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

February 17, 2018 - By Clifton Ray

 Is there a Bearish outlook for Macerich Company (NYSE:MAC) this week?
Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.17, from 0.78 in 2017Q2. It improved, 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.
Virtus Invest Advisers reported 0.01% stake. Forward Mngmt Limited Liability Corporation invested in 22,000 shares or 0.14% of the stock. 40,400 are owned by Korea. State Board Of Administration Of Florida Retirement Systems holds 0.03% or 228,440 shares. Balyasny Asset Mngmt Ltd Com reported 0.23% stake. Qs Investors Limited Liability Company accumulated 9,777 shares or 0% of the stock. Moreover, Liberty Mutual Group Asset Management has 0.01% invested in Macerich Company (NYSE:MAC) for 4,823 shares. Putnam Invests Llc reported 0% of its portfolio in Macerich Company (NYSE:MAC). Nokota Mngmt Limited Partnership has invested 0.13% of its portfolio in Macerich Company (NYSE:MAC). Aew Cap Mngmt Lp owns 3.82M shares or 1% of their US portfolio. Oakbrook Invests Limited Liability holds 0.02% or 4,971 shares. Security Capital Mngmt Incorporated invested in 2.21 million shares or 3.8% of the stock. Great West Life Assurance Can stated it has 148,679 shares or 0.02% of all its holdings. Amica Retiree Tru reported 633 shares stake. Employees Retirement Sys Of Texas has 0.07% invested in Macerich Company (NYSE:MAC) for 98,100 shares.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 23 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. The Macerich Company had 59 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets upgraded Macerich Company (NYSE:MAC) on Friday, May 6 to “Outperform” rating. The company was maintained on Friday, February 9 by Deutsche Bank. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, December 16. The firm has “Hold” rating given on Thursday, February 1 by Sandler O’Neill. The stock has “Buy” rating by RBC Capital Markets on Wednesday, June 7. The firm earned “Equal-Weight” rating on Tuesday, January 30 by Barclays Capital. The firm earned “Hold” rating on Tuesday, September 8 by Evercore. Mizuho downgraded the stock to “Neutral” rating in Tuesday, May 30 report. J.P. Morgan upgraded it to “Buy” rating and $68.0 target in Tuesday, September 26 report. The firm has “Neutral” rating given on Wednesday, April 6 by Boenning & Scattergood. Below is a list of Macerich Company (NYSE:MAC) latest ratings and price target changes.

16/02/2018 Broker: Mizuho Rating: Hold New Target: $63.0 Maintain
12/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $63.0 Maintain
09/02/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $65 New Target: $62 Maintain
09/02/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $66 New Target: $65 Maintain
07/02/2018 Broker: Boenning & Scattergood Rating: Buy New Target: $75.0 Maintain
06/02/2018 Broker: Morgan Stanley Rating: Hold
01/02/2018 Broker: Sandler O’Neill Rating: Hold New Target: $68.0 Maintain
30/01/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $62 New Target: $60 Maintain
26/01/2018 Broker: Evercore Rating: Hold Upgrade
23/01/2018 Broker: Jefferies Rating: Hold New Target: $58.0 Maintain

The stock decreased 0.72% or $0.44 during the last trading session, reaching $60.66. About 1.64M shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since February 17, 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 $9.16 billion. The firm invests in the real estate markets of the United States. It has a 59.47 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 notable recent Macerich Company (NYSE:MAC) news were published by: which released: “Sales are up at many of Phoenix’s major malls” on February 07, 2018, also with their article: “Macerich Co. Q4 Profit Retreats” published on February 05, 2018, published: “Macerich sees FFO per share growth in 2018” on February 05, 2018. More interesting news about Macerich Company (NYSE:MAC) were released by: and their article: “Hudson Pacific Properties in advanced talks to buy Westside Pavilion: sources” published on February 06, 2018 as well as‘s news article titled: “Macerich’s (MAC) CEO Arthur Coppola on Q4 2017 Results – Earnings Call Transcript” with publication date: February 06, 2018.

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