UBS Asset Management Americas Inc. trimmed its holdings in shares of Macerich Company (The) (NYSE:MAC) by 12.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 580,782 shares of the real estate investment trust’s stock after selling 81,257 shares during the quarter. UBS Asset Management Americas Inc. owned 0.41% of Macerich Company (The) worth $33,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of Macerich Company (The) by 7.9% during the 2nd quarter. Pacer Advisors Inc. now owns 2,774 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 203 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Macerich Company (The) during the 2nd quarter valued at about $222,000. BB&T Securities LLC purchased a new stake in shares of Macerich Company (The) during the 1st quarter valued at about $234,000. Riverhead Capital Management LLC raised its position in shares of Macerich Company (The) by 11.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 435 shares in the last quarter. Finally, Sawtooth Solutions LLC raised its position in shares of Macerich Company (The) by 23.2% during the 2nd quarter. Sawtooth Solutions LLC now owns 4,675 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 881 shares in the last quarter. Hedge funds and other 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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Shares of Macerich Company (NYSE:MAC) opened at 55.30 on Thursday. The stock has a 50 day moving average of $55.16 and a 200 day moving average of $59.39. The stock has a market cap of $7.82 billion, a PE ratio of 54.38 and a beta of 0.78. Macerich Company has a 12 month low of $52.12 and a 12 month high of $83.28.

Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings data 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. The firm had revenue of $247.20 million during the quarter, compared to analysts’ expectations of $218.62 million. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. On average, equities analysts anticipate that Macerich Company will post $1.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Friday, August 18th were issued a $0.71 dividend. 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 (DPR) is currently 278.43%.

Several equities analysts recently commented on MAC shares. Jefferies Group LLC reiterated a “hold” rating and set a $57.00 price target on shares of Macerich Company (The) in a report on Tuesday. Citigroup Inc. cut 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 report on Monday, August 14th. BidaskClub upgraded shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Macerich Company (The) in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average 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.

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

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