Impact of Brokerage Rating on Macerich Company (The)(MAC)

Many Macerich Company (The)(MAC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Macerich Co was Reiterated by Stifel on Feb 7, 2017 to Hold, Lowers Price Target to $ 74 from a previous price target of $76 .Macerich Co was Reiterated by Canaccord Genuity on Jan 23, 2017 to Hold, Lowers Price Target to $ 77 from a previous price target of $84 .

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, Hern Thomas E O (Senior EVP, Treasurer & CFO) sold 5,000 shares at 70.00 per share price.On Jan 4, 2017, Robert D Perlmutter (Senior EVP and COO) sold 1,500 shares at 70.79 per share price.On Sep 23, 2016, Randy L Brant (EVP, Real Estate) sold 24,250 shares at 83.10 per share price.

Macerich Co Last issued its quarterly earnings results on Feb 6, 2017. The company reported $1.17 EPS for the quarter. Analyst had a consensus estimate of $1.17.Analysts expectations of $ 282.64.During the same quarter in the previous year, the company posted $1.12 EPS.

Macerich Company (The) (NYSE:MAC) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 2.62 by 13 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 10 Brokerage Firms have advised hold.

Macerich Company (The) (NYSE:MAC): The mean short term price target for Macerich Company (The) (NYSE:MAC) has been established at $78.08 per share. The higher price target estimate is at $94 and the lower price target estimate is expected at $66 according to 12 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.79

Macerich Company (The) (NYSE:MAC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.78% or 0.53 points. After the session commenced at $67.61, the stock reached the higher end at $67.61 while it hit a low of $66.72. With the volume soaring to 794,964 shares, the last trade was called at $67.17. The company has a 52-week high of $94.51. The company has a market cap of $9,671 million and there are 143,985,040 shares in outstanding. The 52-week low of the share price is $66.

MACERICH CO. is a self-administered, self-managed real estate investment trust which is engaged in the acquisition, ownership, redevelopment, management and leasing of regional shopping centers located throughout the United States.

Macerich

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