CenterStar Asset Management LLC bought a new stake in shares of Macerich Co (NYSE:MAC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,650 shares of the real estate investment trust’s stock, valued at approximately $373,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Sentry Investment Management LLC increased its stake in Macerich by 1.1% during the second quarter. Sentry Investment Management LLC now owns 9,690 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 102 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Macerich by 3.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 24,163 shares of the real estate investment trust’s stock worth $1,587,000 after acquiring an additional 871 shares during the last quarter. DnB Asset Management AS grew its position in shares of Macerich by 7.7% during the fourth quarter. DnB Asset Management AS now owns 12,595 shares of the real estate investment trust’s stock worth $827,000 after acquiring an additional 900 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Macerich by 19.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,807 shares of the real estate investment trust’s stock worth $337,000 after acquiring an additional 934 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Macerich by 1.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,198 shares of the real estate investment trust’s stock worth $3,639,000 after acquiring an additional 1,194 shares during the last quarter. Hedge funds and other institutional investors own 98.21% of the company’s stock.

MAC has been the subject of several recent research reports. Boenning Scattergood restated a “buy” rating and set a $75.00 price target on shares of Macerich in a research report on Wednesday. Royal Bank of Canada restated a “buy” rating and set a $66.00 price target on shares of Macerich in a research report on Thursday, November 2nd. Barclays lowered their price target on shares of Macerich from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Morgan Stanley restated a “hold” rating on shares of Macerich in a research report on Tuesday. Finally, BMO Capital Markets set a $62.00 price target on shares of Macerich and gave the stock a “hold” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.03.

Shares of Macerich Co (MAC) opened at $58.36 on Friday. The firm has a market cap of $8,397.10, a PE ratio of 57.22, a P/E/G ratio of 2.82 and a beta of 0.83. Macerich Co has a 1-year low of $52.12 and a 1-year high of $69.73. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 0.85.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Wednesday, February 21st will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Tuesday, February 20th. Macerich’s payout ratio is currently 290.20%.

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Macerich 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 (NYSE:MAC)

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