Another Recommendation On Wall Street for Macerich (NYSE:MAC). This time with a $55.0 Share Target Price

September 17, 2017 - By Richard Conner

 Another Recommendation On Wall Street for Macerich (NYSE:MAC). This time with a $55.0 Share Target Price

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

Presima holds 7,100 shares. Jefferies Gru Ltd Limited Liability Company reported 0.03% of its portfolio in Macerich Co (NYSE:MAC). Cbre Clarion Securities Ltd has invested 0.23% in Macerich Co (NYSE:MAC). Nationwide Fund has invested 0.11% in Macerich Co (NYSE:MAC). Asset One Limited holds 0.08% or 488,562 shares. Savings Bank Of America Corporation De accumulated 307,072 shares. Commonwealth Commercial Bank Of, a Australia-based fund reported 769 shares. Janus Cap Limited stated it has 0% in Macerich Co (NYSE:MAC). Tudor Inv Et Al holds 0.03% in Macerich Co (NYSE:MAC) or 14,541 shares. Moreover, Victory Capital has 0.15% invested in Macerich Co (NYSE:MAC) for 832,568 shares. 300 were accumulated by Cap Ltd. Liberty Mutual Grp Asset Mngmt invested in 8,582 shares. Henderson Grp Inc Public Limited accumulated 15,415 shares. Bessemer Group invested in 259 shares or 0% of the stock. Gp One Trading Ltd Partnership reported 3,409 shares.

Why Has BMO Capital Given Macerich (NYSE:MAC) a $55.0 Price Target

BMO Capital analyst initiated coverage with a “Hold” rating on Macerich (NYSE:MAC) today and set a price target of $55.0. The company‚Äôs shares opened today at 0.

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

Presima holds 7,100 shares. Jefferies Gru Ltd Limited Liability Company reported 0.03% of its portfolio in Macerich Co (NYSE:MAC). Cbre Clarion Securities Ltd has invested 0.23% in Macerich Co (NYSE:MAC). Nationwide Fund has invested 0.11% in Macerich Co (NYSE:MAC). Asset One Limited holds 0.08% or 488,562 shares. Savings Bank Of America Corporation De accumulated 307,072 shares. Commonwealth Commercial Bank Of, a Australia-based fund reported 769 shares. Janus Cap Limited stated it has 0% in Macerich Co (NYSE:MAC). Tudor Inv Et Al holds 0.03% in Macerich Co (NYSE:MAC) or 14,541 shares. Moreover, Victory Capital has 0.15% invested in Macerich Co (NYSE:MAC) for 832,568 shares. 300 were accumulated by Cap Ltd. Liberty Mutual Grp Asset Mngmt invested in 8,582 shares. Henderson Grp Inc Public Limited accumulated 15,415 shares. Bessemer Group invested in 259 shares or 0% of the stock. Gp One Trading Ltd Partnership reported 3,409 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 stock has “Equal-Weight” rating by Barclays Capital on Tuesday, July 18. The stock has “Hold” rating by Canaccord Genuity on Wednesday, July 22. The firm has “Overweight” rating given on Friday, December 16 by KeyBanc Capital Markets. Jefferies maintained Macerich Co (NYSE:MAC) rating on Monday, July 17. Jefferies has “Hold” rating and $5700 target. As per Tuesday, September 8, the company rating was maintained by Evercore. The stock of Macerich Co (NYSE:MAC) earned “Hold” rating by Stifel Nicolaus on Tuesday, February 7. The rating was upgraded by Zacks to “Buy” on Thursday, September 17. Mizuho upgraded Macerich Co (NYSE:MAC) on Monday, November 7 to “Buy” rating. As per Friday, May 6, the company rating was upgraded by RBC Capital Markets. The rating was maintained by Deutsche Bank on Monday, July 18 with “Hold”.

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.

Analysts await Macerich Co (NYSE:MAC) to report earnings on October, 26. They expect $0.98 earnings per share, down 5.77 % or $0.06 from last year’s $1.04 per share. MAC’s profit will be $138.64M for 14.19 P/E if the $0.98 EPS becomes a reality. After $0.98 actual earnings per share reported by Macerich Co for the previous quarter, Wall Street now forecasts 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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