WINTON GROUP Ltd acquired a new stake in shares of Macerich Co (NYSE:MAC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 77,756 shares of the real estate investment trust’s stock, valued at approximately $4,419,000. WINTON GROUP Ltd owned about 0.06% of Macerich at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its position in Macerich by 737.2% during the second quarter. Commonwealth Bank of Australia now owns 1,800 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 1,585 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Macerich by 9,246.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,617 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 2,589 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Macerich during the second quarter valued at $207,000. ING Groep NV acquired a new stake in Macerich during the second quarter valued at $219,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in Macerich during the second quarter valued at $234,000. 96.30% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:MAC opened at $56.93 on Monday. Macerich Co has a fifty-two week low of $52.45 and a fifty-two week high of $69.73. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 2.29 and a beta of 0.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.50.

Macerich (NYSE:MAC) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.91). Macerich had a return on equity of 1.58% and a net margin of 2.52%. The company had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.37 million. During the same period in the prior year, the firm earned $0.19 EPS. Macerich’s quarterly revenue was down 5.1% on a year-over-year basis. analysts predict that Macerich Co will post 3.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.96 annualized dividend and a dividend yield of 5.20%. Macerich’s dividend payout ratio is presently 75.32%.

A number of analysts recently issued reports on MAC shares. Zacks Investment Research cut Macerich from a “hold” rating to a “sell” rating in a research report on Wednesday, May 30th. Barclays lifted their price objective on Macerich from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, May 31st. Morgan Stanley reduced their price objective on Macerich from $62.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, June 14th. Goldman Sachs Group raised Macerich from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $52.00 to $64.00 in a research report on Tuesday, July 17th. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $66.00 price target on Macerich and gave the stock a “buy” rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.47.

Macerich Company Profile

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 52 million square feet of real estate consisting primarily of interests in 48 regional shopping centers.

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Institutional Ownership by Quarter for Macerich (NYSE:MAC)

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