6 days Ago By ABMN Staff
Russell Investments Group Ltd. decreased its holdings in The Macerich Company ( NYSE:MAC – Free Report ) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 235,002 shares of the real estate investment trust’s stock after selling 12,955 shares during the period. Russell Investments Group Ltd. owned about 0.
09% of Macerich worth $4,681,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds also recently bought and sold shares of the company. Friedenthal Financial bought a new stake in Macerich during the fourth quarter valued at about $771,000.
Smartleaf Asset Management LLC grew its position in shares of Macerich by 314.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,467 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 2,630 shares during the last quarter.
Van ECK Associates Corp raised its stake in shares of Macerich by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 44,843 shares of the real estate investment trust’s stock worth $893,000 after acquiring an additional 7,608 shares in the last quarter.
New York State Teachers Retirement System lifted its position in Macerich by 2.2% during the fourth quarter. New York State Teachers Retirement System now owns 183,508 shares of the real estate investment trust’s stock valued at $3,655,000 after acquiring an additional 3,979 shares during the last quarter.
Finally, Bank of New York Mellon Corp boosted its stake in Macerich by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,162,987 shares of the real estate investment trust’s stock valued at $43,087,000 after acquiring an additional 142,566 shares in the last quarter.
Hedge funds and other institutional investors own 87.38% of the company’s stock. Wall Street Analyst Weigh In Several analysts have recently commented on MAC shares.
Deutsche Bank Aktiengesellschaft initiated coverage on Macerich in a report on Tuesday, December 17th. They set a “hold” rating and a $22.00 price objective for the company.
The Goldman Sachs Group lowered their price target on Macerich from $16.70 to $14.40 and set a “sell” rating for the company in a report on Monday, March 10th.
Piper Sandler cut their price objective on shares of Macerich from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, February 28th.
JPMorgan Chase & Co. lowered their target price on shares of Macerich from $22.00 to $18.
00 and set an “underweight” rating for the company in a research note on Monday, March 10th. Finally, Scotiabank cut their price target on shares of Macerich from $22.00 to $21.
00 and set a “sector perform” rating on the stock in a research note on Thursday, March 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Hold” and an average target price of $19.37. Macerich Price Performance NYSE:MAC opened at $14.
03 on Tuesday. The firm’s fifty day moving average is $17.62 and its two-hundred day moving average is $18.
99. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 35.
98, a PEG ratio of 0.71 and a beta of 2.17.
The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.92 and a current ratio of 0.
92. The Macerich Company has a one year low of $12.48 and a one year high of $22.
27. Macerich Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a dividend of $0.
17 per share. This represents a $0.68 annualized dividend and a yield of 4.
85%. The ex-dividend date was Tuesday, March 4th. Macerich’s dividend payout ratio (DPR) 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. See Also Want to see what other hedge funds are holding MAC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Macerich Company ( NYSE:MAC – Free Report ). 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 .
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