Analysts are on the Bearish side about Macerich Company (NYSE:MAC) this week.

July 14, 2018 - By Alfred Lee

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.19, from 1.09 in 2017Q4. It is negative, 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.
California State Teachers Retirement System reported 0.03% stake. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% or 43,959 shares. Glob Endowment L P has invested 0.04% in Macerich Company (NYSE:MAC). Cibc Markets reported 0.01% stake. State Common Retirement Fund owns 314,000 shares. Price T Rowe Assocs Md invested in 4.46M shares. Barclays Public Ltd Limited Liability Company invested in 1.09M shares. Moreover, Credit Suisse Ag has 0.02% invested in Macerich Company (NYSE:MAC). Comerica National Bank & Trust has 0.01% invested in Macerich Company (NYSE:MAC) for 34,144 shares. Shell Asset Mngmt accumulated 0.01% or 5,433 shares. Element Cap Lc holds 0.89% or 676,809 shares. Moreover, Ontario Teachers Pension Plan Board has 19.51% invested in Macerich Company (NYSE:MAC) for 23.29 million shares. Riverhead Ltd reported 4,391 shares stake. Schwab Charles Investment Mgmt holds 1.27 million shares or 0.06% of its portfolio. Ls Limited Liability Corporation holds 7,345 shares.

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. As per Thursday, June 14, the company rating was maintained by Morgan Stanley. Evercore upgraded the stock to “Hold” rating in Friday, January 26 report. The firm has “Hold” rating given on Tuesday, April 3 by SunTrust. The firm earned “Hold” rating on Wednesday, March 28 by Deutsche Bank. The firm has “Hold” rating given on Friday, February 16 by Mizuho. As per Friday, April 20, the company rating was upgraded by BMO Capital Markets. The rating was maintained by Citigroup with “Neutral” on Friday, February 9. The stock of Macerich Company (NYSE:MAC) earned “Neutral” rating by JP Morgan on Tuesday, March 27. The rating was maintained by Barclays Capital on Tuesday, January 30 with “Equal-Weight”. The firm has “Hold” rating given on Monday, February 12 by RBC Capital Markets. 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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