Kempen Capital Management N.V. boosted its stake in shares of Macerich Company (The) (NYSE:MAC) by 45.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,913 shares of the real estate investment trust’s stock after purchasing an additional 26,139 shares during the period. Kempen Capital Management N.V. owned about 0.06% of Macerich Company (The) worth $4,871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MAC. First Trust Advisors LP lifted its position in Macerich Company (The) by 45.1% during the first quarter. First Trust Advisors LP now owns 182,260 shares of the real estate investment trust’s stock valued at $11,738,000 after purchasing an additional 56,639 shares during the period. American Century Companies Inc. lifted its position in Macerich Company (The) by 7.3% during the first quarter. American Century Companies Inc. now owns 7,138 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 485 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Macerich Company (The) by 91.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,315 shares of the real estate investment trust’s stock valued at $689,000 after purchasing an additional 4,931 shares during the period. Comerica Bank lifted its position in Macerich Company (The) by 3.5% during the first quarter. Comerica Bank now owns 36,427 shares of the real estate investment trust’s stock valued at $2,284,000 after purchasing an additional 1,226 shares during the period. Finally, Pictet Asset Management Ltd. lifted its position in Macerich Company (The) by 6.9% during the first quarter. Pictet Asset Management Ltd. now owns 71,704 shares of the real estate investment trust’s stock valued at $4,618,000 after purchasing an additional 4,600 shares during the period. Institutional investors own 96.99% of the company’s stock.

In other Macerich Company (The) news, CEO Arthur M. Coppola sold 100,000 shares of Macerich Company (The) stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $58.13, for a total transaction of $5,813,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.75% of the company’s stock.

Shares of Macerich Company (MAC) traded down 0.27% during mid-day trading on Friday, reaching $55.63. 4,042,356 shares of the company’s stock were exchanged. Macerich Company has a one year low of $52.12 and a one year high of $83.28. The company has a market capitalization of $7.87 billion, a PE ratio of 54.70 and a beta of 0.78. The company’s 50-day moving average price is $55.38 and its 200-day moving average price is $59.69.

Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. The business had revenue of $247.20 million during the quarter, compared to analysts’ expectations of $218.62 million. During the same period in the previous year, the business posted $1.02 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts expect that Macerich Company will post $1.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Friday, August 18th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend was Wednesday, August 16th. Macerich Company (The)’s payout ratio is 278.43%.

A number of research analysts recently weighed in on MAC shares. KeyCorp restated a “buy” rating and set a $75.00 price objective on shares of Macerich Company (The) in a research report on Monday, August 28th. Zacks Investment Research downgraded shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Citigroup Inc. lowered their price objective on shares of Macerich Company (The) from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and set a $57.00 price objective on shares of Macerich Company (The) in a research report on Monday, July 17th. Finally, BidaskClub downgraded shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Macerich Company (The) presently has a consensus rating of “Hold” and a consensus target price of $68.36.

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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.

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

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