Home Dividends High Dividend Yield Long or Short: Macerich Company (NYSE: MAC)

Long or Short: Macerich Company (NYSE: MAC)

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Macerich Company trades as part of the REITs industry and real estate sector. The company CEO is Arthur M. Coppola. Macerich Co is a real estate investment trust. Its business includes ownership, development, redevelopment, management and leasing of regional and community shopping centers.

Previous Intraday Trading Performance:

The MAC stock showed a previous change of 0.02% with an open at 57.01 and a close of 57.01. It reached an intraday high of 57.60 and a low of 56.80.

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Liquidity:

The stock has a market cap of $8.0b with 141.0m shares outstanding, of which the float is 139.9m shares. Trading volume reached 743,569 shares compared to its average volume of 1,191,545 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Macerich Company shares returned 0.94% and in the past 30 trading days it returned 0.20%. Over three months, it changed -0.63%. In one year it has changed 0.89% and within that year its 52-week high was 69.73 and its 52-week low was 52.12. MAC stock is 9.38% above its 52 Week Low.

Our calculations show a 200 day moving average of 57.74 and a 50 day moving average of 56.35. Currently MAC stock is trading -1.27% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.02 that ended on 2017-12-31, which according to the previous close, that is a PE of 55.89. Based on 9 analyst estimates, the consensus EPS for the next quarter is 0.81. The TTM EPS is 3.89, which comes to a TTM PE of 14.66. Historically, the PE high was 55.89 and the PE low was 7.20. If the stock reached its PE low, that would represent a price of 28.00, which is a decrease of -50.89%.

The following are the last four quarter reported earnings per share:
03-31-2018:  0.82
12-31-2017:  1.13
09-30-2017:  0.96
06-30-2017:  0.98

The dividend per share is currently 2.96, which is a dividend yield of 5.19%.

Base on our calculations, the intrinsic value per share is 58.35, which means it is possibly undervalued and has a margin of safety of 2.30%

Indicators to Watch:

Based on the latest filings, there is 89.60% of institutional ownership. Short-interest is 9,643,050, which is 6.84% of shares outstanding. The short-interest ratio or days-to-cover ratio is 6.26. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.85

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Fundamental Indicators:

Based on last reported financials, the company's return on equity is 1.12%, return on assets is 0.42%, profit margin is 5.50%, price-to-sales is 8.51 and price-to-book is 2.55.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 2  :Past Performance Score
 2  :Financial Strength Score
 2  :Future Growth Score
 2  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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