Why I Trimmed My Position In Tanger [Seeking Alpha]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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US:NYSE Investor Relations:
macerich.com/investors
Company Research
Source: Seeking Alpha
Summary Simply put, Tanger provided awful 2020 guidance. A-mall like Macerich and Taubman have plummeted YTD while Tanger is actually up quite a bit. What's more, I am not the biggest fan of the outlet model, as outlined in my previous articles. I trimmed a bit more than 3/4 of my position in Tanger (booking a small gain) and redeployed the proceeds in Macerich and Taubman. Going forward, I believe that Tanger might face a credit downgrade. That said, the dividend will most likely remain in tact. My switch largely has to do with relative valuations with respect to A-mall names. This is my fourth article on Tanger ( SKT awful 2020 guidance MAC TCO Since my Key reasons for my bullish stance at the time included: That said, I have been quite skeptical on the outlet model However, I have some concerns about the outlet model going forward, especially outlet centers in well out-of-town locations with limited alternative use potential. Regarding SKT in particular, I believe the positi
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MAC
News
- The Macerich Company (NYSE: MAC) was upgraded by analysts at Mizuho from an "underperform" rating to a "neutral" rating. They now have a $22.00 price target on the stock, up previously from $14.00.MarketBeat
- 5 stocks that can snag investors a holiday deal, according to Morningstar [Business Insider]Business Insider
- Macerich Announces Pricing of Upsized Public Offering of Common StockGlobeNewswire
- Macerich Announces Commencement of Public Offering of Common StockGlobeNewswire
- New owner of Biltmore Fashion Park announces new retailers at Phoenix shopping center [Yahoo! Finance]Yahoo! Finance
MAC
Earnings
- 11/7/24 - Miss
MAC
Sec Filings
- 11/27/24 - Form 8-K
- 11/26/24 - Form 424B5
- 11/25/24 - Form 424B5
- MAC's page on the SEC website