Teacher Retirement System of Texas acquired a new position in shares of Macerich Co (NYSE:MAC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,937 shares of the real estate investment trust’s stock, valued at approximately $1,096,000.
Several other institutional investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. increased its holdings in Macerich by 518.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 19,799 shares of the real estate investment trust’s stock valued at $1,150,000 after buying an additional 16,596 shares during the last quarter. LS Investment Advisors LLC increased its holdings in Macerich by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,796 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 1,037 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Macerich by 17.7% during the second quarter. Aperio Group LLC now owns 43,636 shares of the real estate investment trust’s stock worth $2,534,000 after purchasing an additional 6,557 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Macerich by 163.2% during the second quarter. Forsta AP Fonden now owns 40,800 shares of the real estate investment trust’s stock worth $2,369,000 after purchasing an additional 25,300 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of Macerich by 6.9% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 90,935 shares of the real estate investment trust’s stock worth $5,351,000 after purchasing an additional 5,874 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of Macerich Co (NYSE MAC) traded down $0.37 during trading on Thursday, reaching $64.47. 1,020,987 shares of the company’s stock were exchanged, compared to its average volume of 1,472,219. Macerich Co has a 12 month low of $52.12 and a 12 month high of $73.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $9,184.02, a PE ratio of 16.39, a PEG ratio of 3.05 and a beta of 0.88.
Macerich (NYSE:MAC) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.86). Macerich had a net margin of 14.92% and a return on equity of 3.56%. The company had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $226.00 million. During the same period last year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. research analysts predict that Macerich Co will post 3.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.59%. This is a boost from Macerich’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, November 9th. Macerich’s dividend payout ratio (DPR) is 281.91%.
Several equities analysts have issued reports on the company. BidaskClub raised Macerich from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. BMO Capital Markets set a $55.00 target price on shares of Macerich and gave the stock a “hold” rating in a research note on Monday, October 30th. Boenning Scattergood upgraded shares of Macerich from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $66.00 target price on shares of Macerich in a research note on Thursday, November 2nd. Finally, J P Morgan Chase & Co upgraded shares of Macerich from a “neutral” rating to an “overweight” rating and set a $68.00 target price for the company in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.80.
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The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in, The Macerich Partnership, L.P.
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