Macerich Company (The) Common S (NYSE:MAC):
Macerich’s Market-Dominant Inland Center Opens Brand New JCPenney Department Store.
The company is down from yesterday’s close of $72.59.
Additionally the company recently announced a dividend that was paid on Thursday the 8th of September 2016. The dividend was $0.710 per share for the quarter or $2.84 on an annualized basis. This dividend represents a yield of $3.80. The ex-dividend date was set for Wednesday the 17th of August 2016.
Company shares last traded at $70.62 which is marginally under $78.30, the 50 day moving average and a tad under the 200 day moving average of $80.74. The 50 day moving average was down by -9.80% whereas the 200 day moving average was down $-10.12 or -12.53%.
The P/E ratio is currently 11.86 and the market value is 10.14B. As of the latest earnings report the EPS was $5.95 and is projected to be $4.12 for the current year with 143,625,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.19 with next year’s EPS projected to be $4.42.
Analysts have provided guidance on Macerich Company (The) Common S. On October 4 Deutsche Bank left the company rating at “Hold” but raised the price target to $87.00 from $84.00. Equity analyst BTIG Research issued its first research report on the stock by announcing an initial rating of “Buy” and price target of $97.00.
July 18 investment analysts at Deutsche Bank left the stock rating at “Hold” and raised the price expectation from $80.00 to $84.00. On May 6 the stock rating was upgraded from “” to “Outperform” by analysts at RBC Capital.
On April 13, 2016 Mizuho Securities initiated coverage setting a rating of “Neutral” and a price target of $88.00. On April 6 the company was downgraded to “Neutral” from “Outperform” in a report issued by Boenning & Scattergood.