Honeywell International Inc. boosted its stake in Macerich Company (The) (NYSE:MAC) by 40.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,725 shares of the real estate investment trust’s stock after buying an additional 5,700 shares during the period. Honeywell International Inc.’s holdings in Macerich Company (The) were worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FDO Partners LLC bought a new stake in shares of Macerich Company (The) during the first quarter worth $1,201,000. SG Americas Securities LLC raised its stake in Macerich Company (The) by 24.1% in the first quarter. SG Americas Securities LLC now owns 39,432 shares of the real estate investment trust’s stock valued at $2,539,000 after buying an additional 7,655 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Macerich Company (The) by 352.9% in the first quarter. Canada Pension Plan Investment Board now owns 374,483 shares of the real estate investment trust’s stock valued at $24,117,000 after buying an additional 291,800 shares in the last quarter. Vanguard Group Inc. raised its stake in Macerich Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 22,714,895 shares of the real estate investment trust’s stock valued at $1,462,838,000 after buying an additional 353,936 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Macerich Company (The) by 1.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 95,143 shares of the real estate investment trust’s stock valued at $6,127,000 after buying an additional 1,083 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Shares of Macerich Company (MAC) opened at 59.60 on Wednesday. The stock has a 50 day moving average of $58.13 and a 200-day moving average of $62.48. The firm has a market capitalization of $8.45 billion, a P/E ratio of 52.28 and a beta of 0.77. Macerich Company has a 12-month low of $54.98 and a 12-month high of $87.19.

Macerich Company (The) (NYSE:MAC) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.04. Macerich Company (The) had a return on equity of 3.38% and a net margin of 14.39%. The business had revenue of $247.20 million for the quarter, compared to analysts’ expectations of $218.62 million. During the same period last year, the business earned $1.02 EPS. The business’s revenue was down 4.9% on a year-over-year basis. On average, equities research analysts predict that Macerich Company will post $1.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 18th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Wednesday, August 16th. Macerich Company (The)’s dividend payout ratio is presently 278.43%.

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Several analysts recently commented on the stock. Zacks Investment Research raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a research note on Tuesday. Boenning Scattergood reiterated a “hold” rating on shares of Macerich Company (The) in a research note on Friday, August 4th. BidaskClub lowered shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Barclays PLC dropped their price objective on shares of Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $57.00 price objective on shares of Macerich Company (The) in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.46.

In related news, CEO Arthur M. Coppola sold 100,000 shares of Macerich Company (The) stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $58.13, for a total value of $5,813,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.75% of the company’s stock.

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.

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

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