The Macerich Company (MAC): Today's Featured Real Estate Loser

Macerich Company ( MAC) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day up 0.3%. By the end of trading, Macerich Company fell 34 cents (-0.6%) to $61.90 on average volume. Throughout the day, 967,489 shares of Macerich Company exchanged hands as compared to its average daily volume of 876,100 shares. The stock ranged in price between $61.66-$62.39 after having opened the day at $62.34 as compared to the previous trading day's close of $62.24. Other company's within the Real Estate industry that declined today were: Bluegreen Corporation ( BXG), down 12%, Supertel Hospitality ( SPPR), down 5.9%, First Potomac Realty ( FPO), down 5.6%, and Elbit Imaging ( EMITF), down 4.7%.

The Macerich Company operates as a real estate investment trust (REIT) in the United States. Macerich Company has a market cap of $8.19 billion and is part of the financial sector. The company has a P/E ratio of 42.3, below the average real estate industry P/E ratio of 52.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 22.1% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate Macerich Company a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Macerich Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, SYSWIN ( SYSW), up 10.2%, IRSA Investments and Representations ( IRS), up 3.3%, Homex Development ( HXM), up 2.9%, and Kennedy-Wilson Holdings ( KW), up 2.9%, were all gainers within the real estate industry with Prologis ( PLD) being today's featured real estate industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).
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