Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal General Grp Public Limited Co accumulated 1.15 million shares or 0.05% of the stock. BlackRock Fund Advisors increased its position in shares of The Macerich by 22.3% in the second quarter. CIBC World Markets Inc.'s holdings in The Macerich were worth $1,629,000 as of its most recent filing with the SEC. Tudor Et Al reported 0.01% of its portfolio in Macerich Co (NYSE:MAC). Honeywell International Inc. increased its stake in shares of Macerich Company (The) by 27.8% in the third quarter. BlackRock Fund Advisors now owns 4,809,198 shares of the real estate investment trust's stock valued at $410,657,000 after buying an additional 877,068 shares during the period. Toronto Dominion Bank increased its stake in shares of Macerich Company (The) by 23.8% during the 2nd quarter. Sentry Investment Management LLC now owns 9,690 shares of the real estate investment trust's stock worth $563,000 after buying an additional 102 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Macerich Company (The) by 11.8% in the 2nd quarter. Korea Investment CORP now owns 40,400 shares of the real estate investment trust's stock valued at $2,221,000 after purchasing an additional 4,100 shares during the period. Ffcm LLC now owns 8,490 shares of the real estate investment trust's stock valued at $493,000 after purchasing an additional 510 shares during the last quarter. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law.
According to Zacks brokerage recommendations, The Macerich Company (NYSE:MAC)'s Buy count is 0 and Strong Buy is 3 while the number of analysts recommending Sell and Strong Sell are 0 and 10, respectively. BidaskClub upgraded shares of Macerich Company (The) from a hold rating to a buy rating in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a "hold" rating and set a $57.00 price objective on shares of Macerich Company (The) in a research report on Tuesday, September 26th. Boenning Scattergood upgraded shares of Macerich Company (The) from a neutral rating to an outperform rating in a research report on Wednesday, August 23rd. BMO Capital Markets set a $55.00 target price on shares of Macerich Company (The) and gave the stock a hold rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock.
The Macerich Company (NYSE:MAC) slipped over -0.37% at $54.19. 3,475,483 shares of the company were exchanged, compared to its average volume of 1,715,800.
The price of The Macerich Company (NYSE:MAC) over the past year has decreased -15.22% while the S&P 500 has increased 21.36%. The stock has a market cap of $7,628.48, a price-to-earnings ratio of 13.62, a P/E/G ratio of 2.56 and a beta of 0.80.
Macerich Company (The) (NYSE:MAC) last released its quarterly earnings results on Monday, October 30th.
The Macerich Company is a self-administered and self-managed real estate investment trust.
The Macerich Company (NYSE:MAC) gross margin percentage stands at 60.3% while its operating margin for the past trailing twelve month is 7.3 percent and its overall profit margin (ttm) is 14.9 Percent. The firm had revenue of $242.50 million for the quarter, compared to analyst estimates of $226.00 million. Shareholders of record on Friday, November 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Tuesday, November 8th. This is a boost from Macerich Company (The)'s previous quarterly dividend of $0.71. The consensus recommendation is presently 2.70. Macerich Company (The)'s dividend payout ratio (DPR) is now 270.48%.
The company operates in the Real Estate sector with a market capitalization of 8.5 Million. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers.