V3 Capital Management L.P. boosted its position in shares of Macerich Company (The) (NYSE:MAC) by 32.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,066,720 shares of the real estate investment trust’s stock after buying an additional 263,100 shares during the quarter. Macerich Company (The) makes up 15.2% of V3 Capital Management L.P.’s holdings, making the stock its 3rd biggest position. V3 Capital Management L.P. owned about 0.75% of Macerich Company (The) worth $61,934,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MAC. BlackRock Inc. grew its position in Macerich Company (The) by 2,249.6% during the first quarter. BlackRock Inc. now owns 12,358,247 shares of the real estate investment trust’s stock valued at $795,870,000 after buying an additional 11,832,272 shares during the period. Morgan Stanley grew its position in Macerich Company (The) by 104.8% during the first quarter. Morgan Stanley now owns 5,649,199 shares of the real estate investment trust’s stock valued at $363,809,000 after buying an additional 2,890,935 shares during the period. AEW Capital Management L P grew its position in Macerich Company (The) by 306.7% during the second quarter. AEW Capital Management L P now owns 3,132,200 shares of the real estate investment trust’s stock valued at $35,531,000 after buying an additional 2,362,121 shares during the period. Canada Pension Plan Investment Board grew its position in Macerich Company (The) by 140.0% during the second quarter. Canada Pension Plan Investment Board now owns 898,583 shares of the real estate investment trust’s stock valued at $52,172,000 after buying an additional 524,100 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Macerich Company (The) by 188.1% during the second quarter. Russell Investments Group Ltd. now owns 649,525 shares of the real estate investment trust’s stock valued at $37,775,000 after buying an additional 424,049 shares during the period. Institutional investors own 96.96% of the company’s stock.

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Several analysts recently commented on the stock. Citigroup Inc. dropped their price target 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. BidaskClub raised shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Macerich Company (The) in a report on Friday, August 4th. Finally, BMO Capital Markets started coverage on shares of Macerich Company (The) in a report on Monday, September 11th. They set a “market perform” rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $68.36.

Macerich Company (The) (NYSE:MAC) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $218.62 million. During the same period in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was down 4.9% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Friday, August 18th were paid a $0.71 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.84 dividend on an annualized basis and a yield of 5.39%. Macerich Company (The)’s payout ratio is 278.43%.

In related news, CEO Arthur M. Coppola sold 100,000 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $58.13, for a total value of $5,813,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.75% of the stock is currently owned by corporate insiders.

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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