Macerich Company (NYSE:MAC) Shorted Shares Decreased By 5.81%

February 15, 2018 - By Kurt Siggers

 Macerich Company (NYSE:MAC) Shorted Shares Decreased By 5.81%

Investors sentiment increased to 0.95 in 2017 Q3. 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.
Wells Fargo Company Mn holds 0% of its portfolio in Macerich Company (NYSE:MAC) for 118,555 shares. Jefferies Group Limited Liability Corporation reported 50,802 shares or 0.02% of all its holdings. Us Retail Bank De owns 7,581 shares or 0% of their US portfolio. Honeywell Inc reported 25,199 shares. Los Angeles Mngmt Equity Research Incorporated reported 0.01% stake. Alpine Woods Cap Invsts Ltd Liability Corp invested 0.09% in Macerich Company (NYSE:MAC). Independent Order Of Foresters reported 63,934 shares or 2.9% of all its holdings. Chevy Chase Tru Hldgs holds 0.02% or 94,970 shares in its portfolio. Great West Life Assurance Can holds 0.02% or 148,679 shares in its portfolio. Deutsche Bankshares Ag has 3.03M shares. California Pub Employees Retirement System invested in 0.03% or 373,379 shares. Guardian Life Insur Company Of America owns 0% invested in Macerich Company (NYSE:MAC) for 246 shares. Rafferty Asset Limited owns 0.03% invested in Macerich Company (NYSE:MAC) for 22,844 shares. Ulysses Mngmt Limited Liability Co reported 2.18% of its portfolio in Macerich Company (NYSE:MAC). The Arizona-based Arizona State Retirement has invested 0.07% in Macerich Company (NYSE:MAC).

The stock of Macerich Company (NYSE:MAC) registered a decrease of 5.81% in short interest. MAC’s total short interest was 12.37M shares in February as published by FINRA. Its down 5.81% from 13.13 million shares, reported previously. With 1.74 million shares average volume, it will take short sellers 7 days to cover their MAC’s short positions.

The stock decreased 1.40% or $0.86 during the last trading session, reaching $60.7. About 817,616 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since February 15, 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 $9.17 billion. The firm invests in the real estate markets of the United States. It has a 59.51 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.

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 58 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Sunday, August 27 by KeyBanc Capital Markets. As per Tuesday, July 21, the company rating was initiated by Deutsche Bank. The firm earned “Buy” rating on Thursday, September 17 by Zacks. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, November 3 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, January 3. The rating was downgraded by Boenning & Scattergood on Wednesday, April 6 to “Neutral”. The stock of Macerich Company (NYSE:MAC) has “Outperform” rating given on Tuesday, December 19 by Wells Fargo. The rating was maintained by Citigroup with “Neutral” on Monday, August 14. The stock has “Hold” rating by Jefferies on Monday, July 17. KeyBanc Capital Markets maintained Macerich Company (NYSE:MAC) rating on Thursday, September 28. KeyBanc Capital Markets has “Buy” rating and $75.0 target.

More notable recent Macerich Company (NYSE:MAC) news were published by: Therealdeal.com which released: “Hudson Pacific Properties in advanced talks to buy Westside Pavilion: sources” on February 06, 2018, also Gurufocus.com with their article: “Cbre Clarion Securities Llc Buys Macerich Co, Taubman Centers Inc, Invitation …” published on February 13, 2018, Nasdaq.com published: “Macerich Co. Q4 Profit Retreats” on February 05, 2018. More interesting news about Macerich Company (NYSE:MAC) were released by: Seekingalpha.com and their article: “Macerich sees FFO per share growth in 2018” published on February 05, 2018 as well as Bizjournals.com‘s news article titled: “Sales are up at many of Phoenix’s major malls” with publication date: February 07, 2018.

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