Crossmark Global Holdings Inc. Acquires New Position in Macerich Company (The) (MAC)

Crossmark Global Holdings Inc. acquired a new stake in shares of Macerich Company (The) (NYSE:MAC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,790 shares of the real estate investment trust’s stock, valued at approximately $538,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MAC. Fox Run Management L.L.C. purchased a new position in shares of Macerich Company (The) during the second quarter valued at approximately $273,000. NN Investment Partners Holdings N.V. lifted its stake in shares of Macerich Company (The) by 15.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 14,372 shares of the real estate investment trust’s stock valued at $834,000 after buying an additional 1,977 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Macerich Company (The) by 518.1% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 19,799 shares of the real estate investment trust’s stock worth $1,150,000 after purchasing an additional 16,596 shares during the last quarter. LS Investment Advisors LLC increased its position in Macerich Company (The) by 18.0% during the second quarter. LS Investment Advisors LLC now owns 6,796 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Aperio Group LLC increased its position in Macerich Company (The) 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. 97.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Macerich Company (NYSE MAC) opened at $64.21 on Friday. Macerich Company has a 52-week low of $52.12 and a 52-week high of $73.34. The stock has a market cap of $9,039.03, a price-to-earnings ratio of 16.13, a PEG ratio of 2.97 and a beta of 0.80. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.25.

Macerich Company (The) (NYSE:MAC) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.86). The business had revenue of $242.50 million during the quarter, compared to analyst estimates of $226.00 million. Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. Macerich Company (The)’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. research analysts forecast that Macerich Company will post 3.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.61%. This is a positive change from Macerich Company (The)’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, November 9th. Macerich Company (The)’s dividend payout ratio (DPR) is presently 281.91%.

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Several equities analysts recently commented on the stock. Mizuho reaffirmed a “hold” rating and set a $60.00 price target on shares of Macerich Company (The) in a research report on Friday, November 10th. Zacks Investment Research raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Boenning Scattergood reaffirmed a “hold” rating on shares of Macerich Company (The) in a research report on Friday, August 4th. Finally, Citigroup Inc. dropped their price target on shares of Macerich Company (The) from $66.00 to $61.00 and set a “neutral” rating for the company in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $66.80.

About Macerich Company (The)

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

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