Macerich Co (NYSE:MAC) – Analysts at Boenning Scattergood dropped their Q3 2018 earnings per share estimates for Macerich in a report released on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings per share of $1.01 for the quarter, down from their prior estimate of $1.02. Boenning Scattergood currently has a “Buy” rating and a $75.00 target price on the stock. Boenning Scattergood also issued estimates for Macerich’s Q4 2018 earnings at $1.13 EPS.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada downgraded Macerich from an “outperform” rating to a “sector perform” rating and set a $66.00 target price on the stock. in a research report on Wednesday, January 3rd. Wells Fargo & Co upgraded Macerich from a “market perform” rating to an “outperform” rating and set a $72.50 target price on the stock in a research report on Tuesday, December 19th. Evercore ISI downgraded Macerich from an “in-line” rating to an “underperform” rating and set a $62.00 target price on the stock. in a research report on Monday, December 11th. Mizuho reiterated a “hold” rating and issued a $60.00 target price on shares of Macerich in a research report on Friday, November 10th. Finally, BMO Capital Markets set a $55.00 target price on Macerich and gave the stock a “hold” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $66.85.

Macerich (NYSE:MAC) traded down $0.51 during trading hours on Thursday, hitting $63.03. The company had a trading volume of 1,242,400 shares, compared to its average volume of 1,925,043. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $9,220.00, a P/E ratio of 60.03, a P/E/G ratio of 3.01 and a beta of 0.87. Macerich has a 12 month low of $52.12 and a 12 month high of $70.96.

Macerich (NYSE:MAC) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.86). The business had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $226.00 million. Macerich had a net margin of 14.92% and a return on equity of 3.56%. Macerich’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share.

A number of hedge funds have recently modified their holdings of MAC. Pacer Advisors Inc. raised its position in Macerich by 7.9% during the second quarter. Pacer Advisors Inc. now owns 2,774 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 203 shares during the period. Meeder Asset Management Inc. purchased a new stake in Macerich during the third quarter valued at approximately $216,000. Sun Life Financial INC raised its position in Macerich by 1,864.0% during the second quarter. Sun Life Financial INC now owns 3,928 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 3,728 shares during the period. Amica Pension Fund Board of Trustees bought a new position in shares of Macerich during the third quarter valued at approximately $229,000. Finally, Riverhead Capital Management LLC grew its stake in shares of Macerich by 11.8% during the second quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds own 97.58% 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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