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 was unchanged today. By the end of trading, Macerich Company fell 47 cents (-0.8%) to $59.68 on average volume. Throughout the day, 1.1 million shares of Macerich Company exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $59.02-$59.74 after having opened the day at $59.28 as compared to the previous trading day's close of $60.15. Other company's within the Real Estate industry that declined today were: Homex Development ( HXM), down 4.7%, American Realty Investors ( ARL), down 4.1%, HFF ( HF), down 3.7%, and Capital ( CT), down 3.3%.

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 $7.97 billion and is part of the financial sector. The company has a P/E ratio of 34.9, below the average real estate industry P/E ratio of 55.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Macerich Company a buy, no analysts rate it a sell, and eight 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 solid stock price performance, revenue growth, good cash flow from operations, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Intergroup Corporation ( INTG), up 8.8%, Transcontinental Realty ( TCI), up 6.4%, J.W. Mays ( MAYS), up 4.8%, and MPG Office ( MPG), up 4.2%, were all gainers within the real estate industry with Annaly Capital Management ( NLY) 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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