XTX Topco Ltd Invests $741,000 in Macerich Company (The) $MAC

XTX Topco Ltd purchased a new stake in shares of Macerich Company (The) (NYSE:MAC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 45,827 shares of the real estate investment trust’s stock, valued at approximately $741,000.

A number of other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in Macerich during the 1st quarter valued at about $32,554,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Macerich by 40.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,130,323 shares of the real estate investment trust’s stock worth $105,258,000 after buying an additional 1,754,466 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Macerich during the second quarter valued at approximately $18,368,000. Millennium Management LLC grew its holdings in shares of Macerich by 376.2% during the first quarter. Millennium Management LLC now owns 906,843 shares of the real estate investment trust’s stock valued at $15,570,000 after buying an additional 716,394 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Macerich during the first quarter valued at approximately $12,163,000. Institutional investors own 87.38% of the company’s stock.

Macerich Stock Down 1.4%

MAC stock opened at $17.12 on Wednesday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -9.78, a P/E/G ratio of 2.96 and a beta of 2.25. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50-day moving average is $17.32 and its two-hundred day moving average is $17.01. Macerich Company has a fifty-two week low of $12.48 and a fifty-two week high of $22.27.

Macerich (NYSE:MAC) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Macerich had a negative net margin of 41.33% and a negative return on equity of 15.15%. The firm had revenue of $253.26 million for the quarter, compared to the consensus estimate of $246.77 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, analysts forecast that Macerich Company will post 1.55 earnings per share for the current year.

Macerich Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, December 15th. Macerich’s dividend payout ratio is currently -42.77%.

Wall Street Analysts Forecast Growth

MAC has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Macerich in a research report on Wednesday, October 8th. Scotiabank upped their price target on Macerich from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on Macerich from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, August 27th. Evercore ISI boosted their target price on Macerich from $18.00 to $20.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Bank of America raised shares of Macerich from a “neutral” rating to a “buy” rating and raised their price target for the company from $19.00 to $23.00 in a report on Friday, September 26th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.95.

Macerich Company Profile

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.