Teacher Retirement System of Texas acquired a new stake in shares of Macerich Company (The) (NYSE:MAC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,937 shares of the real estate investment trust’s stock, valued at approximately $1,096,000.

A number of other hedge funds have also recently bought and sold shares of MAC. Mn Services Vermogensbeheer B.V. lifted its stake in Macerich Company (The) by 518.1% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 19,799 shares of the real estate investment trust’s stock valued at $1,150,000 after buying an additional 16,596 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Macerich Company (The) by 18.0% during the second quarter. LS Investment Advisors LLC now owns 6,796 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 1,037 shares in the last quarter. Aperio Group LLC lifted its stake in Macerich Company (The) by 17.7% during the second quarter. Aperio Group LLC now owns 43,636 shares of the real estate investment trust’s stock valued at $2,534,000 after buying an additional 6,557 shares in the last quarter. Forsta AP Fonden lifted its stake in Macerich Company (The) by 163.2% during the second quarter. Forsta AP Fonden now owns 40,800 shares of the real estate investment trust’s stock valued at $2,369,000 after buying an additional 25,300 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in Macerich Company (The) by 6.9% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 90,935 shares of the real estate investment trust’s stock valued at $5,351,000 after buying an additional 5,874 shares in the last quarter. 97.81% of the stock is owned by institutional investors.

Macerich Company (NYSE MAC) opened at $63.53 on Wednesday. Macerich Company has a 1 year low of $52.12 and a 1 year high of $73.34. The stock has a market capitalization of $8,927.82, a PE ratio of 15.94, a PEG ratio of 2.94 and a beta of 0.80. 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 released its 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). Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. The business had revenue of $242.50 million for the quarter, compared to analyst estimates of $226.00 million. During the same period in the prior year, the business earned $1.04 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. research analysts predict 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. Investors of record on Friday, November 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, November 9th. This represents a $2.96 annualized dividend and a yield of 4.66%. This is a boost from Macerich Company (The)’s previous quarterly dividend of $0.71. Macerich Company (The)’s dividend payout ratio (DPR) is currently 281.91%.

A number of research firms have commented on MAC. Mizuho reaffirmed a “hold” rating and set a $60.00 price objective on shares of Macerich Company (The) in a research note on Friday, November 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $66.00 price target on shares of Macerich Company (The) in a research report on Thursday, November 2nd. Boenning Scattergood set a $75.00 price target on shares of Macerich Company (The) and gave the stock a “buy” rating in a research report on Wednesday, November 1st. BMO Capital Markets set a $55.00 price target on shares of Macerich Company (The) and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, KeyCorp reissued a “buy” rating and issued a $75.00 price target on shares of Macerich Company (The) in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $66.80.

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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.

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

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