Barclays Has Just Reaffirmed $46 Target Price Per Share on Macerich (NYSE:MAC) stock, While They’ve Also Reiterated Their “Hold” Rating

Investors sentiment decreased to 0.75 in 2018 Q4. Its down 0.06, from 0.81 in 2018Q3. It dived, as 43 investors sold Macerich Company shares while 110 reduced holdings. 37 funds opened positions while 78 raised stakes. 130.11 million shares or 0.11% more from 129.96 million shares in 2018Q3 were reported.

Citadel Advsr Limited Liability, Illinois-based fund reported 305,365 shares. Moreover, Sei Investments has 0% invested in Macerich Company (NYSE:MAC). Chevy Chase Tru accumulated 87,036 shares. Adage Capital Prtn Gru Ltd invested in 0.01% or 106,800 shares. Dupont Mgmt Corp holds 0% of its portfolio in Macerich Company (NYSE:MAC) for 1,144 shares. Bank Of America De reported 2.89M shares. The New York-based Oppenheimer Asset Mngmt has invested 0% in Macerich Company (NYSE:MAC). Apg Asset Us Inc has 1.29M shares for 0.47% of their portfolio. Teachers Retirement Of The State Of Kentucky reported 11,120 shares. Los Angeles Cap Management Equity holds 0.04% or 145,414 shares. Fort Washington Investment Advsrs Oh owns 10,000 shares. Rampart Investment Mngmt Ltd Liability Co owns 1,130 shares for 0.01% of their portfolio. Cim Inv Mangement Inc invested in 5,160 shares or 0.1% of the stock. Caxton Assoc L P accumulated 8,262 shares. Macquarie Grp Limited owns 58,027 shares.

Since November 6, 2018, it had 1 buying transaction, and 2 sales for $5.57 million activity. Hirsch Daniel J. bought 4,500 shares worth $200,826. Another trade for 10,000 shares valued at $516,500 was sold by ANDERSON DANA K.

Macerich (NYSE:MAC) Rating Reaffirmed

Investment analysts at Barclays now has a $46 TP on Macerich (NYSE:MAC). Barclays and their recent TP gives a potential upside of 6.04 % from the company’s current stock price. The rating has been revealed to clients and investors in a research report on Wednesday, 13 March.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 7 analysts covering Macerich (NYSE:MAC), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Macerich has $65.5 highest and $45 lowest target. $50.90’s average target is 17.34% above currents $43.38 stock price. Macerich had 8 analyst reports since September 17, 2018 according to SRatingsIntel. The firm has “Outperform” rating by Evercore given on Monday, September 17. The company was downgraded on Friday, February 8 by Wells Fargo. As per Tuesday, November 27, the company rating was downgraded by Morgan Stanley. On Friday, February 22 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Neutral” rating on Wednesday, January 23 by Mizuho. Deutsche Bank maintained Macerich Company (NYSE:MAC) on Tuesday, February 12 with “Hold” rating. The company was downgraded on Thursday, December 20 by KeyBanc Capital Markets. The stock has “Outperform” rating by Wells Fargo on Friday, December 7.

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The stock decreased 0.16% or $0.07 during the last trading session, reaching $43.38. About 989,113 shares traded. Macerich Company (NYSE:MAC) has declined 27.38% since March 14, 2018 and is downtrending. It has underperformed by 31.75% the S&P500.

Analysts await Macerich Company (NYSE:MAC) to report earnings on May, 1. They expect $0.83 earnings per share, up 1.22 % or $0.01 from last year’s $0.82 per share. MAC’s profit will be $125.82 million for 13.07 P/E if the $0.83 EPS becomes a reality. After $1.09 actual earnings per share reported by Macerich Company for the previous quarter, Wall Street now forecasts -23.85 % negative EPS growth.

The Macerich Company is an independent real estate investment trust. The company has market cap of $6.58 billion. The firm invests in the real estate markets of the United States. It has a 104.03 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.

More notable recent Macerich Company (NYSE:MAC) news were published by: Seekingalpha.com which released: “Tesla wants to close stores–not so fast, say its landlords – Seeking Alpha” on March 08, 2019, also Nasdaq.com with their article: “Good News From Stitch Fix, Bad News From Dick’s Sporting Goods – Nasdaq” published on March 14, 2019, Seekingalpha.com published: “Amazon becomes a coveted mall tenant: WSJ – Seeking Alpha” on March 05, 2019. More interesting news about Macerich Company (NYSE:MAC) were released by: Bizjournals.com and their article: “Life Time Fitness to build in Peoria – Phoenix Business Journal” published on March 01, 2019 as well as Businesswire.com‘s news article titled: “Milacron Holdings Corp. Appoints Michael “Mac” Jones to President of Advanced Plastics Processing Technologies – Americas and Europe – Business Wire” with publication date: March 11, 2019.

Macerich Company (NYSE:MAC) Institutional Positions Chart