|Bid||31.96 x 1100|
|Ask||34.00 x 800|
|Day's Range||31.53 - 32.56|
|52 Week Range||31.53 - 60.95|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||45.11|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||3.00 (9.37%)|
|1y Target Est||43.18|
Over the next month or so, school starts up again across the United States. And for parents, that means a frenzied rush of back-to-school shopping.As investors, how can we cash in on the excitement?Obviously, Amazon (NASDAQ:AMZN) has done a number on many brick-and-mortar retailers. But others are figuring out ways to prosper despite the rapidly changing retail landscape.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Here are four retail stocks to buy as summer vacations wind down. Retail Stocks to Buy: Ross Stores (ROST)An overarching theme in the so-called retail apocalypse has been the collapse of department stores such as Sears and Bon-Ton. It has certainly been the end of an era for the traditional department-store led regional mall.But Amazon hasn't ended clothes shopping at brick-and-mortar locations; much of the traffic has moved to non-mall retailers.And no group of these has done better than the off-department store clothing chains. Ross Stores (NASDAQ:ROST) is a perfect example of this category. Ross is set up in (generally) cheaper shopping center locations offering great branded products in no-frill stores at rock-bottom prices.Though Ross is a well-oiled supply chain and laser-focused on keeping overhead down, it can thrive in the new retail landscape. Its prices are competitive - if not better - than what you find online. Ross may not have the best consumer experience, but for people hunting for a bargain, it's the place to be.At 21.5x earnings, ROST stock isn't cheap, but it's not too expensive for a firm that is still growing rapidly. Additionally, ROST stock is just now approaching its high from last fall. Once it tops that, shares should break out technically to new highs. Macerich (MAC)If you like shopping at the mall, it's worth considering buying a mall REIT operator. Be careful in what you buy, however. Lower-end mall stocks have gotten pummeled as e-commerce has crushed many malls' fortunes.Analysts see the field dividing, however, with the strong malls getting stronger while weak malls fade and ultimately close or get redeveloped.Enter Macerich (NYSE:MAC). It is one of the strongest mall operators in the U.S. Its malls generate more than $700 per square foot of retail sales - that's 40% above the national average. If you live in a large metro area, there's a great chance that either Macerich or Simon Property (NYSE:SPG) owns the most luxurious mall or two near you.Why buy Macerich over the larger Simon? For one thing, Macerich's malls average even more sales per square foot than Simon. And like its sales, its dividend yield is bigger too - MAC stock pays a juicy 8.9% dividend now, compared to a more modest 5% from Simon.MAC stock has gotten cheap because it is relatively highly-levered. Investors fretted about whether it could maintain its dividend if a recession hit. But with the economy picking up and the Fed set to cut rates, Macerich should be fine on that front. * 7 Dependable Dividend Stocks to Buy Meanwhile, they've got several development projects in the works which should boost their cash flow - and ensure the dividend's safety - going forward. When you go to the mall, if you own MAC stock, you are, in a small way, helping pay yourself a dividend as you shop. Bloomin' Brands (BLMN)While you're out doing your back-to-school shopping, you may work up an appetite. That will lead you to my favorite sub-sector within retail: the restaurants. And thankfully, there's a tasty bargain on offer in this sector right now. That would be Bloomin' Brands (NASDAQ:BLMN). Bloomin' owns Outback Steakhouse, Carrabba's, and Bonefish Grill among its trademarks.BLMN stock fell from $22 earlier this year to just $17 now in large part due to analyst downgrades. These downgrades were based on fears about the impact of African Swine Fever. This disease has stricken tens of millions of pigs in China and other neighboring countries, causing the price of pork to spike. In theory, Bloomin' will have to pay more for meat, and thus its profits will drop - or so say the analysts.In practice, however, beef - not pork - is the main product Bloomin' sells, aside from its chain focused on fish. Sure, rising pork prices will be a minor negative, but there's no reason for BLMN stock to be down 25% when pork likely makes up just a couple percent (if that) of Bloomin's costs.One of the analysts that downgraded Bloomin' also cut their rating on Chipotle (NYSE:CMG) due to swine flu fears. Chipotle responded by saying that although it indeed sells a large amount of carnitas pork, the swine fever would have an inconsequential impact on its results. CMG stock bounced back up. Bloomin' will follow once investors figure out that the swine scare is no big deal for the company. Who goes to Outback to order a pork chop anyway? PriceSmart (PSMT)You may have noticed that Costco (NASDAQ:COST) has quietly been one of the top-performing retail stocks of the past decade. It's up eight-fold, in fact, since the early 2000s.For investors that missed Costco, there's good news - a copycat has taken the Costco model to Central and South America. It's called PriceSmart (NASDAQ:PSMT), and it operates in Colombia, Panama, Costa Rica, and other such countries using the same membership and low-cost retail model.Until recently, investors took the "Costco of Latin America" label a little too seriously, and bid PriceSmart stock up to the stratosphere. It often traded above 30x earnings despite relatively slow earnings growth. A recent drop in emerging market sentiment, along with PriceSmart struggling to find good new store locations, has finally taken the stock back to a more reasonable valuation. Additionally, an earnings misssent PSMT stock down to near its 52-week lows.While PriceSmart is now priced attractively for being a standalone operation, it has also become an intriguing takeover target. Walmart (NYSE:WMT) - the largest retailer in Mexico and Central America - might take a look. It's a natural bolt-on given that Walmart already runs that type of store with its Sam's Club franchise. Falabella - Chile's dominant retailer - has been expanding northward and could use more presence in Colombia. And Exito, Colombia's leading grocery and hypermarket player, could be another potential PriceSmart buyer.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 4 Retail Stocks to Buy in Time for the Back-to-School Rush appeared first on InvestorPlace.
There's nothing more satisfying that getting money for doing nothing. That's why dividend stocks hold so much appeal for portfolios. After a one-time investment, top dividend stocks will pay you year in and year out, for doing nothing except holding them. This has to be one of the greatest forces in all of investing. And everyone likes getting money for free.To that end, high-yielding dividend stocks could be an income seeker's or retiree's best friend.By focusing on those stocks with above-average yields, investors can truly supercharge their current income. The best part is that many of the highest-yielding dividend stocks in the S&P 500 aren't exactly risky names. We're talking huge companies with plenty of cash flows and earnings to back-up those payouts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2019: A Volatile First Half The truth is, there are plenty of big-time stocks that are producing some serious income for their shareholders. Here are five of the best high-yielding dividend stocks in the S&P 500. Macerich Company (MAC)Dividend Yield: 9%Source: Shutterstock With a nearly 9% yield, Macerich (NYSE:MAC) tops the list as one of the highest-yielding dividend stocks in the S&P 500. That high yield can be explained in two ways: For starters, MAC is a real estate investment trust (REIT). As a REIT, the firm is required to pay out the bulk of its cash flows to investors as dividends in order to take advantage of lucrative tax breaks.The second reason is that Macerich is a retail real estate owner -- specifically a mall owner. As e-commerce has taken hold, stocks like MAC have taken it on the chin.Today, MAC stock sits at new eight-year lows.This could be a prime time to load up on such a high-yielding dividend stock. The reason is that MAC doesn't own slouch malls. Yes, junky Class B malls are dying, but premium Class A shopping malls are thriving. MAC owns 48 of these high-end malls and they continue to see high occupancy rates -- over 95% -- and sales per square foot -- around $869.Meanwhile, the firm continues to change its tenant mix to involve more experiences, dining and entertainment options. This has only boosted traffic and sales further.The point is, MAC is being unfairly cast aside with the lower mall operators. This has shown up in its ability to boost critical funds from operations (FFO) measures over the retail Armageddon. It has also continued to raise its standard dividend as well as pay special ones.All in all, Macerich is one high-yielding dividend stock to snag-up. Iron Mountain Inc (IRM)Dividend Yield: 7.64%Source: Orin Zebest via FlickrLike Macerich, Iron Mountain (NYSE:IRM) is also a REIT, but IRM is a tad bit different. The firm makes its money by owning records and data storage facilities around the world. In fact, Iron Mountain is the biggest provider of such facilities with more than 1,400 different locations.It turns out this is an incredibly profitable and needed niche. Key customers include nearly everyone in the Fortune 1000 as well as various government organizations. With retention rates as high as 98%, IRM is able to pull in some hefty cash flows from the "rent" it charges these customers. Last year, it was able to grow its total FFO by nearly 19% and boost its dividend by over 6%.The best part is that Iron Mountain continues to evolve. It's no secret that digital records and data creation is growing by leaps and bounds. To this end, IRM has expanded in datacenter, cloud and digital hard drive access for its clients.Given its leadership position in physical document storage, the firm has had great success in upselling these digital products to customers. And with higher margins for cloud storage, IRM should be able to keep the growth coming for years. * 7 A-Rated Stocks to Buy for the Rest of 2019 And yet, because of its quirky nature, investors don't really pay too much attention to Iron Mountain. That fact provides it with a whopping 7.64% dividend yield. Philip Morris International (PM)Dividend Yield: 5.66%Source: Taber Andrew Bain Via FlickrWe all know smoking is dying a quick death here in the United States. Even e-cigarettes are getting the evil eye from regulators, which is just fine for tobacco stock Philip Morris International (NYSE:PM).The key for PM is the "international" in its name. The firm operates and sells tobacco in over 180 countries and territories with the U.S. not being one of them. Emerging markets such as Indonesia, Russia, China, and India make up the bulk of the firms' revenues.And those revenues continue to rise as smoking still carries some "cool" factor in these regions and is considered a small luxury. All in all, PM sold more than $29.6 billion dollars' worth of tobacco last year -- a 3.1% year-over-year jump.Philip Morris' future looks rosy as well.Big tobacco enjoys some big pricing power. Nicotine is an addictive substance and PM is able to pass on price increases to cover costs to consumers pretty easily. Secondly, the firm's IQOS heated-tobacco delivery system is seeing some very impressive numbers. Shipments for IQOS jumped 20% to reach 11.5 billion units in the firm's most recent quarter. All of this continues to strengthen the firm's cash flows, bottom line, and dividend prowess.The reality is, PM is one of the highest yielding dividend stocks because it's a hated vice firm. Not because fundamentals are bad. AbbVie (ABBV)Dividend Yield: 5.71%Source: Shutterstock The giant pharmaceutical firms have long been great dividend stocks. This includes biotech king AbbVie (NASDAQ:ABBV). Driving that fact has been its blockbuster drug Humira.Last year alone, the autoimmune-disease medication brought in nearly $20 billion for ABBV -- an increase of 8.2% over 2017's numbers. The drug has continued to drive ABBV's dividend -- currently at almost 6%.The problem is, Humira is facing the proverbial patent cliff sooner than later. Given that the drug is responsible for the bulk of AbbVie's revenues, this cliff shouldn't be taken lightly. And that's one of the reasons why the dividend stocks yield is so high.However, ABBV has a plan to replace that missing revenue. To begin with, the firm is buying out fellow biotech rival Allergan (NYSE:AGN). AGN features hits like Botox and other blockbusters in its umbrella. Meanwhile, AbbVie has recently scored several approvals that could turn into real cash cows over time. Add in its rich pipeline that is now more robust from the AGN buy and you have a recipe for continued cash flows. * 10 Stocks That Should Be Every Young Investor's First Choice For investors, there's plenty of potential in the dividend stock and you can grab that potential at a very high yield. Williams (WMB)Dividend Yield: 5.35%Source: Shutterstock Pipeline firms have often been called the "toll roads of the energy sector." That's because they are paid on the volume of oil and natural gas flowing through their systems. After a few years of simplification, the sector is now back to those roots. That includes top pipeline firm Williams (NYSE:WMB).WMB owns plenty of top-notch natural gas assets in key areas such as the Marcellus shale and the DJ Basin. These assets feature plenty of cash flows tied to their volumes. This provides less risk for Williams as many of these assets are paid via so-called "take or pay" contracts. And WMB's continues to add capacity and expansions to these prime pipelines and gathering systems. This will help expand WMB's cash flows further down the road.These moves seem to be working.Last quarter, WMB saw a big 12% boost to its quarter-over-quarter cash flow from operations, and a big 8% jump in its distributable cash flows. With that, management expects to be able to grow its dividend payout by between 10% and 15% this year. That's pretty impressive considering that WMB already yields 5.35%. With a full slate of expansion projects for the next few years, Williams should be able to keep the growth coming for years to come.For investors, pipelines have historically been some of the best dividend stocks. WMB is continuing that tradition.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post The S&P 500as 5 Best Highest-Yielding Dividend Stocks appeared first on InvestorPlace.
In sync with its disposition target for the current year, Kimco Realty (KIM) reports Q2 transaction activities, including disposition of three properties and one land parcel, for $103.7 million.
Macerich Co NYSE:MACView full report here! Summary * Bearish sentiment is moderate and increasing * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NegativeShort interest is moderately high for MAC with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on July 2. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.55 billion over the last one-month into ETFs that hold MAC are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Shares of real estate investment trusts rallied Wednesday, as the drop in the 10-year Treasury note yield to a 2 1/2-year low helped make high dividend yielders more attractive. The SPDR Real Estate Select Sector ETF hiked up 1.3%, to lead all of the S&P 500's 11 sectors higher. Of the REIT ETF's (XLRE) 32 components, 31 traded higher. Among the XLRE's more-active components, shares of Host Hotels & Resorts Inc. rose 1.3%, Weyerhaeuser Co. gained 1.2%, Kimco Realty Corp. tacked on 0.9%, Ventas Inc. added 2.2% and American Tower REIT climbed 2.2%. Of the XLRE's highest yielders, Macerich Co.'s stock yields 9.03% and slipped 0.1% after gaining 2.4% on Tuesday; and Iron Mountain Inc. shares gained 0.9% and yields 7.68%, after surging 2.9% on Tuesday. The XLRE's implied dividend yield is 3.24%, compared with the S&P 500's yield of 1.92%. The yield on the 10-year Treasury note fell 2.4 basis points to 1.952%, on track for the lowest close since November 2016.
Regency Centers' (REG) acquisition of The Pruneyard's retail space is a strategic fit, given the property's appropriate location, impressive merchandising mix and top-class amenities.
MAC is a real estate investment trust, and REITs tend to trade at multiples of "funds from operations" (FFO) rather than price to earnings ratios like normal corporations do. Macerich had a great run from 2010 through 2015, rising from south of $30 to north of $95. As of the middle of this year, Macerich sat at just $33.49 a share.
The real estate investment trust sector is the best performer of the S&P 500's 11 key sectors in morning trading Tuesday, as a drop in Treasury yields is helping the high-yielding sector attract buyers. The SPDR Real Estate Select Sector ETF surged 1.3% with 31 of 32 components gaining ground. The ETF's (XLRE) dividend yield is currently 3.30%, compared with the implied yield for the S&P 500 of 1.94% and the yield on the 10-year Treasury note, which is down 2.4 basis points in morning trading, of 2.01%. The XLRE's biggest gainer is HCP Inc.'s stock which rallied 2.3%; the REIT, which invests primarily in health care assets, has a dividend yield of 4.58%. The XLRE's highest yielder is Macerich Co.'s stock , which has a yield of 9.09% and is rallying 1.8%. Among other more-active components, shares of Host Hotels & Resorts Inc. rose 0.7% and yields 4.37%, Ventas Inc. gained 0.8% and yields 4.63% and Iron Mountain Inc. tacked on 1.9% and yields 7.80%. The XLRE has rallied 20.0% year to date, while the S&P 500 has advanced 18.3%.
Mall owners are getting hit anew by a retail downturn. What REITs are doing what it takes to thrive in a tough consumer environment?
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable […]
In our Global Hidden Gems Portfolio, apart from handpicking stocks that are profitable but trading less than net cash, we also featured high dividend yield stocks around the world in a monthly basis. Here is a list of 70 stocks with the highest yields, but with volatility in the S&P 500 basket. Warning! GuruFocus has detected 3 Warning Signs with CTL.
Macerich (MAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
SANTA MONICA, Calif. , May 31, 2019 /PRNewswire/ -- Macerich® (NYSE: MAC) today announced that Tom O'Hern , Chief Executive Officer, Scott Kingsmore , Executive Vice President, Chief Financial Officer ...
CEO of Macerich Co (NYSE:MAC) Hern Thomas E O bought 5,000 shares of MAC on 05/29/2019 at an average price of $37.11 a share.
Zacks Market Edge Highlights: Omega Healthcare Investors, Innovative Industrial Properties, Arbor Realty Trust, GEO Group and Macerich
CEO of Macerich Co (NYSE:MAC) Hern Thomas E O bought 5,000 shares of MAC on 05/23/2019 at an average price of $39.69 a share.
Simon Property (SPG) is making immense efforts to boost the value of its retail properties. The latest Tom Ford store opening announcement is in sync with its transformational plans.
Simon Property (SPG) is undertaking strategic measures to help online retailers fortify their physical presence, besides taking steps to support omni-channel strategy.
For the past few years, Arden Fair has become one of the quietly hippest art showcases in town, with dancers, muralists, musicians and spontaneous customers who may bust a move with the slightest encouragement among the practitioners. “When I came on board two years ago as marketing manager, Arden Fair had already been working at bringing the local community and local arts together at events like this,” says Nathan Spradlin, who works for the mall’s managing company, Macerich. “For most of the events at Arden Fair, there was a deliberate sense of ether you come by and see it or it’s gone, meaning they’d last only one day,” he says.
CBL Properties (CBL) to add Round1 Bowling & Amusement at its Northwoods Mall and South County Center, making both properties premier entertainment destinations.