Kissinger Financial Services LLC raised its stake in shares of Macerich Co (NYSE:MAC) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,700 shares of the real estate investment trust’s stock after buying an additional 1,284 shares during the period. Kissinger Financial Services LLC’s holdings in Macerich were worth $817,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MAC. Municipal Employees Retirement System of Michigan increased its position in shares of Macerich by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 10 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Macerich by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,921 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 31 shares during the period. Kemper Corp Master Retirement Trust increased its position in shares of Macerich by 1.8% in the third quarter. Kemper Corp Master Retirement Trust now owns 5,560 shares of the real estate investment trust’s stock valued at $450,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Macerich by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 56,928 shares of the real estate investment trust’s stock valued at $4,033,000 after buying an additional 220 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of Macerich by 14.7% in the third quarter. Neuberger Berman Group LLC now owns 3,112 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 398 shares during the period. Institutional investors own 93.27% of the company’s stock.

Institutional Ownership by Quarter for Macerich (NYSE:MAC)

Macerich Co (NYSE:MAC) traded up 0.30% during mid-day trading on Tuesday, hitting $66.12. The stock had a trading volume of 383,593 shares. The firm’s 50-day moving average is $64.71 and its 200 day moving average is $69.11. The stock has a market cap of $9.51 billion, a PE ratio of 18.78 and a beta of 0.79. Macerich Co has a one year low of $62.14 and a one year high of $94.51.

Macerich (NYSE:MAC) last released its quarterly earnings results on Monday, February 6th. The real estate investment trust reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The firm earned $272 million during the quarter, compared to analyst estimates of $261.69 million. Macerich had a return on equity of 11.24% and a net margin of 49.65%. During the same period in the previous year, the company posted $2.65 EPS. Equities research analysts expect that Macerich Co will post $0.63 EPS for the current year.

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Several research analysts have weighed in on the company. Mizuho reiterated a “buy” rating and issued a $82.00 price target on shares of Macerich in a report on Monday, March 13th. BTIG Research reiterated a “buy” rating and issued a $82.00 price target on shares of Macerich in a report on Monday, April 3rd. Barclays PLC cut their price target on Macerich to $66.00 and set an “equal weight” rating for the company in a report on Monday, March 27th. Canaccord Genuity cut their price target on Macerich from $77.00 to $71.00 and set a “hold” rating for the company in a report on Monday, March 27th. Finally, KeyCorp cut their price target on Macerich from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, March 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $75.29.

Macerich 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.

5 Day Chart for NYSE:MAC

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