Macerich (NYSE:MAC) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Macerich (NYSE:MAC - Get Free Report) in a report released on Tuesday, MarketBeat reports. The firm set a "hold" rating and a $22.00 price target on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 3.04% from the stock's previous close.

Other analysts have also issued research reports about the stock. Bank of America lifted their price target on shares of Macerich from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Compass Point boosted their price target on shares of Macerich from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. StockNews.com cut shares of Macerich from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Mizuho upgraded shares of Macerich from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $14.00 to $22.00 in a research report on Wednesday, December 4th. Finally, Evercore ISI increased their price target on shares of Macerich from $15.00 to $16.00 and gave the company an "in-line" rating in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Macerich currently has a consensus rating of "Hold" and an average price target of $18.86.

Macerich Trading Down 1.4 %

NYSE:MAC traded down $0.31 during midday trading on Tuesday, hitting $21.35. The stock had a trading volume of 2,767,388 shares, compared to its average volume of 1,869,792. The stock has a 50-day moving average of $19.61 and a 200 day moving average of $17.05. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 54.77, a PEG ratio of 0.74 and a beta of 2.51. Macerich has a one year low of $12.99 and a one year high of $22.27.

Macerich (NYSE:MAC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.90). The business had revenue of $220.20 million for the quarter, compared to analysts' expectations of $208.54 million. Macerich had a net margin of 8.98% and a return on equity of 3.15%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. As a group, sell-side analysts forecast that Macerich will post 1.56 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Smead Capital Management Inc. lifted its position in shares of Macerich by 3.5% during the third quarter. Smead Capital Management Inc. now owns 20,433,449 shares of the real estate investment trust's stock worth $372,706,000 after purchasing an additional 688,790 shares in the last quarter. FMR LLC increased its stake in Macerich by 12,475.9% in the third quarter. FMR LLC now owns 11,772,891 shares of the real estate investment trust's stock valued at $214,738,000 after purchasing an additional 11,679,276 shares in the last quarter. Geode Capital Management LLC increased its stake in Macerich by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,426,909 shares of the real estate investment trust's stock valued at $99,004,000 after purchasing an additional 34,982 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Macerich by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,801,369 shares of the real estate investment trust's stock valued at $87,577,000 after purchasing an additional 113,128 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Macerich by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,217,373 shares of the real estate investment trust's stock valued at $49,675,000 after purchasing an additional 126,192 shares in the last quarter. Institutional investors own 87.38% of the company's stock.

About Macerich

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.