The Macerich Co. (NYSE:MAC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $88.65 and last traded at $88.62, with a volume of 325,852 shares trading hands. The stock had previously closed at $87.49.

A number of research analysts have recently weighed in on the company. Credit Suisse Group AG reaffirmed a “sell” rating and set a $76.00 price objective on shares of The Macerich in a research report on Wednesday, March 16th. Deutsche Bank AG lowered their price objective on The Macerich from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 21st. Evercore ISI lifted their price objective on The Macerich to $81.00 in a research report on Monday, March 21st. Bank of America Corp. cut The Macerich from a “buy” rating to a “neutral” rating in a research report on Monday, March 28th. Finally, Boenning Scattergood cut The Macerich from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The Macerich has an average rating of “Hold” and a consensus target price of $85.21.

The company has a market cap of $13.17 billion and a PE ratio of 15.72. The firm’s 50-day moving average is $79.93 and its 200-day moving average is $78.68.

The Macerich (NYSE:MAC) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. During the same period last year, the business earned $0.79 earnings per share. The company had revenue of $256 million for the quarter, compared to analyst estimates of $288.89 million. The firm’s revenue was down 19.6% on a year-over-year basis. On average, analysts forecast that The Macerich Co. will post $4.10 earnings per share for the current year.

In other The Macerich news, CFO Hern Thomas E. O sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $74.71, for a total value of $373,550.00. Following the sale, the chief financial officer now directly owns 56,377 shares of the company’s stock, valued at $4,211,925.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Robert D. Perlmutter sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $85.49, for a total value of $128,235.00. The disclosure for this sale can be found here.

A number of hedge funds have modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. raised its stake in shares of The Macerich by 8.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 130,079 shares of the real estate investment trust’s stock valued at $10,497,000 after buying an additional 9,915 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of The Macerich by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 15,059 shares of the real estate investment trust’s stock valued at $1,215,000 after buying an additional 71 shares during the last quarter. Cornerstone Real Estate Advisers LLC raised its stake in shares of The Macerich by 39.4% in the fourth quarter. Cornerstone Real Estate Advisers LLC now owns 89,170 shares of the real estate investment trust’s stock valued at $7,195,000 after buying an additional 25,223 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of The Macerich by 4.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 226,484 shares of the real estate investment trust’s stock valued at $18,492,000 after buying an additional 10,183 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its stake in shares of The Macerich by 110.5% in the fourth quarter. Quantitative Investment Management LLC now owns 24,000 shares of the real estate investment trust’s stock valued at $1,936,000 after buying an additional 12,600 shares during the last quarter.

The Macerich Company is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers.

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