BPO, MAC And PSA, Pushing Real Estate Industry Downward
2. As of noon trading, Macerich Company ( MAC) is down $0.48 (-0.8%) to $62.32 on light volume Thus far, 510,412 shares of Macerich Company exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $62.25-$63.29 after having opened the day at $62.63 as compared to the previous trading day's close of $62.80. The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. Macerich Company has a market cap of $8.4 billion and is part of the financial sector. The company has a P/E ratio of 32.8, above the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Macerich Company a buy, no analysts rate it a sell, and 12 rate it a hold. TheStreet Ratings rates Macerich Company as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and feeble growth in the company's earnings per share. Get the full Macerich Company Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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