Edmonds Duncan Registered Investment Advisors LLC lowered its holdings in Macerich Company (The) (NYSE:MAC) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,497 shares of the real estate investment trust’s stock after selling 9 shares during the period. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Macerich Company (The) were worth $726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MAC. BlackRock Inc. grew its stake in shares of Macerich Company (The) by 2,249.6% in the 1st quarter. BlackRock Inc. now owns 12,358,247 shares of the real estate investment trust’s stock worth $795,870,000 after purchasing an additional 11,832,272 shares during the last quarter. Morgan Stanley grew its stake in shares of Macerich Company (The) by 104.8% in the 1st quarter. Morgan Stanley now owns 5,649,199 shares of the real estate investment trust’s stock worth $363,809,000 after purchasing an additional 2,890,935 shares during the last quarter. AEW Capital Management L P grew its stake in shares of Macerich Company (The) by 306.7% in the 2nd quarter. AEW Capital Management L P now owns 3,132,200 shares of the real estate investment trust’s stock worth $35,531,000 after purchasing an additional 2,362,121 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Macerich Company (The) by 140.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 898,583 shares of the real estate investment trust’s stock worth $52,172,000 after purchasing an additional 524,100 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Macerich Company (The) by 188.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 649,525 shares of the real estate investment trust’s stock worth $37,775,000 after purchasing an additional 424,049 shares during the last quarter. 96.99% of the stock is currently owned by institutional investors.

In related news, CEO Arthur M. Coppola sold 100,000 shares of the business’s stock in a transaction that occurred on 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 available through this link. 3.75% of the stock is currently owned by insiders.

Macerich Company (MAC) traded up 1.04% during mid-day trading on Wednesday, hitting $54.18. 293,025 shares of the company traded hands. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 53.27 and a beta of 0.78. The company’s 50-day moving average price is $55.87 and its 200 day moving average price is $59.90. Macerich Company has a one year low of $52.12 and a one year high of $83.28.

Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $247.20 million during the quarter, compared to analysts’ expectations of $218.62 million. During the same period in the prior year, the business posted $1.02 EPS. Macerich Company (The)’s revenue was down 4.9% on a year-over-year basis. On average, analysts anticipate that Macerich Company will post $1.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Friday, August 18th were given a $0.71 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.84 annualized dividend and a dividend yield of 5.30%. Macerich Company (The)’s dividend payout ratio is presently 278.43%.

Several brokerages have recently issued reports on MAC. BidaskClub cut shares of Macerich Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $57.00 target price on shares of Macerich Company (The) in a report on Monday, July 17th. Boenning Scattergood reiterated a “hold” rating on shares of Macerich Company (The) in a report on Friday, August 4th. Finally, Mizuho cut shares of Macerich Company (The) from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $84.00 to $63.00 in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.36.

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Macerich Company (The) 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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