Macerich (MAC) Moves 6.8% Higher: Will This Strength Last?

Macerich MAC shares rallied 6.8% in the last trading session to close at $17.9. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.4% loss over the past four weeks.The increased investor optimism in the stock can be attributed to B of A Securities’ news of upgrading the Macerich’s stock rating from "neutral" to "buy”.This shopping center real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.37 per share in its upcoming report, which represents a year-over-year change of -2.6%. Revenues are expected to be $256.34 million, up 16.4% from the year-ago quarter.FFO and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in FFO estimate revisions are strongly correlated with near-term stock price movements.For Macerich, the consensus estimate for FFO per share for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in FFO estimate revision usually translates into price appreciation. So, make sure to keep an eye on MAC going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Macerich is a member of the Zacks REIT and Equity Trust - Retail industry. One other stock in the same industry, Realty Income Corp. O, finished the last trading session 0.9% higher at $60.32. O has returned 2.9% over the past month.Realty Income Corp.'s consensus estimate for FFO per share for the upcoming report has remained unchanged over the past month at $1.07. Compared to the company's year-ago FFO per share, this represents a change of +1.9%. Realty Income Corp. currently boasts a Zacks Rank of #3 (Hold).5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Macerich Company (The) (MAC): Free Stock Analysis Report Realty Income Corporation (O): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks