Shares of Macerich Co (NYSE:MAC) have received an average rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $59.33.

A number of equities analysts recently issued reports on MAC shares. Morgan Stanley reaffirmed an “overweight” rating on shares of in a research report on Thursday, June 20th. Citigroup reaffirmed a “buy” rating on shares of Healthequity in a research report on Friday, June 28th. Finally, Barclays set a €81.00 ($94.19) target price on shares of Fresenius Medical Care AG & Co. KGaA and gave the stock a “buy” rating in a research report on Thursday.

Shares of NYSE:MAC traded down $0.69 during trading on Monday, reaching $32.26. The stock had a trading volume of 2,140,449 shares, compared to its average volume of 1,692,263. Macerich has a 52 week low of $31.72 and a 52 week high of $60.95. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 4.85 and a beta of 0.73. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day moving average is $34.22.

Macerich (NYSE:MAC) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.76). Macerich had a return on equity of 3.75% and a net margin of 10.67%. The company had revenue of $216.34 million for the quarter, compared to the consensus estimate of $206.88 million. During the same period last year, the firm posted $0.82 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts expect that Macerich will post 3.56 earnings per share for the current fiscal year.

In other Macerich news, CEO Hern Thomas E. O purchased 10,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $40.99 per share, with a total value of $409,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrea M. Stephen purchased 20,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $35.02 per share, for a total transaction of $700,400.00. Following the acquisition, the director now directly owns 16,580 shares in the company, valued at $580,631.60. The disclosure for this purchase can be found here. Insiders acquired a total of 79,000 shares of company stock worth $2,845,735 in the last three months. Insiders own 1.73% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. lifted its position in Macerich by 1,253.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,218 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,128 shares in the last quarter. Machina Capital S.A.S. raised its holdings in Macerich by 195.7% during the 2nd quarter. Machina Capital S.A.S. now owns 3,463 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,292 shares during the last quarter. Triad Investment Management raised its holdings in Macerich by 58.2% during the 2nd quarter. Triad Investment Management now owns 11,088 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 4,079 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in Macerich by 183.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,093 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 708 shares during the last quarter. Finally, CWM Advisors LLC raised its holdings in Macerich by 46.8% during the 2nd quarter. CWM Advisors LLC now owns 15,067 shares of the real estate investment trust’s stock worth $505,000 after purchasing an additional 4,800 shares during the last quarter. 97.60% of the stock is currently owned by hedge funds and other institutional investors.

About Macerich

Macerich, an S&P 500 company, is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers.

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Analyst Recommendations for Macerich (NYSE:MAC)

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