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

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded The Macerich from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Royal Bank Of Canada upgraded The Macerich from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $82.00 to $87.00 in a research report on Friday, May 6th. They noted that the move was a valuation call. Jefferies Group reiterated a “hold” rating and issued a $78.00 target price on shares of The Macerich in a research report on Thursday, May 5th. Canaccord Genuity reiterated a “hold” rating and issued a $80.00 target price on shares of The Macerich in a research report on Wednesday, May 4th. Finally, Mizuho initiated coverage on The Macerich in a research report on Wednesday, April 13th. They set a “neutral” rating and a $88.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.21.

The firm has a market cap of $13.15 billion and a PE ratio of 15.69. The company’s 50-day moving average price is $80.74 and its 200-day moving average price is $78.80.

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

In related news, COO Robert D. Perlmutter sold 1,500 shares of The Macerich stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $77.13, for a total value of $115,695.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Hern Thomas E. O sold 5,000 shares of The Macerich stock in a transaction dated Friday, April 15th. The stock was sold at an average price of $78.85, for a total value of $394,250.00. Following the completion of the sale, the chief financial officer now owns 61,377 shares in the company, valued at $4,839,576.45. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its stake in 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. Quantitative Investment Management LLC boosted its stake in 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. Alpine Woods Capital Investors LLC boosted its stake in The Macerich by 3.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 32,028 shares of the real estate investment trust’s stock valued at $2,584,000 after buying an additional 1,100 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in The Macerich by 13.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 33,097 shares of the real estate investment trust’s stock valued at $2,781,000 after buying an additional 3,876 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in The Macerich by 95.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 35,454 shares of the real estate investment trust’s stock valued at $2,861,000 after buying an additional 17,305 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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