Macerich Co (NYSE:MAC) has received a consensus rating of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $66.50.

MAC has been the topic of a number of research reports. Boenning Scattergood set a $75.00 price objective on Macerich and gave the stock a “buy” rating in a research report on Wednesday, November 1st. KeyCorp restated a “buy” rating and set a $75.00 price objective on shares of Macerich in a research report on Monday, August 28th. Royal Bank of Canada restated a “buy” rating and set a $66.00 price objective on shares of Macerich in a research report on Thursday, November 2nd. J P Morgan Chase & Co upgraded Macerich from a “neutral” rating to an “overweight” rating and set a $68.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Jefferies Group restated a “hold” rating and set a $57.00 price objective on shares of Macerich in a research report on Tuesday, September 26th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC grew its position in shares of Macerich by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 9,690 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 102 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Macerich by 0.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,917 shares of the real estate investment trust’s stock valued at $1,098,000 after buying an additional 177 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Macerich by 7.9% in the 2nd quarter. Pacer Advisors Inc. now owns 2,774 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 203 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Macerich by 11.8% in the 2nd 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. Finally, Ffcm LLC grew its position in shares of Macerich by 6.4% in the 2nd quarter. Ffcm LLC now owns 8,490 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Shares of Macerich (NYSE MAC) traded up $0.30 on Thursday, hitting $66.77. The stock had a trading volume of 1,765,200 shares, compared to its average volume of 1,487,730. Macerich has a one year low of $52.12 and a one year high of $73.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $9,357.17, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 3.11 and a beta of 0.88.

Macerich (NYSE:MAC) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (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 the consensus estimate of $226.00 million. Macerich had a net margin of 14.92% and a return on equity of 3.56%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. equities analysts expect that Macerich will post 3.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Thursday, November 9th. This is a positive change from Macerich’s previous quarterly dividend of $0.71. Macerich’s payout ratio is 281.91%.

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About Macerich

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.

Analyst Recommendations for Macerich (NYSE:MAC)

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