Mizuho Issues an Upgrade on Macerich (NYSE:MAC) Shares. What's Next?

Brunilde Fioravanti
Aprile 22, 2018

Delta Limited Liability Co holds 0.3% or 4,430 shares in its portfolio. The brokerage now has a "hold" rating on the real estate investment trust's stock. The stock decreased 0.02% or $0.01 during the last trading session, reaching $66.06. About 151,093 shares traded. (NYSE:PM) has declined 13.93% since April 20, 2017 and is downtrending. It has outperformed by 0.01% the S&P500.

Zeke Capital Advisors Llc increased Eog Res Inc Com (EOG) stake by 38.45% reported in 2017Q4 SEC filing.

Abner Herrman & Brock Llc decreased its stake in Philip Morris International In (PM) by 18.53% based on its latest 2017Q4 regulatory filing with the SEC. Cannell Peter B Company holds 26,444 shares. The hedge fund held 3.62 million shares of the real estate investment trusts company at the end of 2017Q4, valued at $237.43M, up from 1.32M at the end of the previous reported quarter. Price Michael F who had been investing in The Macerich Company for a number of months, seems to be bullish on the $8.70B market cap company.

MAC traded down $0.05 during mid-day trading on Wednesday, reaching $57.50. It has underperformed by 23.58% the S&P500. V3 Lp, a New York-based fund reported 1.63 million shares.

SunTrust Banks also issued estimates for Macerich's Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $1.17 EPS, FY2018 earnings at $3.96 EPS, FY2019 earnings at $4.15 EPS and FY2022 earnings at $4.38 EPS. Its up 0.14, from 0.95 in 2017Q3.

Several institutional investors and hedge funds have recently made changes to their positions in the company. 135.39 million shares or 0.30% more from 134.98 million shares in 2017Q3 were reported. Utah Retirement owns 34,919 shares for 0.05% of their portfolio. It also reduced its holding in Franklin Resources Inc. Barclays cut their price objective on Macerich from $62.00 to $60.00 and set an equal weight rating for the company in a report on Tuesday, January 30th. Mizuho set a $63.00 price target on shares of Macerich and gave the stock a hold rating in a report on Friday, February 16th. Asset Management, a Colorado-based fund reported 2,801 shares. Adage Partners Group Llc holds 0.02% or 152,200 shares. 447 were accumulated by Huntington Bank. Clearbridge Limited Com holds 12.65 million shares.

Among 24 analysts covering The Macerich Company (NYSE:MAC), 6 have Buy rating, 2 Sell and 16 Hold. Morgan Stanley reissued a hold rating on shares of Macerich in a report on Tuesday, February 6th. J.P. Morgan downgraded Macerich Company (NYSE:MAC) rating on Tuesday, March 27. It improved, as 41 investors sold D shares while 278 reduced holdings. Therefore 33% are positive. Macerich had 23 analyst reports since October 30, 2017 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, August 25 by BTIG Research. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company's stock. The company has a consensus rating of "Hold" and an average target price of $75.07. The firm has "Sector Perform" rating by RBC Capital Markets given on Tuesday, June 27.

Among 31 analysts covering Nordstrom Inc. Jefferies has "Hold" rating and $5700 target. The company was maintained on Friday, August 4 by Boenning & Scattergood. The firm earned "Accumulate" rating on Tuesday, May 9 by Gordon Haskett. The firm earned "Overweight" rating on Thursday, December 14 by JP Morgan. Schroder Mngmt Group Incorporated stated it has 12,956 shares. The company was reinitiated on Wednesday, March 16 by Credit Suisse. The rating was maintained by Evercore on Tuesday, September 8 with "Hold". The rating was maintained by UBS on Friday, March 2 with "Buy". The firm earned "Hold" rating on Monday, October 30 by Jefferies.

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.14, from 0.97 in 2017Q3. It is positive, as 48 investors sold EOG shares while 332 reduced holdings. 83 funds opened positions while 231 raised stakes. Smith Salley Associates stated it has 0.08% of its portfolio in Dominion Energy, Inc. (NYSE:EOG) for 5,220 shares. The company's stock had a trading volume of 3,922,998 shares, compared to its average volume of 1,180,286. Broadview Advsrs Limited Liability Company has 121,900 shares for 0.82% of their portfolio. Blackrock Incorporated reported 11.42M shares or 0.04% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 23,624 shares. Wealthfront Inc sold 5,777 shares as the company's stock declined 14.88% with the market. Asset Management One Co. Moreover, Banced has 0.49% invested in Philip Morris International Inc. (NYSE:JWN). 4,747 are held by Thrivent For Lutherans.

Since April 11, 2018, it had 0 buys, and 3 selling transactions for $1.56 million activity. $11.81M worth of Philip Morris International Inc. $1.43 million worth of stock was sold by FIRESTONE MARC S on Wednesday, February 21.

Analysts await Nordstrom, Inc. Registered Inv Advisor accumulated 0.21% or 6,790 shares. MAC's profit will be $122.40M for 17.75 P/E if the $0.81 EPS becomes a reality. During the same quarter in the previous year, the company posted $1.17 earnings per share.

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