Analysts See $1.14 EPS for Macerich Company (MAC)

January 19, 2018 - By Nellie Frank

 Analysts See $1.14 EPS for Macerich Company (MAC)
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.
Citadel Advsr Lc stated it has 151,217 shares or 0.01% of all its holdings. 80,896 are owned by Nomura Asset Mgmt Ltd. Balyasny Asset Mgmt Limited reported 1.08 million shares. Wellington Group Llp accumulated 15,448 shares. Dnb Asset As holds 0.01% in Macerich Company (NYSE:MAC) or 11,695 shares. 25,199 are owned by Honeywell. Ww Asset Mngmt reported 0.02% in Macerich Company (NYSE:MAC). Apollo Mngmt Ltd Partnership reported 148,499 shares stake. Commonwealth National Bank Of stated it has 115 shares or 0% of all its holdings. 5,176 were accumulated by Bnp Paribas Asset Management Holding. Ulysses Mgmt owns 2.18% invested in Macerich Company (NYSE:MAC) for 365,000 shares. Mitsubishi Ufj Tru Banking Corp invested in 0.02% or 243,559 shares. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.05% in Macerich Company (NYSE:MAC). Thrivent For Lutherans owns 55,588 shares for 0.01% of their portfolio. 23.29 million were reported by Ontario Teachers Pension Plan Board.

Analysts expect Macerich Company (NYSE:MAC) to report $1.14 EPS on February, 5.They anticipate $0.03 EPS change or 2.56 % from last quarter’s $1.17 EPS. MAC’s profit would be $172.17 million giving it 13.76 P/E if the $1.14 EPS is correct. After having $0.96 EPS previously, Macerich Company’s analysts see 18.75 % EPS growth. The stock decreased 0.27% or $0.17 during the last trading session, reaching $62.73. About 281,563 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since January 19, 2017 and is downtrending. It has underperformed by 35.32% the S&P500.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 21 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. The Macerich Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, September 26, the company rating was upgraded by J.P. Morgan. On Tuesday, July 21 the stock rating was initiated by Deutsche Bank with “Hold”. The company was maintained on Wednesday, August 9 by RBC Capital Markets. The firm earned “Equal-Weight” rating on Tuesday, July 18 by Barclays Capital. The firm earned “Neutral” rating on Tuesday, May 30 by Mizuho. The firm has “Hold” rating by Canaccord Genuity given on Monday, March 27. The firm has “Buy” rating by Bank of America given on Tuesday, January 12. The stock of Macerich Company (NYSE:MAC) has “Sector Perform” rating given on Wednesday, October 7 by RBC Capital Markets. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, July 22. On Wednesday, January 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.

The Macerich Company is an independent real estate investment trust. The company has market cap of $9.47 billion. The firm invests in the real estate markets of the United States. It has a 60.09 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: “Macerich: A Diamond In The Retail Aftermath” on November 16, 2017, also Wsj.com with their article: “Macerich to Sell West Los Angeles Mall” published on October 31, 2017, Bloomberg.com published: “Macerich Executives to Get $32 Million Sweetener If Firm Is Sold” on November 21, 2017. More interesting news about Macerich Company (NYSE:MAC) were released by: Seekingalpha.com and their article: “Separating The Wheat From The Chaff: Part II” published on August 15, 2017 as well as Seekingalpha.com‘s news article titled: “Macerich: Where Is The Bottom?” with publication date: September 05, 2017.

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