What Will Happen to Macerich Company (NYSE:MAC) Next? The Stock Has Decline in Shorts

February 15, 2018 - By Louis Casey

 What Will Happen to Macerich Company (NYSE:MAC) Next? The Stock Has Decline in Shorts

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.17, from 0.78 in 2017Q2. It improved, 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.
Wealthfront Incorporated invested 0.01% of its portfolio in Macerich Company (NYSE:MAC). Amer Gp holds 0.01% in Macerich Company (NYSE:MAC) or 34,591 shares. Sarasin Prtnrs Limited Liability Partnership stated it has 113,754 shares or 0.13% of all its holdings. State Teachers Retirement has 204,189 shares for 0.03% of their portfolio. Northwestern Mutual Wealth Mngmt stated it has 410 shares or 0% of all its holdings. Eii Inc owns 51,714 shares. Moreover, Qs Invsts Ltd Liability Com has 0% invested in Macerich Company (NYSE:MAC). Glenmede Com Na invested in 0% or 30 shares. 11,557 are owned by Dekabank Deutsche Girozentrale. American National Insur Co Tx owns 21,659 shares. Millennium Ltd Liability Corporation owns 0.01% invested in Macerich Company (NYSE:MAC) for 84,601 shares. Barclays Public Ltd Com, United Kingdom-based fund reported 367,939 shares. Price T Rowe Assoc Md reported 4.38M shares. 112,516 were accumulated by Arizona State Retirement Sys. Assetmark Incorporated invested 0% 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 stock of Macerich Company (NYSE:MAC) earned “Hold” rating by Canaccord Genuity on Monday, January 23. Deutsche Bank maintained Macerich Company (NYSE:MAC) rating on Monday, July 18. Deutsche Bank has “Hold” rating and $84 target. The firm earned “Buy” rating on Thursday, August 25 by BTIG Research. RBC Capital Markets maintained Macerich Company (NYSE:MAC) on Monday, February 12 with “Hold” rating. The stock of Macerich Company (NYSE:MAC) has “Underperform” rating given on Monday, December 11 by Evercore. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, November 3. The rating was upgraded by Bank of America on Tuesday, January 12 to “Buy”. The rating was downgraded by Bank of America on Monday, March 28 to “Neutral”. As per Friday, March 17, the company rating was downgraded by Goldman Sachs. The firm has “Hold” rating given on Friday, August 4 by Boenning & Scattergood.

More notable recent Macerich Company (NYSE:MAC) news were published by: Nasdaq.com which released: “Macerich Co. Q4 Profit Retreats” on February 05, 2018, also Seekingalpha.com with their article: “Macerich’s (MAC) CEO Arthur Coppola on Q4 2017 Results – Earnings Call Transcript” published on February 06, 2018, Therealdeal.com published: “Hudson Pacific Properties in advanced talks to buy Westside Pavilion: sources” on February 06, 2018. More interesting news about Macerich Company (NYSE:MAC) were released by: Bizjournals.com and their article: “Sales are up at many of Phoenix’s major malls” published on February 07, 2018 as well as Seekingalpha.com‘s news article titled: “Macerich sees FFO per share growth in 2018” with publication date: February 05, 2018.

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