Are Analysts Bullish Macerich Company (NYSE:MAC) After Last Week?

July 14, 2018 - By Michael Garrison

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.19, from 1.09 in 2017Q4. It worsened, as 31 investors sold Macerich Company shares while 106 reduced holdings. 30 funds opened positions while 93 raised stakes. 130.97 million shares or 3.27% less from 135.39 million shares in 2017Q4 were reported.
Nelson Van Denburg And Campbell Wealth Management Group Limited Liability owns 7 shares. Meiji Yasuda Asset Communications Ltd accumulated 0.02% or 4,393 shares. Citigroup invested 0.01% of its portfolio in Macerich Company (NYSE:MAC). Veritable L P has invested 0.01% in Macerich Company (NYSE:MAC). Jpmorgan Chase Co invested in 0% or 122,428 shares. Invesco, a Georgia-based fund reported 3.59M shares. 15,539 are owned by Wealthfront Inc. Andra Ap has invested 0.11% of its portfolio in Macerich Company (NYSE:MAC). Sg Americas Secs Ltd Liability Corp stated it has 0.01% of its portfolio in Macerich Company (NYSE:MAC). Td Asset Mgmt Inc reported 0% in Macerich Company (NYSE:MAC). Credit Suisse Ag holds 0.02% of its portfolio in Macerich Company (NYSE:MAC) for 444,797 shares. Mitsubishi Ufj Trust reported 0.02% of its portfolio in Macerich Company (NYSE:MAC). Morgan Stanley invested in 5.70M shares or 0.09% of the stock. New York-based Neuberger Berman Gru Lc has invested 0% in Macerich Company (NYSE:MAC). Harvest Management Lc stated it has 4,000 shares or 0.11% of all its holdings.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 15 analysts covering Macerich (NYSE:MAC), 4 have Buy rating, 0 Sell and 11 Hold. Therefore 27% are positive. Macerich had 21 analyst reports since January 23, 2018 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Wednesday, March 28 with “Hold”. Sandler O’Neill maintained the stock with “Hold” rating in Monday, March 19 report. The company was maintained on Friday, February 9 by Citigroup. Mizuho maintained Macerich Company (NYSE:MAC) rating on Friday, February 16. Mizuho has “Hold” rating and $63.0 target. The stock of Macerich Company (NYSE:MAC) earned “Neutral” rating by JP Morgan on Tuesday, March 27. The firm has “Hold” rating given on Tuesday, March 27 by J.P. Morgan. The company was maintained on Thursday, June 14 by Morgan Stanley. The stock of Macerich Company (NYSE:MAC) earned “Hold” rating by Sandler O’Neill on Thursday, February 1. The firm earned “Buy” rating on Wednesday, February 7 by Boenning & Scattergood. BMO Capital Markets upgraded the stock to “Buy” rating in Friday, April 20 report. Below is a list of Macerich Company (NYSE:MAC) latest ratings and price target changes.

14/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $62 New Target: $58 Maintain
31/05/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $56 New Target: $57 Maintain
20/04/2018 Broker: Mizuho Rating: Buy New Target: $65.0000 Upgrade
20/04/2018 Broker: BMO Capital Markets Rating: Buy New Target: $66.0000 Upgrade
03/04/2018 Broker: SunTrust Rating: Hold New Target: $57.0000 Maintain
28/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $62 New Target: $64 Maintain
27/03/2018 Broker: J.P. Morgan Rating: Hold New Target: $65.0000 Downgrade
27/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
19/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $63.0 Maintain
14/03/2018 Broker: BTIG Research Rating: Buy New Target: $66.0

The stock decreased 0.19% or $0.11 during the last trading session, reaching $57.84. About 617,642 shares traded. Macerich Company (NYSE:MAC) has declined 9.01% since July 14, 2017 and is downtrending. It has underperformed by 21.58% the S&P500.

The Macerich Company is an independent real estate investment trust. The company has market cap of $8.75 billion. The firm invests in the real estate markets of the United States. It has a 194.75 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.

Another recent and important Macerich Company (NYSE:MAC) news was published by Crainscleveland.com which published an article titled: “Stark adds Arizona plaza for $41M” on July 10, 2018.

Macerich Company (NYSE:MAC) Institutional Positions Chart

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