Macerich Company (The) Common S (NYSE:MAC):
Macerich Announces Strong Quarterly Results.
The company is so far trading down by -2.71 percent from yesterday’s close.
Additionally Macerich Company (The) Common S announced a dividend paid on Thursday the 8th of September 2016. The dividend payment was $0.710 per share for the quarter which is $2.84 annualized. This dividend amount was represent a yeild of $3.80. The ex-dividend date was set for Wednesday the 17th of August 2016.
Shares last traded at $70.62 which is just under $78.30, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $80.74. The 50 day moving average was down by -9.80% and the 200 day average moved down $-10.12.
The P/E ratio is currently 11.86 and market capitalization 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 currently outstanding. Next quarter’s EPS is forecasted at $1.19 and the next full year EPS is projected to be $4.42.
Wall Street investment firms have issued ratings on MAC recently. On October 4 Deutsche Bank kept the stock rating at “Hold” and raised the price expectation to $87.00 from $84.00. BTIG Research began coverage giving it an initial rating of “Buy” and setting a price target of $97.00.
July 18 investment analysts at Deutsche Bank maintained a stock rating of “Hold” but raised the price expectation from $80.00 to $84.00. On May 6 the company was changed to a “Outperform” by RBC Capital up from the previous “” rating.
Equity analyst Mizuho Securities started covering MAC with a rating of “Neutral” and establishing a price target of $88.00. On April 6, 2016 the stock rating was set at “Neutral” in a report from Boenning & Scattergood which was a cut from the previous “Outperform” rating.