Should Macerich (NYSE:MAC) Shares Be Watched After BMO Capital Initiates Coverage?

September 17, 2017 - By Maria Brooks

 Should Macerich (NYSE:MAC) Shares Be Watched After BMO Capital Initiates Coverage?

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

First Trust Advsrs Ltd Partnership has 125,621 shares. Third Avenue Management Ltd Liability Company reported 267,301 shares. Arizona State Retirement Sys reported 57,000 shares. Sumitomo Mitsui Hldgs Inc has 459,698 shares for 0.05% of their portfolio. Chicago Equity Prtnrs Limited Co owns 80,870 shares. Aew Cap Management L P invested in 793,079 shares. American Century Companies invested in 6,653 shares or 0% of the stock. Moreover, Ngam Limited Partnership has 0.05% invested in Macerich Co (NYSE:MAC) for 61,147 shares. Tokio Marine Asset Com Limited owns 21,000 shares. Blackrock Institutional Tru Na has invested 0.05% in Macerich Co (NYSE:MAC). Glenmede Tru Na stated it has 30 shares. Cornerstone Capital Mngmt Llc invested in 85,641 shares or 0.05% of the stock. Huntington Bankshares invested in 0% or 429 shares. Amer Assets Mgmt Limited Co invested in 10,000 shares or 0.15% of the stock. Ubs Asset Mngmt Americas has 554,838 shares.

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 started coverage on shares of MAC in analysts report shared with investors on 11 September. This PT suggests downside of -1.13 % from the last stock price of Macerich (NYSE:MAC).

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

First Trust Advsrs Ltd Partnership has 125,621 shares. Third Avenue Management Ltd Liability Company reported 267,301 shares. Arizona State Retirement Sys reported 57,000 shares. Sumitomo Mitsui Hldgs Inc has 459,698 shares for 0.05% of their portfolio. Chicago Equity Prtnrs Limited Co owns 80,870 shares. Aew Cap Management L P invested in 793,079 shares. American Century Companies invested in 6,653 shares or 0% of the stock. Moreover, Ngam Limited Partnership has 0.05% invested in Macerich Co (NYSE:MAC) for 61,147 shares. Tokio Marine Asset Com Limited owns 21,000 shares. Blackrock Institutional Tru Na has invested 0.05% in Macerich Co (NYSE:MAC). Glenmede Tru Na stated it has 30 shares. Cornerstone Capital Mngmt Llc invested in 85,641 shares or 0.05% of the stock. Huntington Bankshares invested in 0% or 429 shares. Amer Assets Mgmt Limited Co invested in 10,000 shares or 0.15% of the stock. Ubs Asset Mngmt Americas has 554,838 shares.

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. The firm has “Neutral” rating given on Monday, August 14 by Citigroup. The stock of Macerich Co (NYSE:MAC) earned “Neutral” rating by Mizuho on Tuesday, May 30. On Tuesday, September 8 the stock rating was maintained by Evercore with “Hold”. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets. The stock of Macerich Co (NYSE:MAC) has “Outperform” rating given on Friday, May 6 by RBC Capital Markets. The firm has “Hold” rating given on Monday, January 23 by Canaccord Genuity. The company was upgraded on Tuesday, January 12 by Bank of America. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, February 7. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, October 7. The stock of Macerich Co (NYSE:MAC) has “Hold” rating given on Friday, August 4 by Boenning & Scattergood.

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.

Wall Street await Macerich Co (NYSE:MAC) to release earnings on October, 26. Analysts forecast EPS of $0.98, down exactly $0.06 or 5.77 % from 2014’s $1.04 EPS. The expected MAC’s profit could reach $138.64 million giving the stock 14.19 P/E in the case that $0.98 earnings per share is reported. After posting $0.98 EPS for the previous quarter, Macerich Co’s analysts now forecast 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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