Parametric Portfolio Associates LLC grew its stake in Macerich Company (The) (NYSE:MAC) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,376 shares of the real estate investment trust’s stock after buying an additional 33,992 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.17% of Macerich Company (The) worth $14,130,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MAC. UBS Asset Management Americas Inc. grew its stake in Macerich Company (The) by 19.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 662,039 shares of the real estate investment trust’s stock worth $42,635,000 after buying an additional 107,201 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Macerich Company (The) by 16.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 15,410 shares of the real estate investment trust’s stock worth $992,000 after buying an additional 2,190 shares in the last quarter. Pacer Advisors Inc. grew its stake in Macerich Company (The) by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 77 shares in the last quarter. Alliancebernstein L.P. grew its stake in Macerich Company (The) by 1.9% in the 1st quarter. Alliancebernstein L.P. now owns 338,113 shares of the real estate investment trust’s stock worth $21,774,000 after buying an additional 6,405 shares in the last quarter. Finally, BB&T Securities LLC purchased a new position in Macerich Company (The) in the 1st quarter worth approximately $234,000. 96.96% of the stock is owned by institutional investors and hedge funds.

Shares of Macerich Company (MAC) opened at 56.44 on Monday. The stock has a 50 day moving average of $54.25 and a 200-day moving average of $58.61. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 55.50 and a beta of 0.80. Macerich Company has a one year low of $52.12 and a one year high of $77.93.

Macerich Company (The) (NYSE:MAC) last posted its 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 firm had revenue of $247.20 million during the quarter, compared to analyst estimates of $218.62 million. During the same period last year, the firm posted $1.02 earnings per share. Macerich Company (The)’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities analysts expect that Macerich Company will post $1.07 earnings per share for the current year.

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A number of equities analysts have commented on MAC shares. BidaskClub raised 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 reissued a “hold” rating and issued a $57.00 price target on shares of Macerich Company (The) in a research note on Monday, July 17th. Zacks Investment Research cut shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Barclays PLC cut their price target on shares of Macerich Company (The) to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Macerich Company (The) in a research note on Friday, August 4th. One equities research 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) currently has a consensus rating of “Hold” and an average target price of $66.93.

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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