Macerich (NYSE:MAC) Covered By Yet Another Research Firm

September 17, 2017 - By Marguerite Chambers

 Macerich (NYSE:MAC) Covered By Yet Another Research Firm

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.05, from 0.91 in 2016Q3. It turned negative, as 44 investors sold Macerich Co shares while 126 reduced holdings. 44 funds opened positions while 103 raised stakes. 129.69 million shares or 0.88% less from 130.85 million shares in 2016Q3 were reported.

Dupont Management Corp accumulated 6,134 shares. Jpmorgan Chase Com, a New York-based fund reported 3.87M shares. 61,147 are owned by Ngam Advsrs Ltd Partnership. Amer Natl Registered Invest Advisor invested in 0.24% or 7,543 shares. State Common Retirement Fund invested 0.03% of its portfolio in Macerich Co (NYSE:MAC). Balyasny Asset Mgmt Llc invested in 17,431 shares or 0.01% of the stock. Bessemer Gp has 0% invested in Macerich Co (NYSE:MAC). Ww Asset Management stated it has 13,145 shares or 0.04% of all its holdings. Ameritas Prtn holds 2,884 shares. State Street Corporation, Massachusetts-based fund reported 7.90M shares. Korea Corporation has 0.01% invested in Macerich Co (NYSE:MAC) for 29,900 shares. State Treasurer State Of Michigan reported 0.02% in Macerich Co (NYSE:MAC). Kbc Grp Inc Nv holds 0.11% in Macerich Co (NYSE:MAC) or 160,355 shares. Alps Advisors Inc holds 0.01% or 13,513 shares. Texas Permanent School Fund invested in 36,166 shares.

Why Has BMO Capital Given Macerich (NYSE:MAC) a $55.0 Price Target

BMO Capital shared with investors in a recent report that it has initiated coverage on Macerich (NYSE:MAC) stock, with “Hold” rating and a $55.0 price target.

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.05, from 0.91 in 2016Q3. It turned negative, as 44 investors sold Macerich Co shares while 126 reduced holdings. 44 funds opened positions while 103 raised stakes. 129.69 million shares or 0.88% less from 130.85 million shares in 2016Q3 were reported.

Dupont Management Corp accumulated 6,134 shares. Jpmorgan Chase Com, a New York-based fund reported 3.87M shares. 61,147 are owned by Ngam Advsrs Ltd Partnership. Amer Natl Registered Invest Advisor invested in 0.24% or 7,543 shares. State Common Retirement Fund invested 0.03% of its portfolio in Macerich Co (NYSE:MAC). Balyasny Asset Mgmt Llc invested in 17,431 shares or 0.01% of the stock. Bessemer Gp has 0% invested in Macerich Co (NYSE:MAC). Ww Asset Management stated it has 13,145 shares or 0.04% of all its holdings. Ameritas Prtn holds 2,884 shares. State Street Corporation, Massachusetts-based fund reported 7.90M shares. Korea Corporation has 0.01% invested in Macerich Co (NYSE:MAC) for 29,900 shares. State Treasurer State Of Michigan reported 0.02% in Macerich Co (NYSE:MAC). Kbc Grp Inc Nv holds 0.11% in Macerich Co (NYSE:MAC) or 160,355 shares. Alps Advisors Inc holds 0.01% or 13,513 shares. Texas Permanent School Fund invested in 36,166 shares.

Macerich Co (NYSE:MAC) Ratings Coverage

Among 17 analysts covering The Macerich Company (NYSE:MAC), 6 have Buy rating, 2 Sell and 9 Hold. Therefore 35% are positive. The Macerich Company has $102 highest and $55.0 lowest target. $75.94’s average target is 36.51% above currents $55.63 stock price. The Macerich Company had 40 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Boenning & Scattergood to “Neutral” on Wednesday, April 6. The company was maintained on Sunday, August 20 by Jefferies. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, November 3 report. The stock of Macerich Co (NYSE:MAC) earned “Buy” rating by Zacks on Thursday, September 17. The firm earned “Neutral” rating on Monday, March 28 by Bank of America. Mizuho upgraded the stock to “Buy” rating in Monday, November 7 report. Jefferies maintained the shares of MAC in report on Friday, June 16 with “Hold” rating. The stock of Macerich Co (NYSE:MAC) has “Hold” rating given on Monday, July 17 by Jefferies. The stock has “Hold” rating by Boenning & Scattergood on Friday, August 4. The company was maintained on Wednesday, August 31 by Jefferies.

The stock decreased 0.27% or $0.15 on September 15, reaching $55.63. About 4.04 million shares traded or 164.05% up from the average. Macerich Co (NYSE:MAC) has declined 18.62% since September 17, 2016 and is downtrending. It has underperformed by 35.32% the S&P500.

Analysts await Macerich Co (NYSE:MAC) to report earnings on October, 26. They expect $0.98 EPS, down 5.77 % or $0.06 from last year’s $1.04 per share. MAC’s profit will be $138.64 million for 14.19 P/E if the $0.98 EPS becomes a reality. After $0.98 actual EPS reported by Macerich Co for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

The Macerich Company is a self-administered and self-managed real estate investment trust . The company has market cap of $7.87 billion. The Firm is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. It has a 54.46 P/E ratio. The Firm owns ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership).

More news for Macerich Co (NYSE:MAC) were recently published by: Seekingalpha.com, which released: “Macerich And The Public/Private Valuation Gap” on May 03, 2017. Seekingalpha.com‘s article titled: “Macerich: Where Is The Bottom?” and published on September 05, 2017 is yet another important article.

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