State of Wyoming Buys New Shares in Macerich Company (The) $MAC

State of Wyoming purchased a new stake in shares of Macerich Company (The) (NYSE:MAC) during the second quarter, Holdings Channel reports. The fund purchased 39,737 shares of the real estate investment trust’s stock, valued at approximately $1,001,000.

A number of other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of Macerich by 76.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,347 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 585 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Macerich by 366.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,394 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,095 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Macerich by 80.4% during the 4th quarter. Hantz Financial Services Inc. now owns 1,535 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 684 shares in the last quarter. Triumph Capital Management acquired a new stake in Macerich during the third quarter worth approximately $33,000. Finally, Salomon & Ludwin LLC increased its holdings in Macerich by 156.6% in the fourth quarter. Salomon & Ludwin LLC now owns 2,189 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,336 shares in the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Macerich from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $27.00 in a research note on Tuesday, June 2nd. Citigroup raised their price objective on shares of Macerich from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank lifted their price objective on shares of Macerich from $24.00 to $27.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 18th. Evercore set a $25.00 target price on shares of Macerich in a research report on Thursday, August 6th. Finally, Jefferies Financial Group raised shares of Macerich to a “strong-buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.73.

Macerich Stock Performance

Shares of Macerich stock opened at $24.70 on Friday. The business has a 50-day simple moving average of $25.03 and a 200 day simple moving average of $22.01. Macerich Company has a one year low of $16.03 and a one year high of $26.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of -37.99, a PEG ratio of 1.74 and a beta of 2.07.

Macerich (NYSE:MAC) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). Macerich had a negative return on equity of 6.26% and a negative net margin of 16.85%.The firm had revenue of $249.71 million during the quarter, compared to the consensus estimate of $239.77 million. During the same quarter in the previous year, the company posted $0.33 EPS. The firm’s revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that Macerich Company will post 1.49 earnings per share for the current fiscal year.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 14th. Macerich’s dividend payout ratio (DPR) is currently -104.62%.

Macerich Company Profile

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.