BMO Capital Now Covering Macerich (NYSE:MAC) With $55.0 Target

September 17, 2017 - By Marie Mckinney

 BMO Capital Now Covering Macerich (NYSE:MAC) With $55.0 Target

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.05, from 0.91 in 2016Q3. It turned negative, 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.

Moreover, Retail Bank Of America De has 0% invested in Macerich Co (NYSE:MAC) for 307,072 shares. Advsrs Asset Mgmt Inc invested 0% of its portfolio in Macerich Co (NYSE:MAC). Raymond James And Assoc holds 0.01% or 45,243 shares. Virginia Retirement System Et Al owns 110,343 shares. Eii Mngmt Inc owns 17,300 shares or 0.39% of their US portfolio. Serv reported 3,455 shares. Ameriprise Financial Incorporated reported 176,402 shares. Tci Wealth Advsrs holds 0% or 59 shares. California State Teachers Retirement Sys stated it has 322,416 shares. Sei Invs Comm accumulated 93,840 shares. Amalgamated Comml Bank owns 9,118 shares. The Ontario – Canada-based Manufacturers Life Insurance Commerce The has invested 0.01% in Macerich Co (NYSE:MAC). Gateway Invest Advisers Limited Co invested in 0.01% or 9,136 shares. Parametric Portfolio Associates Ltd Liability Co reported 182,640 shares. State Of Wisconsin Board invested 0.04% in Macerich Co (NYSE:MAC).

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

BMO Capital has just issued a “Hold” rating for Macerich (NYSE:MAC) shares. The firm began coverage on shares of MAC in a research note revealed to investors and clients on Monday, 11 September. This target price per share would indicate downside of -1.13 % from the last stock price of Macerich (NYSE:MAC).

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.05, from 0.91 in 2016Q3. It turned negative, 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.

Moreover, Retail Bank Of America De has 0% invested in Macerich Co (NYSE:MAC) for 307,072 shares. Advsrs Asset Mgmt Inc invested 0% of its portfolio in Macerich Co (NYSE:MAC). Raymond James And Assoc holds 0.01% or 45,243 shares. Virginia Retirement System Et Al owns 110,343 shares. Eii Mngmt Inc owns 17,300 shares or 0.39% of their US portfolio. Serv reported 3,455 shares. Ameriprise Financial Incorporated reported 176,402 shares. Tci Wealth Advsrs holds 0% or 59 shares. California State Teachers Retirement Sys stated it has 322,416 shares. Sei Invs Comm accumulated 93,840 shares. Amalgamated Comml Bank owns 9,118 shares. The Ontario – Canada-based Manufacturers Life Insurance Commerce The has invested 0.01% in Macerich Co (NYSE:MAC). Gateway Invest Advisers Limited Co invested in 0.01% or 9,136 shares. Parametric Portfolio Associates Ltd Liability Co reported 182,640 shares. State Of Wisconsin Board invested 0.04% in Macerich Co (NYSE:MAC).

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. KeyBanc Capital Markets upgraded the shares of MAC in report on Friday, December 16 to “Overweight” rating. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Buy” rating by KeyBanc Capital Markets given on Sunday, August 27. The stock of Macerich Co (NYSE:MAC) earned “Neutral” rating by Bank of America on Monday, March 28. The firm earned “Hold” rating on Monday, July 17 by Jefferies. Barclays Capital maintained Macerich Co (NYSE:MAC) rating on Tuesday, July 18. Barclays Capital has “Equal-Weight” rating and $61 target. The firm has “Buy” rating by BTIG Research given on Thursday, August 25. Mizuho downgraded Macerich Co (NYSE:MAC) on Tuesday, May 30 to “Neutral” rating. The stock has “Hold” rating by Deutsche Bank on Tuesday, July 21. The rating was maintained by Jefferies with “Hold” on Friday, June 16.

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 EPS, down 5.77 % or $0.06 from last year’s $1.04 per share. MAC’s profit will be $138.64M for 14.19 P/E if the $0.98 EPS becomes a reality. After $0.98 actual EPS 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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