2 weeks Ago By ABMN Staff
The Macerich Company ( NYSE:MAC – Get Free Report ) shares reached a new 52-week high on Friday . The stock traded as high as $17.92 and last traded at $17.
85, with a volume of 402910 shares traded. The stock had previously closed at $17.38.
Analyst Upgrades and Downgrades MAC has been the subject of several analyst reports. Evercore ISI lifted their price target on shares of Macerich from $15.00 to $16.
00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. The Goldman Sachs Group lifted their target price on shares of Macerich from $13.00 to $14.
60 and gave the company a “sell” rating in a research note on Thursday, September 19th. Piper Sandler increased their price target on Macerich from $11.00 to $14.
00 and gave the stock an “underweight” rating in a research report on Tuesday, September 3rd. Finally, StockNews.com upgraded Macerich from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.
Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Macerich currently has an average rating of “Hold” and an average price target of $15.
45. Read Our Latest Research Report on MAC Macerich Trading Up 3.3 % Macerich Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th.
Stockholders of record on Monday, August 19th were paid a $0.17 dividend. This represents a $0.
68 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, August 19th.
Macerich’s dividend payout ratio (DPR) is presently -43.59%. Institutional Investors Weigh In On Macerich A number of institutional investors and hedge funds have recently modified their holdings of MAC.
Norges Bank acquired a new stake in shares of Macerich during the fourth quarter worth $22,210,000. PNC Financial Services Group Inc. grew its position in shares of Macerich by 7.
4% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,322 shares of the real estate investment trust’s stock worth $298,000 after buying an additional 1,333 shares during the period.
Corient Private Wealth LLC increased its stake in shares of Macerich by 227.2% in the 4th quarter. Corient Private Wealth LLC now owns 43,584 shares of the real estate investment trust’s stock valued at $673,000 after acquiring an additional 30,264 shares during the last quarter.
Hsbc Holdings PLC raised its position in shares of Macerich by 12.1% in the 4th quarter. Hsbc Holdings PLC now owns 126,062 shares of the real estate investment trust’s stock valued at $1,945,000 after acquiring an additional 13,576 shares during the period.
Finally, CIBC Asset Management Inc boosted its stake in Macerich by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 23,313 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 1,275 shares during the last quarter.
87.38% of the stock is owned by institutional investors. About Macerich ( Get 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.
Read More Receive News & Ratings for Macerich Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macerich and related companies with MarketBeat.com's FREE daily email newsletter ..
