Saturday, 24 August, 2019

Macerich (MAC) Issues Quarterly Earnings Results

Lora Ball | 08 February, 2018, 03:42

Shares of Macerich closed the previous trading session at 60.84 up +1.24 2.08% with 59.36000061035156 shares trading hands.

On 9/23/2016 Randy L. Brant, EVP, sold 24,250 with an average share price of $83.10 per share and the total transaction amounting to $2,015,175.00. The ex-dividend date is Tuesday, February 20th. It has underperformed by 35.32% the S&P500.

V3 Capital Management Lp increased its stake in Macerich Co (MAC) by 44.71% based on its latest 2017Q3 regulatory filing with the SEC. Peregrine Asset Advisers Inc bought 3,000 shares as the company's stock declined 1.16% while stock markets rallied. Peregrine Asset Advisers Inc who had been investing in Clorox for a number of months, seems to be bullish on the $16.38 billion market cap company.

The stock decreased 1.46% or $0.32 during the last trading session, reaching $21.65.

The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.14 per share. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 0.77% since February 7, 2017 and is uptrending. It has underperformed by 15.02% the S&P500.

Macerich (NYSE:MAC)'s stock had its "buy" rating restated by research analysts at Boenning Scattergood in a research report issued on Wednesday. Therefore 35% are positive.

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Usually, financial analysts consider return on equity ratios in the 15-20% range as an attractive level of investment quality. Cirrus Logic, Inc. (NASDAQ:CRUS) has risen 97.50% since February 7, 2017 and is uptrending. (NASDAQ:CRUS) for 123,730 shares.

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Macerich (NYSE:MAC) last posted its earnings results on Monday, February 5th. The firm has "Hold" rating given on Friday, August 4 by Boenning & Scattergood. The company presently has an average rating of "Hold" and a consensus target price of $67.03. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Wednesday, January 3 report. The firm has "Underperform" rating by Evercore given on Monday, December 11.

Investors sentiment increased to 1.12 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It is positive, as 19 investors sold MAC shares while 114 reduced holdings. 109 funds opened positions while 414 raised stakes. (NYSE:CYS), its shares were trading at $6.49 a gain of $0.1, on the trading floor. State Street Corporation holds 0.03% or 6.93 million shares in its portfolio. Commercial Bank Of Montreal Can invested in 34,940 shares or 0% of the stock.

For this year, Macerich Company (NYSE:MAC) is performing -9.06%. United Service Automobile Association stated it has 0.01% of its portfolio in Macerich Company (NYSE:MAC). Investment Advisors Lp, a Texas-based fund reported 265,581 shares.

Verity & Verity Llc increased its stake in Chevron Corp New (CVX) by 3.49% based on its latest 2017Q3 regulatory filing with the SEC. Vanguard Gp accumulated 22.32 million shares. Virtus Advisers owns 0.01% invested in Macerich Company (NYSE:MAC) for 2,563 shares. Parkside Fin Fincl Bank And Tru accumulated 0% or 130 shares. Plante Moran Advsr Limited reported 55 shares. It also reduced its holding in Sp Plus Corp. (NYSE:KEYS) by 74,500 shares in the quarter, leaving it with 115,500 shares, and cut its stake in Teva Pharmaceutical Industries Ltd. (NYSE:TEVA). Alley invested in 1.53% or 54,104 shares. Its up 0.17, from 0.78 in 2017Q2. 121 funds opened positions while 584 raised stakes. Armstrong Henry H Assoc owns 184,557 shares. Opus Mngmt Inc holds 0.12% in The Clorox Company (NYSE:CLX) or 5,000 shares. Arizona State Retirement owns 0.07% invested in Macerich Company (NYSE:MAC) for 112,516 shares. Sarasin Prtnrs Ltd Liability Partnership owns 113,754 shares or 0.13% of their U.S. portfolio. Tx reported 21,659 shares stake. The rating was upgraded by Morgan Stanley to "Overweight" on Tuesday, November 1. Hsbc Public Limited holds 479,250 shares or 0.04% of its portfolio. Citigroup reported 13,653 shares. Exxonmobil Inv Management Tx holds 0.03% or 19,885 shares in its portfolio. Evergreen Mngmt invested in 29,387 shares or 0.4% of the stock.

Peregrine Asset Advisers Inc, which manages about $266.46 million and $190.11M US Long portfolio, decreased its stake in American Express (NYSE:AXP) by 5,833 shares to 44,928 shares, valued at $4.06M in 2017Q3, according to the filing. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company's stock. The company was maintained on Tuesday, August 22 by Oppenheimer. Barclays Capital maintained the shares of MAC in report on Tuesday, January 30 with "Equal-Weight" rating. The stock has "Buy" rating by Deutsche Bank on Thursday, June 2. Sun Life Financial INC now owns 3,928 shares of the real estate investment trust's stock worth $228,000 after acquiring an additional 3,728 shares in the last quarter. The rating was maintained by Jefferies with "Hold" on Wednesday, August 31. Sterne Agee CRT downgraded the stock to "Neutral" rating in Friday, February 26 report. "Further, interest rate hikes and portfolio concentration remain concerns for the company".

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