What’s Macerich Company (the) (NYSE:MAC) Upside After This Short Interest Increase?

March 20, 2018 - By Marguerite Chambers

 What's Macerich Company (the) (NYSE:MAC) Upside After This Short Interest Increase?

Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.17, from 0.78 in 2017Q2. It is positive, 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.
Forward Mngmt Ltd Liability Corporation has 0.14% invested in Macerich Company (NYSE:MAC). Pnc Fincl Services Group accumulated 6,120 shares. Meiji Yasuda Asset Mngmt Limited has 0.03% invested in Macerich Company (NYSE:MAC) for 4,993 shares. 586,925 are held by Ubs Asset Mngmt Americas. Honeywell Intll Inc has 0.05% invested in Macerich Company (NYSE:MAC). Sg Americas Lc accumulated 0% or 2,227 shares. State Teachers Retirement System reported 204,189 shares. Pub Employees Retirement Association Of Colorado owns 23,292 shares. Gulf Bancorporation (Uk) Ltd accumulated 40,892 shares. Retirement Of Alabama accumulated 52,826 shares. Bessemer Incorporated holds 0% or 40 shares in its portfolio. State Street stated it has 0.03% in Macerich Company (NYSE:MAC). Advsrs Asset Mgmt holds 2,854 shares or 0% of its portfolio. 184,807 are held by Heitman Real Est Llc. Sarasin And Prns Llp has invested 0.13% in Macerich Company (NYSE:MAC).

The stock of Macerich Company (the) (NYSE:MAC) registered an increase of 1.3% in short interest. MAC’s total short interest was 8.00M shares in March as published by FINRA. Its up 1.3% from 7.90 million shares, reported previously. With 2.51M shares average volume, it will take short sellers 3 days to cover their MAC’s short positions. The short interest to Macerich Company (the)’s float is 6.85%.

The stock decreased 0.95% or $0.55 during the last trading session, reaching $57.3. About 234,524 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since March 20, 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 $8.66 billion. The firm invests in the real estate markets of the United States. It has a 56.18 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 60 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, October 30 the stock rating was maintained by Jefferies with “Hold”. Stifel Nicolaus maintained it with “Hold” rating and $74 target in Tuesday, February 7 report. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, July 18. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, January 3. The firm has “Buy” rating given on Tuesday, January 12 by Bank of America. The firm has “Buy” rating given on Wednesday, August 9 by RBC Capital Markets. RBC Capital Markets maintained Macerich Company (NYSE:MAC) rating on Wednesday, October 7. RBC Capital Markets has “Sector Perform” rating and $83 target. The company was upgraded on Tuesday, September 26 by J.P. Morgan. The firm has “Hold” rating given on Monday, January 23 by Canaccord Genuity. Credit Suisse reinitiated the shares of MAC in report on Wednesday, March 16 with “Underperform” rating.

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