Macerich Co (MAC) Analysts See $0.98 EPS

October 12, 2017 - By Vivian Currie

 Macerich Co (MAC) Analysts See $0.98 EPS
Investors sentiment decreased to 0.78 in Q2 2017. Its down 0.06, from 0.84 in 2017Q1. It dived, as 32 investors sold Macerich Co shares while 119 reduced holdings. 49 funds opened positions while 69 raised stakes. 134.15 million shares or 0.96% more from 132.87 million shares in 2017Q1 were reported.
Nomura Asset Mgmt Limited has invested 0.07% in Macerich Co (NYSE:MAC). 1,959 were reported by Point72 Asia (Hong Kong) Limited. Schwab Charles Investment Inc invested in 0.06% or 1.02M shares. Retirement Systems Of Alabama owns 57,744 shares. Apollo Mngmt Hldg Ltd Partnership reported 52,350 shares. Ameritas Partners has 0.01% invested in Macerich Co (NYSE:MAC). British Columbia Investment reported 65,004 shares stake. Employees Retirement Systems Of Texas holds 94,000 shares. Bancorp Of Montreal Can accumulated 0% or 37,018 shares. State Teachers Retirement Sys reported 0.03% stake. 30,928 are owned by Alpine Woods Capital Ltd Liability Corporation. Westpac Corporation invested 0% of its portfolio in Macerich Co (NYSE:MAC). 23,507 are held by Pensionfund Dsm Netherlands. Robeco Institutional Asset Mgmt Bv holds 100,762 shares. Blackrock reported 11.55M shares.

Investors wait Macerich Co (NYSE:MAC) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.98 earnings per share, down $0.06 or 5.77 % from last year’s $1.04 same quarter earnings. This translates into $137.60M profit for MAC giving the stock a 14.75 P/E. This is assuming the current $0.98 EPS is accurate. Macerich Co’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.98 EPS reproted in the previous quarter, About 1.40 million shares traded. Macerich Co (NYSE:MAC) has declined 18.62% since October 13, 2016 and is downtrending. It has underperformed by 35.32% the S&P500.

Macerich Co (NYSE:MAC) Ratings Coverage

Among 19 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. The Macerich Company had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Canaccord Genuity given on Monday, January 23. On Monday, November 7 the stock rating was upgraded by Mizuho to “Buy”. The rating was downgraded by Bank of America to “Neutral” on Monday, March 28. The firm has “Sell” rating by Goldman Sachs given on Friday, March 17. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, September 26. KeyBanc Capital Markets maintained Macerich Co (NYSE:MAC) on Thursday, September 28 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Monday, August 14. As per Sunday, August 20, the company rating was maintained by Jefferies. The company was maintained on Wednesday, August 31 by Jefferies. The rating was maintained by Jefferies with “Hold” on Monday, September 25.

The Macerich Company is a self-administered and self-managed real estate investment trust . The company has market cap of $8.12 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 56.34 P/E ratio. The Firm owns ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership).

More recent Macerich Co (NYSE:MAC) news were published by: Bizjournals.com which released: “How Amazon will further alter retail and real estate in Phoenix” on October 12, 2017. Also Therealdeal.com published the news titled: “Macerich faces default on Westside Pavilion loan” on September 21, 2017. Prnewswire.com‘s news article titled: “Technical Reports on REIT Equities — Retail Properties of America, Macerich …” with publication date: September 19, 2017 was also an interesting one.

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