Q4 2017 EPS Estimates for Macerich Company (The) Reduced by Boenning Scattergood (MAC)

Macerich Company (The) (NYSE:MAC) – Stock analysts at Boenning Scattergood dropped their Q4 2017 earnings per share (EPS) estimates for shares of Macerich Company (The) in a research note issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the brokerage will post earnings per share of $1.10 for the quarter, down from their previous forecast of $1.20. Boenning Scattergood also issued estimates for Macerich Company (The)’s Q1 2018 earnings at $0.97 EPS and Q4 2018 earnings at $1.13 EPS.

MAC has been the topic of several other reports. Mizuho reiterated a “buy” rating on shares of Macerich Company (The) in a research note on Friday, December 23rd. Zacks Investment Research lowered shares of Macerich Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. KeyCorp upgraded shares of Macerich Company (The) to an “overweight” rating in a research note on Wednesday, December 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $74.00 price target on shares of Macerich Company (The) in a research note on Tuesday. Finally, BMO Capital Markets set a $75.00 price target on shares of Macerich Company (The) and gave the company a “hold” rating in a research note on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.23.

Earnings History and Estimates for Macerich Company (The) (NYSE:MAC)

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Macerich Company (NYSE:MAC) opened at 68.37 on Thursday. Macerich Company has a 12-month low of $66.00 and a 12-month high of $94.51. The stock’s 50 day moving average is $69.53 and its 200 day moving average is $75.17. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 19.42 and a beta of 0.79.

Macerich Company (The) (NYSE:MAC) last posted its earnings results on Monday, February 6th. The real estate investment trust reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.01. Macerich Company (The) had a net margin of 49.65% and a return on equity of 11.24%. During the same quarter last year, the business posted $2.65 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Tuesday, February 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, February 16th. Macerich Company (The)’s dividend payout ratio (DPR) is currently 83.04%.

In other Macerich Company (The) news, EVP Robert D. Perlmutter sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $70.79, for a total value of $106,185.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hern Thomas E. O sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $70.00, for a total value of $350,000.00. Following the completion of the sale, the executive vice president now directly owns 55,077 shares of the company’s stock, valued at approximately $3,855,390. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: This story was posted by sleekmoney and is the property of of sleekmoney. If you are accessing this story on another publication, it was illegally copied and republished in violation of international trademark & copyright law. The original version of this story can be accessed at http://sleekmoney.com/q4-2017-eps-estimates-for-macerich-company-the-reduced-by-boenning-scattergood-mac/1655893.html.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in shares of Macerich Company (The) by 5.6% in the second quarter. Legal & General Group Plc now owns 986,694 shares of the real estate investment trust’s stock worth $84,231,000 after buying an additional 52,754 shares in the last quarter. Blackstone Group L.P. purchased a new position in shares of Macerich Company (The) during the second quarter worth $20,863,000. A.R.T. Advisors LLC boosted its position in shares of Macerich Company (The) by 114.6% in the second quarter. A.R.T. Advisors LLC now owns 59,242 shares of the real estate investment trust’s stock worth $5,058,000 after buying an additional 31,635 shares in the last quarter. Invictus RG purchased a new position in shares of Macerich Company (The) during the second quarter worth $395,000. Finally, Advantus Capital Management Inc boosted its position in shares of Macerich Company (The) by 5.8% in the second quarter. Advantus Capital Management Inc now owns 282,097 shares of the real estate investment trust’s stock worth $24,088,000 after buying an additional 15,454 shares in the last quarter. 92.55% of the stock is owned by institutional investors.

Macerich Company (The) Company Profile

The Macerich 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. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers.

5 Day Chart for NYSE:MAC

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