The Macerich Co. (NYSE:MAC)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $89.53 and last traded at $89.18, with a volume of 189,174 shares trading hands. The stock had previously closed at $88.99.

Several equities analysts have recently commented on the company. Mizuho assumed coverage on The Macerich in a report on Wednesday, April 13th. They set a “neutral” rating and a $88.00 target price for the company. Zacks Investment Research lowered The Macerich from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Jefferies Group reaffirmed a “hold” rating and set a $78.00 target price on shares of The Macerich in a report on Thursday, May 5th. Royal Bank Of Canada raised The Macerich from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $82.00 to $87.00 in a report on Friday, May 6th. They noted that the move was a valuation call. Finally, Bank of America Corp. lowered The Macerich from a “buy” rating to a “neutral” rating in a report on Monday, March 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $85.50.

The company has a market capitalization of $13.26 billion and a P/E ratio of 15.82. The company’s 50 day moving average price is $83.17 and its 200 day moving average price is $79.23.

The Macerich (NYSE:MAC) last announced its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The business had revenue of $256 million for the quarter, compared to the consensus estimate of $288.89 million. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 EPS. Analysts forecast that The Macerich Co. will post $4.10 earnings per share for the current fiscal year.

In other The Macerich news, COO Robert D. Perlmutter sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $77.13, for a total transaction of $115,695.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Hern Thomas E. O sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $79.03, for a total transaction of $395,150.00. Following the transaction, the chief financial officer now owns 51,377 shares of the company’s stock, valued at approximately $4,060,324.31. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in shares of The Macerich by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 15,059 shares of the real estate investment trust’s stock worth $1,215,000 after buying an additional 71 shares in the last quarter. Quantitative Investment Management LLC boosted its position in The Macerich by 110.5% in the fourth quarter. Quantitative Investment Management LLC now owns 24,000 shares of the real estate investment trust’s stock worth $1,936,000 after buying an additional 12,600 shares during the period. Alpine Woods Capital Investors LLC boosted its position in The Macerich by 3.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 32,028 shares of the real estate investment trust’s stock worth $2,584,000 after buying an additional 1,100 shares during the period. Aberdeen Asset Management PLC UK boosted its position in The Macerich by 13.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 33,097 shares of the real estate investment trust’s stock worth $2,781,000 after buying an additional 3,876 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in The Macerich by 95.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 35,454 shares of the real estate investment trust’s stock worth $2,861,000 after buying an additional 17,305 shares during the period.

The Macerich 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. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers.

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