Federated Investors Inc. PA acquired a new position in shares of Macerich Company (The) (NYSE:MAC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,751 shares of the real estate investment trust’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advantus Capital Management Inc boosted its holdings in Macerich Company (The) by 0.4% during the 1st quarter. Advantus Capital Management Inc now owns 12,020 shares of the real estate investment trust’s stock worth $774,000 after acquiring an additional 47 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Macerich Company (The) by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 77 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in Macerich Company (The) by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 16,705 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 190 shares during the last quarter. American Century Companies Inc. boosted its holdings in Macerich Company (The) by 7.3% during the 1st quarter. American Century Companies Inc. now owns 7,138 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 485 shares during the last quarter. Finally, Kissinger Financial Services LLC boosted its holdings in Macerich Company (The) by 4.1% during the 2nd quarter. Kissinger Financial Services LLC now owns 13,215 shares of the real estate investment trust’s stock worth $767,000 after acquiring an additional 515 shares during the last quarter. 96.96% of the stock is currently owned by hedge funds and other institutional investors.

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In other Macerich Company (The) news, CEO Arthur M. Coppola sold 100,000 shares of the firm’s 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.75% of the company’s stock.

Macerich Company (NYSE MAC) opened at 52.92 on Friday. Macerich Company has a one year low of $52.12 and a one year high of $83.28. The stock has a market capitalization of $7.48 billion, a P/E ratio of 52.04 and a beta of 0.78. The company has a 50 day moving average of $55.16 and a 200-day moving average of $59.39.

Macerich Company (The) (NYSE:MAC) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. The business had revenue of $247.20 million for the quarter, compared to analysts’ expectations of $218.62 million. Macerich Company (The) had a return on equity of 3.38% and a net margin of 14.39%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.02 earnings per share. Equities research analysts predict that Macerich Company will post $1.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders 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 yield of 5.36%. Macerich Company (The)’s payout ratio is 278.43%.

A number of research firms have issued reports on MAC. Citigroup Inc. cut their price objective 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. BidaskClub raised shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Macerich Company (The) in a report on Friday, August 4th. Finally, BMO Capital Markets began coverage on shares of Macerich Company (The) in a report on Monday, September 11th. They set a “market perform” rating and a $55.00 price objective on the stock. One investment 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. Macerich Company (The) currently has an average rating of “Hold” and a consensus price target of $68.36.

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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