BlueCrest Capital Management Ltd bought a new stake in shares of Macerich Company (The) (NYSE:MAC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 79,070 shares of the real estate investment trust’s stock, valued at approximately $4,591,000. BlueCrest Capital Management Ltd owned 0.06% of Macerich Company (The) as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MAC. Pacer Advisors Inc. raised its holdings in Macerich Company (The) by 7.9% in the 2nd quarter. Pacer Advisors Inc. now owns 2,774 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 203 shares in the last quarter. Parametrica Management Ltd acquired a new position in Macerich Company (The) in the 2nd quarter valued at approximately $222,000. Sun Life Financial INC raised its holdings in Macerich Company (The) by 1,864.0% in the 2nd quarter. Sun Life Financial INC now owns 3,928 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 3,728 shares in the last quarter. BB&T Securities LLC acquired a new position in Macerich Company (The) in the 1st quarter valued at approximately $234,000. Finally, Riverhead Capital Management LLC raised its holdings in Macerich Company (The) by 11.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 96.96% of the company’s stock.

MAC has been the subject of several recent research reports. KeyCorp reaffirmed a “buy” rating and issued a $75.00 price target on shares of Macerich Company (The) in a report on Monday, August 28th. BidaskClub raised Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $57.00 price target on shares of Macerich Company (The) in a report on Monday, July 17th. BMO Capital Markets initiated coverage on Macerich Company (The) in a report on Monday, September 11th. They issued a “market perform” rating and a $55.00 price target for the company. Finally, Zacks Investment Research cut Macerich Company (The) from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $66.93.

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Shares of Macerich Company (MAC) traded down 1.19% during trading on Friday, hitting $56.44. The stock had a trading volume of 1,038,604 shares. The stock’s 50-day moving average is $54.25 and its 200-day moving average is $58.61. The stock has a market capitalization of $7.98 billion, a P/E ratio of 55.50 and a beta of 0.80. Macerich Company has a 12-month low of $52.12 and a 12-month high of $77.93.

Macerich Company (The) (NYSE:MAC) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. The business had revenue of $247.20 million during 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 firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. Analysts predict that Macerich Company will post $1.07 EPS for the current fiscal year.

Macerich Company (The) Company 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.

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

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