Macerich (NYSE:MAC) Covered By Yet Another Research Firm

September 17, 2017 - By Stephen Andrade

 Macerich (NYSE:MAC) Covered By Yet Another Research Firm

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.05, from 0.91 in 2016Q3. It worsened, as 44 investors sold Macerich Co shares while 126 reduced holdings. 44 funds opened positions while 103 raised stakes. 129.69 million shares or 0.88% less from 130.85 million shares in 2016Q3 were reported.

Crestpoint Capital invested in 0.29% or 8,300 shares. 31 are owned by Howe & Rusling Inc. Wolverine Asset Ltd Company stated it has 3,409 shares or 0% of all its holdings. 7,218 were reported by Rafferty Asset Mngmt Ltd Liability Company. Invest House Limited Liability Co holds 83,297 shares or 0.9% of its portfolio. Sector Pension Investment Board has invested 0.02% in Macerich Co (NYSE:MAC). Millennium Mgmt Ltd Limited Liability Company accumulated 0.03% or 198,245 shares. State Of Tennessee Treasury Department stated it has 37,528 shares or 0.01% of all its holdings. State Bank Of Mellon reported 4.11M shares. Alpine Woods Cap Ltd Liability Corporation reported 62,028 shares. Asset Mgmt One Limited reported 488,562 shares or 0.08% of all its holdings. Pictet Asset Mngmt Ltd stated it has 0.02% in Macerich Co (NYSE:MAC). Bessemer stated it has 259 shares or 0% of all its holdings. Los Angeles Capital And Equity Research invested in 612,430 shares. Credit Suisse Ag holds 575,243 shares or 0.04% of its portfolio.

Why Has BMO Capital Given Macerich (NYSE:MAC) a $55.0 Price Target

BMO Capital has begun its coverage for Macerich (NYSE:MAC), this morning Monday morning. Investment firm found the stock of MAC quite attractive and now has a TP of $55.0 with a key “Hold” rating.

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.05, from 0.91 in 2016Q3. It worsened, as 44 investors sold Macerich Co shares while 126 reduced holdings. 44 funds opened positions while 103 raised stakes. 129.69 million shares or 0.88% less from 130.85 million shares in 2016Q3 were reported.

Crestpoint Capital invested in 0.29% or 8,300 shares. 31 are owned by Howe & Rusling Inc. Wolverine Asset Ltd Company stated it has 3,409 shares or 0% of all its holdings. 7,218 were reported by Rafferty Asset Mngmt Ltd Liability Company. Invest House Limited Liability Co holds 83,297 shares or 0.9% of its portfolio. Sector Pension Investment Board has invested 0.02% in Macerich Co (NYSE:MAC). Millennium Mgmt Ltd Limited Liability Company accumulated 0.03% or 198,245 shares. State Of Tennessee Treasury Department stated it has 37,528 shares or 0.01% of all its holdings. State Bank Of Mellon reported 4.11M shares. Alpine Woods Cap Ltd Liability Corporation reported 62,028 shares. Asset Mgmt One Limited reported 488,562 shares or 0.08% of all its holdings. Pictet Asset Mngmt Ltd stated it has 0.02% in Macerich Co (NYSE:MAC). Bessemer stated it has 259 shares or 0% of all its holdings. Los Angeles Capital And Equity Research invested in 612,430 shares. Credit Suisse Ag holds 575,243 shares or 0.04% of its portfolio.

Macerich Co (NYSE:MAC) Ratings Coverage

Among 17 analysts covering The Macerich Company (NYSE:MAC), 6 have Buy rating, 2 Sell and 9 Hold. Therefore 35% are positive. The Macerich Company has $102 highest and $55.0 lowest target. $75.94’s average target is 36.51% above currents $55.63 stock price. The Macerich Company had 40 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, August 23 by Boenning & Scattergood. Jefferies maintained the stock with “Hold” rating in Wednesday, August 31 report. The firm earned “Sell” rating on Friday, March 17 by Goldman Sachs. On Monday, August 14 the stock rating was maintained by Citigroup with “Neutral”. Deutsche Bank maintained the stock with “Hold” rating in Monday, March 21 report. The firm earned “Hold” rating on Monday, July 18 by Deutsche Bank. As per Tuesday, July 18, the company rating was maintained by Barclays Capital. On Tuesday, November 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, February 7. The company was upgraded on Thursday, September 17 by Zacks.

The stock decreased 0.27% or $0.15 on September 15, reaching $55.63. About 4.04 million shares traded or 164.05% up from the average. Macerich Co (NYSE:MAC) has declined 18.62% since September 17, 2016 and is downtrending. It has underperformed by 35.32% the S&P500.

Analysts await Macerich Co (NYSE:MAC) to report earnings on October, 26. They expect $0.98 earnings per share, down 5.77 % or $0.06 from last year’s $1.04 per share. MAC’s profit will be $138.64 million for 14.19 P/E if the $0.98 EPS becomes a reality. After $0.98 actual earnings per share reported by Macerich Co for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

The Macerich Company is a self-administered and self-managed real estate investment trust . The company has market cap of $7.87 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 54.46 P/E ratio. The Firm owns ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership).

More news for Macerich Co (NYSE:MAC) were recently published by: Seekingalpha.com, which released: “Macerich: Where Is The Bottom?” on September 05, 2017. Seekingalpha.com‘s article titled: “Macerich And The Public/Private Valuation Gap” and published on May 03, 2017 is yet another important article.

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