Are Analysts Bullish about Macerich Company (NYSE:MAC) after last week?

January 14, 2018 - By Migdalia James

 Are Analysts Bullish about Macerich Company (NYSE:MAC) after last week?
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.
Levin Capital Strategies Lp stated it has 0.03% in Macerich Company (NYSE:MAC). Honeywell owns 25,199 shares for 0.05% of their portfolio. Nokota Ltd Partnership reported 93,750 shares. Gateway Investment Advisers Llc owns 0% invested in Macerich Company (NYSE:MAC) for 7,858 shares. 13,036 are held by Panagora Asset Mngmt. Cadence Capital Mngmt Ltd Liability Com holds 11,724 shares or 0.04% of its portfolio. Andra Ap invested 0.04% of its portfolio in Macerich Company (NYSE:MAC). 34 are held by San Francisco Sentry Invest Gp (Ca). Moreover, Amalgamated Financial Bank has 0.03% invested in Macerich Company (NYSE:MAC). Oppenheimer Asset Management Incorporated invested in 18,098 shares or 0.03% of the stock. Employees Retirement System Of Texas invested in 0.07% or 98,100 shares. 11,500 were reported by Bluestein R H And. Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Macerich Company (NYSE:MAC). Kamunting Street Capital Mngmt Lp stated it has 40,000 shares. Guggenheim Ltd Liability Co reported 536,212 shares.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 21 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. The Macerich Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Monday, October 30. Canaccord Genuity maintained Macerich Company (NYSE:MAC) on Monday, January 23 with “Hold” rating. Boenning & Scattergood maintained the stock with “Hold” rating in Friday, August 4 report. On Wednesday, July 22 the stock rating was initiated by Canaccord Genuity with “Hold”. Bank of America upgraded it to “Buy” rating and $92 target in Tuesday, January 12 report. Mizuho upgraded it to “Buy” rating and $84 target in Monday, November 7 report. The firm earned “Neutral” rating on Monday, August 14 by Citigroup. The firm has “Overweight” rating given on Tuesday, September 26 by JP Morgan. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Buy”. On Monday, July 17 the stock rating was maintained by Jefferies with “Hold”. Below is a list of Macerich Company (NYSE:MAC) latest ratings and price target changes.

03/01/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
19/12/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
11/12/2017 Broker: Evercore Old Rating: In-Line New Rating: Underperform Downgrade
30/10/2017 Broker: Jefferies Rating: Hold New Target: $57.0 Maintain
28/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $75.0 Maintain
26/09/2017 Broker: J.P. Morgan Rating: Buy New Target: $68.0 Upgrade
25/09/2017 Broker: Jefferies Rating: Hold New Target: $57.0 Maintain
26/09/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
11/09/2017 Broker: BMO Capital Markets Rating: Hold New Target: $55.0
27/08/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $75.0 Maintain

The stock decreased 0.21% or $0.13 during the last trading session, reaching $62.97. About 503,187 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since January 14, 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 $9.51 billion. The firm invests in the real estate markets of the United States. It has a 60.32 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: Prnewswire.com which released: “Free Research Reports on These REIT Stocks — Macerich, Tanger Factory Outlet …” on January 05, 2018. Also Bloomberg.com published the news titled: “Loeb’s Third Point Takes Stake in Mall-Owner Macerich” on November 09, 2017. Bloomberg.com‘s news article titled: “Macerich Executives to Get $32 Million Sweetener If Firm Is Sold” with publication date: November 21, 2017 was also an interesting one.

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