Macerich Co (NYSE:MAC) saw unusually large options trading activity on Tuesday. Traders bought 1,152 call options on the stock. This is an increase of 2,204% compared to the average daily volume of 50 call options.

MAC has been the subject of several recent research reports. BMO Capital Markets set a $64.00 target price on shares of Macerich and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Mizuho set a $51.00 target price on shares of Macerich and gave the stock a “buy” rating in a research report on Sunday, December 16th. BTIG Research decreased their target price on shares of Macerich to $63.00 and set a “buy” rating for the company in a research report on Monday, November 26th. Jefferies Financial Group reissued a “hold” rating and set a $52.00 target price on shares of Macerich in a research report on Monday, December 17th. Finally, Zacks Investment Research raised shares of Macerich from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.50.

In other Macerich news, Director Daniel J. Hirsch bought 4,500 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The stock was bought at an average cost of $44.63 per share, with a total value of $200,835.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Arthur M. Coppola sold 105,574 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $49.79, for a total transaction of $5,256,529.46. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Elliott Management Corp bought a new position in shares of Macerich during the 4th quarter valued at approximately $17,180,000. V3 Capital Management L.P. grew its position in shares of Macerich by 4.2% during the 4th quarter. V3 Capital Management L.P. now owns 1,392,401 shares of the real estate investment trust’s stock valued at $60,263,000 after acquiring an additional 55,750 shares during the period. Legal & General Group Plc grew its position in shares of Macerich by 2.1% during the 4th quarter. Legal & General Group Plc now owns 1,278,017 shares of the real estate investment trust’s stock valued at $55,313,000 after acquiring an additional 26,358 shares during the period. CSat Investment Advisory L.P. grew its position in shares of Macerich by 63.1% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,024 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 396 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Macerich during the 4th quarter valued at approximately $358,000. 96.55% of the stock is owned by institutional investors and hedge funds.

Shares of MAC stock opened at $43.52 on Thursday. Macerich has a 52-week low of $40.90 and a 52-week high of $60.95. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 6.87 and a beta of 0.92.

Macerich (NYSE:MAC) last issued its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.09. Macerich had a net margin of 6.25% and a return on equity of 2.41%. The business had revenue of $246.90 million during the quarter, compared to the consensus estimate of $228.64 million. During the same period in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts expect that Macerich will post 3.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 21st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Wednesday, February 20th. Macerich’s payout ratio is 77.92%.

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Macerich Company Profile

Macerich, an S&P 500 company, is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers.

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