EPS was $9.19 with 5.13B shares now outstanding.
4 number of analysts have estimated the sales of the company for the quarter ending Feb 5, 2018- Feb 9, 2018, analysts estimated mean sale target of 250.55 million while high and low sale targets are estimated at 268 million and 238.21 million respectively. While in the same Quarter Previous year, the Actual EPS was $0.26. The business's quarterly revenue was down 4.3% compared to the same quarter last year. research analysts anticipate that Macerich Company will post 3.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be given a dividend of $0.71 per share. The ex-dividend date is Thursday, November 9th. They expect this year's earnings to fall -2.95% year-over-year to $3.95, followed by 4.05% growth in the next year to $4.11.
The Macerich Company (MAC) stock price fell -7.19 percent over the past one year, while increased 10.58 percent during the past 6 months. Macerich Company (The)'s payout ratio is 281.91%.
Several other hedge funds have also recently made changes to their positions in MAC.
As of the end of the quarter American International Group Inc had disposed of 10,137 shares trimming its holdings by 22.7%. 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. Bank of Nova Scotia purchased a new position in shares of Macerich Company (The) in the 1st quarter valued at $1,603,000. Sun Life Financial INC lifted its position in shares of Macerich Company (The) by 1,864.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 18,085 shares of the real estate investment trust's stock valued at $1,165,000 after buying an additional 1,100 shares during the last quarter. Kempen Capital Management N.V. raised its holdings in Macerich Company (The) by 45.2% in the second quarter. Checchi Capital Advisers LLC increased its stake in shares of The Macerich by 4.3% in the second quarter. The fund owned 1,252,483 shares of the real estate investment trust's stock after acquiring an additional 353,900 shares during the quarter.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.
TRADEMARK VIOLATION WARNING: "Canada Pension Plan Investment Board Has $68.85 Million Holdings in Macerich Company (The) (NYSE:MAC)" was reported by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally copied and republished in violation of global copyright legislation. The company operates in the Real Estate sector with a market capitalization of 9.1 Million.