Victory Capital Management Inc. reduced its stake in shares of Macerich Co (NYSE:MAC) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 666,223 shares of the real estate investment trust’s stock after selling 48,902 shares during the quarter. Victory Capital Management Inc.’s holdings in Macerich were worth $43,758,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAC. Meeder Asset Management Inc. acquired a new position in shares of Macerich during the 3rd quarter worth about $216,000. Amica Pension Fund Board of Trustees acquired a new position in shares of Macerich during the 3rd quarter worth about $229,000. Cowen Prime Services LLC acquired a new position in shares of Macerich during the 4th quarter worth about $263,000. Koch Industries Inc. acquired a new position in shares of Macerich during the 2nd quarter worth about $289,000. Finally, Amica Mutual Insurance Co. acquired a new position in shares of Macerich during the 3rd quarter worth about $310,000. Institutional investors own 98.21% of the company’s stock.

Several brokerages recently issued reports on MAC. BMO Capital Markets set a $62.00 price objective on Macerich and gave the company a “hold” rating in a research report on Monday. Evercore ISI lowered Macerich from an “in-line” rating to an “underperform” rating and set a $62.00 price objective for the company. in a research report on Monday, December 11th. Zacks Investment Research lowered Macerich from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Royal Bank of Canada lowered Macerich from an “outperform” rating to a “sector perform” rating and set a $66.00 price objective for the company. in a research report on Wednesday, January 3rd. Finally, Morgan Stanley reiterated a “hold” rating on shares of Macerich in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.03.

Shares of Macerich Co (NYSE:MAC) opened at $60.19 on Thursday. Macerich Co has a 12 month low of $52.12 and a 12 month high of $69.73. The stock has a market capitalization of $8,397.10, a P/E ratio of 15.14, a PEG ratio of 2.82 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.88.

Macerich (NYSE:MAC) last announced its quarterly earnings data on Monday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.11). Macerich had a return on equity of 3.91% and a net margin of 14.71%. The company had revenue of $245.30 million for the quarter, compared to the consensus estimate of $237.90 million. During the same quarter in the prior year, the company earned $1.17 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. research analysts forecast that Macerich Co will post 4.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Tuesday, February 20th. Macerich’s dividend payout ratio is currently 290.20%.

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About Macerich

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 (NYSE:MAC)

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