Is there a Bearish outlook for Macerich Company (NYSE:MAC) this week?

January 14, 2018 - By Nellie Frank

 Is there a Bearish outlook for Macerich Company (NYSE:MAC) this week?
Investors sentiment increased to 0.95 in Q3 2017. Its up 0.17, from 0.78 in 2017Q2. It increased, as 19 investors sold Macerich Company shares while 114 reduced holdings. 39 funds opened positions while 87 raised stakes. 134.98 million shares or 0.62% more from 134.15 million shares in 2017Q2 were reported.
Moody Savings Bank Trust Division has 0.01% invested in Macerich Company (NYSE:MAC). Tci Wealth Advisors Incorporated owns 59 shares. Franklin Resource invested 0% of its portfolio in Macerich Company (NYSE:MAC). Pictet Asset Mngmt reported 0.01% in Macerich Company (NYSE:MAC). 19,885 are owned by Exxonmobil Investment Mngmt Incorporated Tx. Pnc Financial Serv Gru Inc, a Pennsylvania-based fund reported 6,120 shares. Nomura Asset Mngmt Ltd has 80,896 shares for 0.06% of their portfolio. Rafferty Asset Mgmt Ltd Liability Corporation owns 22,844 shares or 0.03% of their US portfolio. Wells Fargo & Communications Mn reported 118,555 shares. The New York-based Jpmorgan Chase & Company has invested 0.02% in Macerich Company (NYSE:MAC). Ls Investment Advsr Limited Liability Company has 7,416 shares. Ftb has 0% invested in Macerich Company (NYSE:MAC) for 394 shares. Parametric Associate Ltd invested in 0.02% or 256,391 shares. Kamunting Street Cap Mgmt Ltd Partnership reported 40,000 shares. Presima Inc invested 0.31% in Macerich Company (NYSE:MAC).

Macerich Company (NYSE:MAC) Ratings Coverage

Among 21 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. The Macerich Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Thursday, September 28 with “Buy”. Credit Suisse reinitiated the shares of MAC in report on Wednesday, March 16 with “Underperform” rating. BTIG Research initiated the stock with “Buy” rating in Thursday, August 25 report. Jefferies maintained it with “Hold” rating and $57.0 target in Sunday, August 20 report. On Wednesday, June 7 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Macerich Company (NYSE:MAC) earned “Hold” rating by Canaccord Genuity on Monday, March 27. As per Monday, November 7, the company rating was upgraded by Mizuho. RBC Capital Markets maintained the shares of MAC in report on Wednesday, August 9 with “Buy” rating. The stock of Macerich Company (NYSE:MAC) has “Buy” rating given on Thursday, September 17 by Zacks. The stock of Macerich Company (NYSE:MAC) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, October 7. Below is a list of Macerich Company (NYSE:MAC) latest ratings and price target changes.

03/01/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
19/12/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
11/12/2017 Broker: Evercore Old Rating: In-Line New Rating: Underperform Downgrade
30/10/2017 Broker: Jefferies Rating: Hold New Target: $57.0 Maintain
28/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $75.0 Maintain
26/09/2017 Broker: J.P. Morgan Rating: Buy New Target: $68.0 Upgrade
25/09/2017 Broker: Jefferies Rating: Hold New Target: $57.0 Maintain
26/09/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
11/09/2017 Broker: BMO Capital Markets Rating: Hold New Target: $55.0
27/08/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $75.0 Maintain

The stock decreased 0.21% or $0.13 during the last trading session, reaching $62.97. About 503,187 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since January 14, 2017 and is downtrending. It has underperformed by 35.32% the S&P500.

The Macerich Company is an independent real estate investment trust. The company has market cap of $9.51 billion. The firm invests in the real estate markets of the United States. It has a 60.32 P/E ratio. It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States.

More recent Macerich Company (NYSE:MAC) news were published by: Bloomberg.com which released: “Loeb’s Third Point Takes Stake in Mall-Owner Macerich” on November 09, 2017. Also Bloomberg.com published the news titled: “Macerich Executives to Get $32 Million Sweetener If Firm Is Sold” on November 21, 2017. Prnewswire.com‘s news article titled: “Free Research Reports on These REIT Stocks — Macerich, Tanger Factory Outlet …” with publication date: January 05, 2018 was also an interesting one.

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