Barclays Capital Reaffirms Equalweight Rating on The Macerich Company (MAC)
The Macerich Company opened at 56.89 on Thursday. The Macerich Company has a 1-year low of $38.64 and a 1-year high of $62.83. The company has a market cap of $7.541 billion and a price-to-earnings ratio of 54.65.
The Macerich Company last released its earnings data on Wednesday, May 2nd. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.05. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that The Macerich Company will post $0.76 EPS next quarter.
A number of other firms have also recently commented on MAC. Analysts at Stifel Nicolaus downgraded shares of The Macerich Company from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Jefferies Group (NYSE: JEF) downgraded shares of The Macerich Company from a “buy” rating to a “hold” rating in a research note to investors on Friday, May 11st. Finally, analysts at UBS AG (NYSE: UBS) downgraded shares of The Macerich Company from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, May 10th. They now have a $61.00 price target on the stock.
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 shopping centers located throughout the United States.