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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Macerich Company ( MAC) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Macerich Company fell 60 cents (-1.1%) to $55.83 on average volume. Throughout the day, 1.1 million shares of Macerich Company exchanged hands as compared to its average daily volume of 903,800 shares. The stock ranged in price between $55.58-$56.41 after having opened the day at $56.41 as compared to the previous trading day's close of $56.43. Other companies within the Real Estate industry that declined today were: Income Opportunity Realty Investors ( IOT), down 6.3%, Elbit Imaging ( EMITF), down 5.7%, SYSWIN ( SYSW), down 3.2%, and Tejon Ranch Corporation ( TRC), down 2.8%.
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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 $7.77 billion and is part of the financial sector. The company has a P/E ratio of 29.8, above the S&P 500 P/E ratio of 17.7. Shares are up 12.4% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Macerich Company a buy, no analysts rate it a sell, and nine 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, compelling growth in net income, revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Institutional Financial Markets ( IFMI), up 11.3%, Amrep Corporation ( AXR), up 11.2%, Bluegreen Corporation ( BXG), up 6.4%, and MPG Office ( MPG), up 5.4%, were all gainers within the real estate industry with Invesco Mortgage Capital ( IVR) being today's featured real estate industry leader.

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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