QS Investors LLC Sells 8,878 Shares of Macerich Company (The) (NYSE:MAC)

QS Investors LLC trimmed its position in shares of Macerich Company (The) (NYSE:MAC) by 56.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,977 shares of the real estate investment trust’s stock after selling 8,878 shares during the period. QS Investors LLC’s holdings in Macerich Company (The) were worth $405,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Macerich Company (The) by 33.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,862 shares of the real estate investment trust’s stock worth $2,082,000 after acquiring an additional 9,044 shares during the last quarter. Apollo Management Holdings L.P. acquired a new position in Macerich Company (The) during the 2nd quarter worth $3,039,000. Global X Management Co. LLC lifted its position in Macerich Company (The) by 45.5% during the 1st quarter. Global X Management Co. LLC now owns 5,185 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 1,621 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Macerich Company (The) by 1.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 95,143 shares of the real estate investment trust’s stock worth $6,127,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Kempen Capital Management N.V. lifted its position in Macerich Company (The) by 45.2% during the 2nd quarter. Kempen Capital Management N.V. now owns 83,913 shares of the real estate investment trust’s stock worth $4,871,000 after acquiring an additional 26,139 shares during the last quarter. Institutional investors and hedge funds own 94.52% of the company’s stock.

A number of research analysts have recently commented on MAC shares. KeyCorp reaffirmed a “buy” rating and set a $75.00 price objective on shares of Macerich Company (The) in a research note on Monday, August 28th. BidaskClub raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “hold” rating and set a $57.00 price target on shares of Macerich Company (The) in a research note on Monday, July 17th. BMO Capital Markets assumed coverage on shares of Macerich Company (The) in a research note on Monday, September 11th. They set a “market perform” rating and a $55.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. Macerich Company (The) presently has a consensus rating of “Hold” and a consensus target price of $66.93.

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Macerich Company (NYSE MAC) opened at 57.05 on Friday. The company has a 50-day moving average of $55.68 and a 200-day moving average of $57.95. The company has a market cap of $8.07 billion, a P/E ratio of 56.10 and a beta of 0.80. Macerich Company has a 52-week low of $52.12 and a 52-week high of $74.58.

Macerich Company (The) (NYSE:MAC) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. The business had revenue of $247.20 million during the quarter, compared to the consensus estimate of $218.62 million. Macerich Company (The) had a return on equity of 3.38% and a net margin of 14.39%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. On average, equities research analysts expect that Macerich Company will post $1.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, November 9th. This is an increase from Macerich Company (The)’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.19%. Macerich Company (The)’s payout ratio is 278.43%.

Macerich Company (The) Company Profile

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.

Institutional Ownership by Quarter for Macerich Company (The) (NYSE:MAC)

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