Home Dividends High Dividend Yield Trading Results: Macerich Company (NYSE: MAC)

Trading Results: Macerich Company (NYSE: MAC)

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Macerich Company is in the REITs industry and trades as part of the real estate sector. 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 1.23% with an open at 43.18 and a close of 43.77. It reached an intraday high of 43.88 and a low of 42.94.

SeekingAlpha:  Macerich: Is Becoming A Steal

Liquidity:

The stock has a market cap of $6.2b with 141.2m shares outstanding, of which the float is 140.2m shares. Trading volume reached 1,946,182 shares compared to its average volume of 1,422,139 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 -3.78% and in the past 30 trading days it returned 1.46%. Over three months, it changed -14.18%. In one year it has changed -24.14% and within that year its 52-week high was 61.91 and its 52-week low was 40.90. MAC stock is 7.02% above its 52 Week Low.

Our calculations show a 200 day moving average of 52.27 and a 50 day moving average of 45.98. Currently MAC stock is trading -16.26% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Macerich Co. (MAC) CEO Tom O’Hern on Q4 2018 Results – Earnings Call Transcript

Earnings:

The last annual fiscal EPS for the company was reported at 3.86 that ended on 31st of December 2018, which according to the previous close, that is a PE of 42.91. Based on 7 analyst estimates, the consensus EPS for the next quarter is 1.09. The TTM EPS is 3.86, which comes to a TTM PE of 11.34. Historically, the PE high was 42.91 and the PE low was 6.90. If the stock reached its PE low, that would represent a price of 26.63, which is a decrease of -39.15%.

The following are the last four quarter reported earnings per share:
12-31-2018:  1.09
09-30-2018:  0.99
06-30-2018:  0.96
03-31-2018:  0.82

The dividend per share is currently 3.00, which is a dividend yield of 6.85%.

Base on our calculations, the intrinsic value per share is 46.93, which means it is possibly undervalued and has a margin of safety of 6.72%

Indicators to Watch:

Based on the latest filings, there is 0.70% of insider ownership and 134.60% of institutional ownership. Short-interest is 8,671,728, which is 6.14% of shares outstanding. The short-interest ratio or days-to-cover ratio is 6.61. 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 0.91

SeekingAlpha:  Macerich Co. (MAC) CEO Tom O’Hern on Q4 2018 Results – Earnings Call Transcript

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 1.81%, return on assets is 0.64%, profit margin is 7.66%, price-to-sales is 6.78 and price-to-book is 2.07.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 1  :Past Performance Score
 0  :Financial Strength Score
 1  :Future Growth Score
 4  :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.