Quantbot Technologies LP bought a new stake in shares of Macerich Company (The) (NYSE:MAC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,119 shares of the real estate investment trust’s stock, valued at approximately $761,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAC. BlackRock Inc. lifted its stake in shares of Macerich Company (The) by 2,249.6% during the 1st 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 in the last quarter. Morgan Stanley lifted its stake in shares of Macerich Company (The) by 104.8% during the 1st 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 in the last quarter. AEW Capital Management L P lifted its stake in shares of Macerich Company (The) by 306.7% during the 2nd 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 in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Macerich Company (The) by 140.0% during the 2nd 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 in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Macerich Company (The) by 188.1% during the 2nd 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 in the last quarter. Institutional investors own 96.96% of the company’s stock.

In related 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 value of $5,813,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.75% of the company’s stock.

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Macerich Company (NYSE MAC) opened at 55.30 on Thursday. The company has a market capitalization of $7.82 billion, a P/E ratio of 54.38 and a beta of 0.78. Macerich Company has a one year low of $52.12 and a one year high of $83.28. The company’s 50-day moving average is $55.16 and its 200 day moving average is $59.39.

Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $1.02 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities analysts anticipate that Macerich Company will post $1.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Friday, August 18th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Wednesday, August 16th. Macerich Company (The)’s dividend payout ratio is presently 278.43%.

A number of research analysts recently weighed in on MAC shares. ValuEngine cut shares of Macerich Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Macerich Company (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and set a $57.00 target price on shares of Macerich Company (The) in a research note on Monday, July 17th. Zacks Investment Research downgraded shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Barclays PLC reduced their price target on shares of Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. Macerich Company (The) has an average rating of “Hold” and a consensus price target of $68.33.

Macerich Company (The) 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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