Macerich Co (NYSE:MAC) – Analysts at KeyCorp dropped their Q1 2018 EPS estimates for Macerich in a report released on Sunday. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.93. KeyCorp also issued estimates for Macerich’s Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $3.96 EPS and FY2019 earnings at $4.12 EPS.

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

Several other analysts have also commented on MAC. BMO Capital Markets set a $62.00 price target on shares of Macerich and gave the company a “hold” rating in a research report on Monday, February 5th. Barclays decreased their price target on shares of Macerich from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Boenning Scattergood reissued a “buy” rating and set a $75.00 price target on shares of Macerich in a research report on Wednesday, February 7th. Morgan Stanley reissued a “hold” rating on shares of Macerich in a research report on Tuesday, February 6th. Finally, Citigroup decreased their price target on shares of Macerich from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Three 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 company. The company has a consensus rating of “Hold” and a consensus target price of $67.09.

Shares of Macerich (MAC) opened at $60.83 on Tuesday. The company has a market cap of $8,600.00, a PE ratio of 59.64, a price-to-earnings-growth ratio of 2.88 and a beta of 0.83. Macerich has a 1 year low of $52.12 and a 1 year high of $69.73. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Chilton Capital Management LLC increased its holdings in shares of Macerich by 19.1% during the fourth quarter. Chilton Capital Management LLC now owns 217,524 shares of the real estate investment trust’s stock valued at $14,287,000 after acquiring an additional 34,916 shares in the last quarter. MYDA Advisors LLC acquired a new position in shares of Macerich during the fourth quarter valued at about $657,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Macerich during the fourth quarter valued at about $9,705,000. AXA acquired a new position in Macerich in the 4th quarter worth approximately $2,406,000. Finally, Sun Life Financial INC increased its holdings in Macerich by 221.9% in the 4th quarter. Sun Life Financial INC now owns 29,715 shares of the real estate investment trust’s stock worth $1,952,000 after buying an additional 20,485 shares during the period. Hedge funds and other institutional investors own 98.27% of the company’s stock.

The business 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 dividend of $0.74 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.96 annualized dividend and a dividend yield of 4.87%. Macerich’s dividend payout ratio (DPR) is currently 290.20%.

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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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