Macerich Company (The) Common S (NYSE:MAC):
Macerich’s Market-Dominant Inland Center Opens Brand New JCPenney Department Store.
In the market the company is trading down from yesterday’s close of $72.59.
Macerich Company (The) Common S also announced a dividend for shareholders that was paid on Thursday the 8th of September 2016. The dividend was $0.710 per share for the quarter which comes to $2.84 on an annualized basis. This dividend amount was represent a yeild of $3.80. The ex-dividend date was set for Wednesday the 17th of August 2016.
It is trading at $70.62 which is just under the 50 day moving average of $78.30 and which is marginally 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 cap of the company is 10.14B. As of the latest earnings report the EPS was $5.95 and is estimated to be $4.12 for the current year with 143,625,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $1.19 and the next full year EPS is anticipated to be $4.42.
Wall Street investment firms have weighed in on MAC of late. October 4 investment analysts at Deutsche Bank left the company rating at “Hold” but moved up the price target to $87.00 from $84.00. On August 25 analysts at BTIG Research began coverage giving it an initial rating of “Buy” and establishing a price target of $97.00.
On July 18 Deutsche Bank held the stock rating at “Hold” and raised the price target from $80.00 to $84.00. On May 6 the company was upgraded from “” to “Outperform” in a report issued by RBC Capital.
On April 13, 2016 Mizuho Securities starting coverage on the stock setting a rating of “Neutral” and projecting a price target of $88.00. On April 6, 2016 the stock rating was changed to a “Neutral” by Boenning & Scattergood which was a cut from the previous “Outperform” rating.