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

June 4, 2018 - By Maria Brooks

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.19, from 1.09 in 2017Q4. It is negative, as 31 investors sold Macerich Company shares while 106 reduced holdings. 30 funds opened positions while 93 raised stakes. 130.97 million shares or 3.27% less from 135.39 million shares in 2017Q4 were reported.
Calamos Advsrs Llc holds 0.02% or 66,969 shares in its portfolio. Tudor Investment Et Al holds 0.01% or 6,981 shares. Kbc Group Incorporated Nv holds 12,170 shares. Prudential Fin has invested 0.11% of its portfolio in Macerich Company (NYSE:MAC). Victory Cap Incorporated holds 650,603 shares. Fifth Third Retail Bank has invested 0% in Macerich Company (NYSE:MAC). Moreover, Independent Order Of Foresters has 3.67% invested in Macerich Company (NYSE:MAC). Moreover, San Francisco Sentry Investment Gp (Ca) has 0% invested in Macerich Company (NYSE:MAC). Manufacturers Life Ins The reported 119,421 shares. Vanguard Group Inc holds 0.05% of its portfolio in Macerich Company (NYSE:MAC) for 21.32M shares. Sector Pension Invest Board accumulated 6,056 shares. Passport Limited Company stated it has 100,000 shares. State Of Tennessee Treasury Department owns 0.02% invested in Macerich Company (NYSE:MAC) for 82,032 shares. Signaturefd Ltd Liability Co reported 11 shares stake. Wells Fargo Mn has invested 0% in Macerich Company (NYSE:MAC).

Macerich Company (NYSE:MAC) Ratings Coverage

Among 16 analysts covering Macerich (NYSE:MAC), 5 have Buy rating, 0 Sell and 11 Hold. Therefore 31% are positive. Macerich had 23 analyst reports since December 11, 2017 according to SRatingsIntel. The stock has “Hold” rating by J.P. Morgan on Tuesday, March 27. The stock of Macerich Company (NYSE:MAC) has “Buy” rating given on Friday, April 20 by Mizuho. The firm earned “Sector Perform” rating on Wednesday, January 3 by RBC Capital Markets. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, January 30. Mizuho maintained the shares of MAC in report on Friday, February 16 with “Hold” rating. The stock of Macerich Company (NYSE:MAC) earned “Neutral” rating by Citigroup on Friday, February 9. The firm has “Hold” rating given on Friday, January 26 by Evercore. The rating was downgraded by Evercore on Monday, December 11 to “Underperform”. The stock has “Buy” rating by Boenning & Scattergood on Wednesday, February 7. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, March 28 report. Below is a list of Macerich Company (NYSE:MAC) latest ratings and price target changes.

31/05/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $56 New Target: $57 Maintain
20/04/2018 Broker: Mizuho Rating: Buy New Target: $65.0000 Upgrade
20/04/2018 Broker: BMO Capital Markets Rating: Buy New Target: $66.0000 Upgrade
03/04/2018 Broker: SunTrust Rating: Hold New Target: $57.0000 Maintain
28/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $62 New Target: $64 Maintain
27/03/2018 Broker: J.P. Morgan Rating: Hold New Target: $65.0000 Downgrade
27/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
19/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $63.0 Maintain
14/03/2018 Broker: BTIG Research Rating: Buy New Target: $66.0
16/02/2018 Broker: Mizuho Rating: Hold New Target: $63.0 Maintain

The stock increased 1.28% or $0.71 during the last trading session, reaching $56.22. About 391,758 shares traded. Macerich Company (NYSE:MAC) has declined 9.01% since June 4, 2017 and is downtrending. It has underperformed by 21.58% the S&P500.

The Macerich Company is an independent real estate investment trust. The company has market cap of $8.51 billion. The firm invests in the real estate markets of the United States. It has a 55.12 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: Globenewswire.com which released: “New Research Coverage Highlights BlackRock Capital Investment, Tootsie Roll Industries, Catalyst Biosciences …” on May 23, 2018. Also Streetinsider.com published the news titled: “Starboard’s 13F Shows New Stake in Newell Rubbermaid (NWL), Increase in Forest City (FCE-A), Macerich (MAC …” on May 15, 2018. Seekingalpha.com‘s news article titled: “Macerich: Takeover Target?” with publication date: May 21, 2018 was also an interesting one.

Macerich Company (NYSE:MAC) Institutional Positions Chart

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