As American Electric Power (AEP) Market Valuation Rose, Ecofin LTD Cut Stake by $449.07 Million; Macerich Company (MAC) Shareholder Heitman Real Estate Securities Raised Holding

January 14, 2018 - By Maria Brooks

Heitman Real Estate Securities Llc increased its stake in Macerich Company (MAC) by 32.52% based on its latest 2017Q3 regulatory filing with the SEC. Heitman Real Estate Securities Llc bought 45,350 shares as the company’s stock declined 10.63% while stock markets rallied. The institutional investor held 184,807 shares of the real estate investment trusts company at the end of 2017Q3, valued at $10.16 million, up from 139,457 at the end of the previous reported quarter. Heitman Real Estate Securities Llc who had been investing in Macerich Company for a number of months, seems to be bullish on the $9.51B market cap company. The stock decreased 0.21% or $0.13 during the last trading session, reaching $62.97. About 503,187 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since January 14, 2017 and is downtrending. It has underperformed by 35.32% the S&P500.

Ecofin Ltd decreased its stake in American Electric Power (AEP) by 98.28% based on its latest 2017Q3 regulatory filing with the SEC. Ecofin Ltd sold 6.42M shares as the company’s stock rose 7.19% with the market. The hedge fund held 112,562 shares of the public utilities company at the end of 2017Q3, valued at $7.91 million, down from 6.53 million at the end of the previous reported quarter. Ecofin Ltd who had been investing in American Electric Power for a number of months, seems to be less bullish one the $33.18 billion market cap company. The stock decreased 1.85% or $1.27 during the last trading session, reaching $67.46. About 6.65M shares traded or 177.67% up from the average. American Electric Power Company, Inc. (NYSE:AEP) has risen 7.63% since January 14, 2017 and is uptrending. It has underperformed by 9.07% the S&P500.

Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.17, from 0.78 in 2017Q2. It improved, as 19 investors sold MAC shares while 114 reduced holdings. 39 funds opened positions while 87 raised stakes. 134.98 million shares or 0.62% more from 134.15 million shares in 2017Q2 were reported. 183,602 were accumulated by Westpac Banking Corporation. Pggm Investments invested 0.35% in Macerich Company (NYSE:MAC). Fmr Limited Liability Company has invested 0.01% in Macerich Company (NYSE:MAC). Arizona State Retirement Systems has invested 0.07% in Macerich Company (NYSE:MAC). Federated Investors Pa has 2,480 shares for 0% of their portfolio. Natl Insurance Tx holds 0.06% in Macerich Company (NYSE:MAC) or 21,659 shares. Tower Research Cap Llc (Trc) has 0% invested in Macerich Company (NYSE:MAC) for 336 shares. 12,173 were accumulated by Group One Trading L P. Independent Order Of Foresters holds 2.9% in Macerich Company (NYSE:MAC) or 63,934 shares. 13,056 were reported by Public Sector Pension Invest Board. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0.02% invested in Macerich Company (NYSE:MAC) for 44,324 shares. Forward Mngmt owns 22,000 shares for 0.14% of their portfolio. Millennium Mgmt Lc stated it has 84,601 shares. Hsbc Holdings Public Limited Company stated it has 479,250 shares. New Mexico Educational Retirement Board owns 0.07% invested in Macerich Company (NYSE:MAC) for 26,262 shares.

Among 21 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. The Macerich Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 16. The stock of Macerich Company (NYSE:MAC) has “Neutral” rating given on Monday, August 14 by Citigroup. Barclays Capital maintained the shares of MAC in report on Tuesday, July 18 with “Equal-Weight” rating. The firm earned “Sector Perform” rating on Wednesday, October 7 by RBC Capital Markets. Stifel Nicolaus maintained Macerich Company (NYSE:MAC) on Tuesday, February 7 with “Hold” rating. The firm has “Hold” rating given on Monday, September 25 by Jefferies. The firm earned “Sell” rating on Friday, March 17 by Goldman Sachs. The rating was downgraded by Evercore to “Underperform” on Monday, December 11. The stock has “Hold” rating by Jefferies on Sunday, August 20. The rating was maintained by Jefferies with “Hold” on Monday, October 30.

Heitman Real Estate Securities Llc, which manages about $2.16B and $1.73 billion US Long portfolio, decreased its stake in Equinix Inc (NASDAQ:EQIX) by 117,189 shares to 56,463 shares, valued at $25.20M in 2017Q3, according to the filing. It also reduced its holding in Hcp Inc. (NYSE:HCP) by 475,040 shares in the quarter, leaving it with 1.70 million shares, and cut its stake in Camden Property Trust (NYSE:CPT).

Analysts await American Electric Power Company, Inc. (NYSE:AEP) to report earnings on January, 25. They expect $0.80 earnings per share, up 19.40% or $0.13 from last year’s $0.67 per share. AEP’s profit will be $393.51 million for 21.08 P/E if the $0.80 EPS becomes a reality. After $1.10 actual earnings per share reported by American Electric Power Company, Inc. for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.

Among 19 analysts covering American Electric Power Company Inc. (NYSE:AEP), 9 have Buy rating, 1 Sell and 9 Hold. Therefore 47% are positive. American Electric Power Company Inc. had 63 analyst reports since August 18, 2015 according to SRatingsIntel. As per Monday, January 8, the company rating was maintained by SunTrust. The firm has “Hold” rating by Jefferies given on Tuesday, September 20. The stock has “Buy” rating by Deutsche Bank on Tuesday, August 25. The company was maintained on Thursday, November 9 by SunTrust. The rating was maintained by Jefferies on Wednesday, August 30 with “Hold”. The firm has “Buy” rating by Guggenheim given on Tuesday, September 8. The stock of American Electric Power Company, Inc. (NYSE:AEP) has “Neutral” rating given on Thursday, October 12 by JP Morgan. The firm has “Buy” rating by Suntrust Robinson given on Monday, October 19. As per Monday, September 26, the company rating was maintained by SunTrust. Mizuho initiated the stock with “Buy” rating in Tuesday, August 18 report.

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