Aberdeen Asset Management PLC UK lifted its holdings in shares of Macerich Company (The) (NYSE:MAC) by 50.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,601 shares of the real estate investment trust’s stock after purchasing an additional 19,972 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Macerich Company (The) were worth $3,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MAC. BlackRock Inc. increased its holdings in shares of Macerich Company (The) by 2,249.6% during the first 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 period. Morgan Stanley increased its holdings in shares of Macerich Company (The) by 104.8% during the first 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 period. AEW Capital Management L P increased its holdings in shares of Macerich Company (The) by 306.7% during the second 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 period. Canada Pension Plan Investment Board increased its holdings in shares of Macerich Company (The) by 140.0% during the second 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 period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Macerich Company (The) by 188.1% during the second 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 period. 96.99% of the stock is currently owned by institutional investors.

Shares of Macerich Company (NYSE:MAC) opened at 55.63 on Friday. Macerich Company has a 12 month low of $52.12 and a 12 month high of $83.28. The firm has a 50-day moving average of $55.38 and a 200-day moving average of $59.69. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 54.70 and a beta of 0.78.

Macerich Company (The) (NYSE:MAC) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. The business had revenue of $247.20 million for the quarter, compared to analyst estimates of $218.62 million. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. Macerich Company (The)’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 EPS. On average, analysts anticipate that Macerich Company will post $1.06 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Friday, August 18th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Wednesday, August 16th. Macerich Company (The)’s payout ratio is 278.43%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/09/17/aberdeen-asset-management-plc-uk-acquires-19972-shares-of-macerich-company-the-mac.html.

MAC has been the topic of several recent research reports. Barclays PLC lowered their target price on shares of Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. KeyCorp reaffirmed a “buy” rating and set a $75.00 target price on shares of Macerich Company (The) in a report on Monday, August 28th. ValuEngine cut shares of Macerich Company (The) from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. lowered their target price on shares of Macerich Company (The) from $66.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, August 14th. Finally, BidaskClub raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $68.36.

In other news, CEO Arthur M. Coppola sold 100,000 shares of the stock in a transaction on Friday, June 30th. The shares were 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 SEC, which is available at this hyperlink. 3.75% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding MAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macerich Company (The) (NYSE:MAC).

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

Receive News & Ratings for Macerich Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macerich Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.