Macerich Co Institutional Investor Sentiment Worsened in Q4 2018

Sentiment for Macerich Co (NYSE:MAC)

Macerich Co (NYSE:MAC) institutional sentiment decreased to 0.75 in 2018 Q4. Its down -0.06, from 0.81 in 2018Q3. The ratio dived, as 115 active investment managers started new and increased equity positions, while 153 sold and decreased their holdings in Macerich Co. The active investment managers in our partner’s database now possess: 130.11 million shares, up from 129.96 million shares in 2018Q3. Also, the number of active investment managers holding Macerich Co in their top 10 equity positions increased from 6 to 7 for an increase of 1. Sold All: 43 Reduced: 110 Increased: 78 New Position: 37.

The Macerich Company is an independent real estate investment trust. The company has market cap of $6.47 billion. The firm invests in the real estate markets of the United States. It has a 102.3 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.

The stock decreased 1.66% or $0.72 during the last trading session, reaching $42.66. About 871,393 shares traded. Macerich Company (NYSE:MAC) has declined 27.38% since March 15, 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 12.85 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.

Ontario Teachers Pension Plan Board holds 24.99% of its portfolio in Macerich Company for 23.29 million shares. V3 Capital Management L.P. owns 1.39 million shares or 13.77% of their US portfolio. Moreover, Presima Inc. has 6.24% invested in the company for 998,300 shares. The New York-based Marathon Partners Equity Management Llc has invested 5.63% in the stock. Third Avenue Management Llc, a New York-based fund reported 1.52 million shares.

Since January 1, 0001, it had 1 buying transaction, and 2 sales for $5.57 million activity.

Macerich Company (NYSE:MAC) Ratings Coverage

Ratings analysis reveals 13% of Macerich’s analysts are positive. Out of 8 Wall Street analysts rating Macerich, 1 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $45 while the high is $65.5. The stock’s average target of $50.08 is 17.39% above today’s ($42.66) share price. MAC was included in 9 notes of analysts from September 17, 2018. Morgan Stanley downgraded it to “Underweight” rating and $45 target in Tuesday, November 27 report. As per Friday, February 8, the company rating was downgraded by Wells Fargo. The stock of Macerich Company (NYSE:MAC) earned “Hold” rating by Barclays Capital on Wednesday, March 13. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Thursday, December 20. Wells Fargo maintained the stock with “Outperform” rating in Friday, December 7 report. The stock of Macerich Company (NYSE:MAC) has “Outperform” rating given on Monday, September 17 by Evercore. As per Friday, February 22, the company rating was maintained by RBC Capital Markets. On Wednesday, January 23 the stock rating was downgraded by Mizuho to “Neutral”. The firm earned “Hold” rating on Tuesday, February 12 by Deutsche Bank.

More notable recent Macerich Company (NYSE:MAC) news were published by: Seekingalpha.com which released: “Amazon becomes a coveted mall tenant: WSJ – Seeking Alpha” on March 05, 2019, also Seekingalpha.com with their article: “3 Great Buys From Real Estate In 2019 – Seeking Alpha” published on March 08, 2019, Bizjournals.com published: “Life Time Fitness to build in Peoria – Phoenix Business Journal” on March 01, 2019. More interesting news about Macerich Company (NYSE:MAC) were released by: Seekingalpha.com and their article: “Tesla wants to close stores–not so fast, say its landlords – Seeking Alpha” published on March 08, 2019 as well as Nasdaq.com‘s news article titled: “Realty Income (O) Raises Monthly Dividend for 101st Time – Nasdaq” with publication date: March 13, 2019.

Macerich Company (NYSE:MAC) Institutional Positions Chart

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