2 weeks Ago By ABMN Staff
LPL Financial LLC trimmed its holdings in shares of The Macerich Company ( NYSE:MAC – Free Report ) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 539,522 shares of the real estate investment trust’s stock after selling 30,260 shares during the period.
LPL Financial LLC owned about 0.22% of Macerich worth $10,747,000 at the end of the most recent reporting period. Several other hedge funds have also modified their holdings of MAC.
Cerity Partners LLC boosted its holdings in Macerich by 21.9% during the third quarter. Cerity Partners LLC now owns 31,368 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 5,642 shares in the last quarter.
Townsquare Capital LLC lifted its position in shares of Macerich by 7.2% during the 3rd quarter. Townsquare Capital LLC now owns 13,448 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 902 shares during the period.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Macerich by 399.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,546,373 shares of the real estate investment trust’s stock worth $28,206,000 after acquiring an additional 1,236,983 shares in the last quarter.
Janus Henderson Group PLC grew its holdings in shares of Macerich by 7.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,950,224 shares of the real estate investment trust’s stock worth $53,826,000 after acquiring an additional 201,581 shares during the period.
Finally, Quantinno Capital Management LP purchased a new position in Macerich in the 3rd quarter valued at approximately $256,000. 87.38% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of analysts have commented on MAC shares. Morgan Stanley decreased their target price on Macerich from $20.00 to $19.
00 and set an “equal weight” rating on the stock in a research report on Tuesday. Jefferies Financial Group raised shares of Macerich from a “hold” rating to a “buy” rating and increased their price objective for the company from $19.00 to $23.
00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. cut their target price on shares of Macerich from $22.
00 to $18.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Macerich in a report on Tuesday, December 17th.
They issued a “hold” rating and a $22.00 price target on the stock. Finally, Truist Financial dropped their price objective on shares of Macerich from $23.
00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company.
According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.37.
Macerich Price Performance MAC stock opened at $15.62 on Friday. The stock has a market capitalization of $3.
94 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 0.71 and a beta of 2.
62. 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 Macerich Company has a 52-week low of $12.
99 and a 52-week high of $22.27. The stock’s fifty day simple moving average is $18.
79 and its 200-day simple moving average is $19.18. Macerich Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th.
Shareholders of record on Tuesday, March 4th were paid a $0.17 dividend. This represents a $0.
68 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Tuesday, March 4th.
Macerich’s payout ratio is -86.08%. Macerich Company Profile ( Free Report ) 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.
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