What's The Story Behind The Macerich Company (NYSE:MAC)


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.



Related Posts

OncoSec Medical Incorporated (NASDAQ:ONCS) Moving 9.17% For The Week
Stock's minimum price target estimates has been figured out at $5 while the maximum price target forecast is established at $5. A total of 1.14 Million shares exchanged hands, whereas the company's average trading volume stands at 830.46 Million shares.

(VIAB) Here a Winning Strategy? The Stock Formed Wedge Down Pattern
Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Viacom by 1,592.5% in the 2nd quarter. Barrington Research maintained it with "Outperform" rating and $63.0 target in Thursday, August 13 report.

Election Day 2017, polls close at 7 pm
Having a say in your county, state and nation's futures matters. "The right to vote is the most important right in our democracy". These people will be the ones who will make decisions that will directly affect each and every household in those communities.

Chinese retailer agrees to $300 million deal for Montana beef
Continuing to open markets to Montana's outstanding beef benefits our hard-working ranchers", Congressman Greg Gianforte said. U.S. companies and China announced deals worth about US$9 billion on Wednesday, according to Commerce Secretary Wilbur Ross.

Kinder Morgan (KMI) Moves 0.11%
Morgan Stanley (NYSE:MS) touched its 1-Year High price of $51.52 on 10/25/17 and its 1-Year Low price of $33.54 on 11/09/16. Pittenger & Anderson Inc increased Vanguard Index Fds (VOT) stake by 2,610 shares to 24,170 valued at $2.84M in 2017Q2.

Rutgers Scarlet Knights vs. Penn State Nittany Lions Preview and Prediction
Another defensive end, Torrence Brown, was lost for the season with a knee injury in a September 16 victory over Georgia State. Coach James Franklin is very aware of the issues surrounding his team and he and his staff are working to fix those issues.

Mumbai eyeing 'maximum points' in 500th Ranji Trophy match: Aditya Tare
Hooda led them against Tripura at home, where they took the lead but also slipped to 77 for six in the second innings. A lot of cricketers come out of it. "They used to always tell me that you sleep, we are going to the deool (temple).

The Roper Technologies Inc. (ROP) Position Decreased by JPMorgan Chase & Co
Oppenheimer Asset Management Inc. purchased a new stake in shares of Roper Technologies in the first quarter worth $362,000. It worsened, as 26 investors sold IBKC shares while 70 reduced holdings. 62 funds opened positions while 162 raised stakes.

Analyst Stock Recommendations For Pioneer Natural Resources Company (PXD), Ensco plc (ESV)
The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Mitsubishi UFJ Financial Group began coverage on Pioneer Natural Resources in a research report on Thursday, September 8th.

Paul George, Russell Westbrook, and Billy Donovan fined $15K for criticizing officials
Flagrant foul on me. "And I said, 'Well, a foul can still occur off the ball.' I thought that play should've been reviewed. They pick and choose when they want to do it, which is not fair in my opinion.

© 2015 ExpressNewsline. All Rights reserved.