TCW Group Inc. increased its holdings in Macerich Company (The) (NYSE:MAC) by 19.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,032 shares of the real estate investment trust’s stock after acquiring an additional 47,216 shares during the period. TCW Group Inc. owned about 0.20% of Macerich Company (The) worth $15,723,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAC. Teacher Retirement System of Texas purchased a new position in Macerich Company (The) in the third quarter valued at approximately $1,096,000. Rhumbline Advisers raised its position in shares of Macerich Company (The) by 0.6% in the third quarter. Rhumbline Advisers now owns 285,462 shares of the real estate investment trust’s stock worth $15,692,000 after buying an additional 1,675 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Macerich Company (The) by 3.5% in the third quarter. Toronto Dominion Bank now owns 41,794 shares of the real estate investment trust’s stock worth $2,298,000 after buying an additional 1,411 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Macerich Company (The) by 1.3% in the third quarter. New York State Common Retirement Fund now owns 322,800 shares of the real estate investment trust’s stock worth $17,744,000 after buying an additional 4,000 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Macerich Company (The) by 19.8% in the third quarter. Sei Investments Co. now owns 64,624 shares of the real estate investment trust’s stock valued at $3,552,000 after acquiring an additional 10,666 shares during the last quarter. 97.59% of the stock is owned by institutional investors.

Shares of Macerich Company (MAC) traded down $0.16 during mid-day trading on Thursday, reaching $64.60. 1,386,100 shares of the company’s stock traded hands, compared to its average volume of 1,457,502. The stock has a market cap of $9,116.45, a PE ratio of 16.27, a P/E/G ratio of 3.00 and a beta of 0.80. Macerich Company has a 1-year low of $52.12 and a 1-year high of $73.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 0.85.

Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.86). The company had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $226.00 million. Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. research analysts forecast that Macerich Company will post 3.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $0.74 dividend. The ex-dividend date is Thursday, November 9th. This is an increase from Macerich Company (The)’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.58%. Macerich Company (The)’s payout ratio is 281.91%.

A number of brokerages have recently issued reports on MAC. KeyCorp reaffirmed a “buy” rating and set a $75.00 price objective on shares of Macerich Company (The) in a research note on Thursday, September 28th. BidaskClub upgraded shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Boenning Scattergood set a $75.00 price objective on shares of Macerich Company (The) and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $66.00 target price on shares of Macerich Company (The) in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.80.

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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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