Just How Positive is Mizuho on Macerich (NYSE:MAC) Following Their Upgrade?

April 21, 2018 - By Hazel Jackson

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.14, from 0.95 in 2017Q3. It improved, as 28 investors sold Macerich Company shares while 106 reduced holdings. 56 funds opened positions while 90 raised stakes. 135.39 million shares or 0.30% more from 134.98 million shares in 2017Q3 were reported.

Element Management Ltd Liability invested 0.53% of its portfolio in Macerich Company (NYSE:MAC). Moreover, Exane Derivatives has 0% invested in Macerich Company (NYSE:MAC). Blackrock holds 0.04% in Macerich Company (NYSE:MAC) or 11.42M shares. Twin Tree Mngmt L P holds 0.03% or 55,662 shares. Gideon Cap Advisors Inc reported 6,774 shares or 0.39% of all its holdings. Quantbot Technologies L P owns 6,908 shares for 0.04% of their portfolio. Tower Research Cap Limited Liability Corporation (Trc) accumulated 3,260 shares. First Advsrs L P owns 0.01% invested in Macerich Company (NYSE:MAC) for 41,705 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 0.06% or 8,900 shares in its portfolio. 847,710 are owned by Barclays Public Ltd. Credit Suisse Ag has 0.12% invested in Macerich Company (NYSE:MAC). Bessemer Gru owns 52 shares or 0% of their US portfolio. Gulf National Bank (Uk) reported 40,892 shares. Norinchukin Commercial Bank The invested in 9,486 shares. Shell Asset invested in 0.01% or 5,051 shares.

Macerich (NYSE:MAC) Stock Upgrade

Mizuho has upped shares of Macerich (NYSE:MAC) stock to a “Buy” in analysts report issued to investors and clients today. MAC’s past rating was only a “Neutral”.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.14, from 0.95 in 2017Q3. It improved, as 28 investors sold Macerich Company shares while 106 reduced holdings. 56 funds opened positions while 90 raised stakes. 135.39 million shares or 0.30% more from 134.98 million shares in 2017Q3 were reported.

Element Management Ltd Liability invested 0.53% of its portfolio in Macerich Company (NYSE:MAC). Moreover, Exane Derivatives has 0% invested in Macerich Company (NYSE:MAC). Blackrock holds 0.04% in Macerich Company (NYSE:MAC) or 11.42M shares. Twin Tree Mngmt L P holds 0.03% or 55,662 shares. Gideon Cap Advisors Inc reported 6,774 shares or 0.39% of all its holdings. Quantbot Technologies L P owns 6,908 shares for 0.04% of their portfolio. Tower Research Cap Limited Liability Corporation (Trc) accumulated 3,260 shares. First Advsrs L P owns 0.01% invested in Macerich Company (NYSE:MAC) for 41,705 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 0.06% or 8,900 shares in its portfolio. 847,710 are owned by Barclays Public Ltd. Credit Suisse Ag has 0.12% invested in Macerich Company (NYSE:MAC). Bessemer Gru owns 52 shares or 0% of their US portfolio. Gulf National Bank (Uk) reported 40,892 shares. Norinchukin Commercial Bank The invested in 9,486 shares. Shell Asset invested in 0.01% or 5,051 shares.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 16 analysts covering Macerich (NYSE:MAC), 5 have Buy rating, 0 Sell and 11 Hold. Therefore 31% are positive. Macerich has $75.0 highest and $5700 lowest target. $63.92’s average target is 11.17% above currents $57.5 stock price. Macerich had 23 analyst reports since October 30, 2017 according to SRatingsIntel. Deutsche Bank maintained Macerich Company (NYSE:MAC) on Friday, February 9 with “Hold” rating. As per Monday, December 11, the company rating was downgraded by Evercore. RBC Capital Markets maintained the shares of MAC in report on Monday, February 12 with “Hold” rating. The rating was maintained by SunTrust on Tuesday, April 3 with “Hold”. The firm has “Buy” rating given on Friday, April 20 by Mizuho. The stock of Macerich Company (NYSE:MAC) has “Equal-Weight” rating given on Tuesday, January 30 by Barclays Capital. The company was upgraded on Friday, April 20 by BMO Capital Markets. The company was downgraded on Wednesday, January 3 by RBC Capital Markets. As per Wednesday, March 28, the company rating was maintained by Deutsche Bank. The stock of Macerich Company (NYSE:MAC) has “Hold” rating given on Tuesday, January 23 by Jefferies.

The stock decreased 0.09% or $0.05 during the last trading session, reaching $57.5. About 3.92 million shares traded or 128.09% up from the average. Macerich Company (NYSE:MAC) has declined 12.03% since April 21, 2017 and is downtrending. It has underperformed by 23.58% the S&P500.

Analysts await Macerich Company (NYSE:MAC) to report earnings on April, 26. They expect $0.81 earnings per share, down 6.90 % or $0.06 from last year’s $0.87 per share. MAC’s profit will be $122.40 million for 17.75 P/E if the $0.81 EPS becomes a reality. After $1.13 actual earnings per share reported by Macerich Company for the previous quarter, Wall Street now forecasts -28.32 % negative EPS growth.

The Macerich Company is an independent real estate investment trust. The company has market cap of $8.69 billion. The firm invests in the real estate markets of the United States. It has a 56.37 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) Institutional Positions Chart

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