Barclays Capital Reaffirms Equalweight Rating on The Macerich Company (MAC)

By admin | 6 years ago

The Macerich Company (NYSE: MAC)‘s stock had its “equalweight” rating reiterated by investment analysts at Barclays Capital (NYSE: BCS) in a note issued to investors on Thursday.

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.

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