Calamos Advisors LLC boosted its holdings in Macerich Company (The) (NYSE:MAC) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,134 shares of the real estate investment trust’s stock after purchasing an additional 2,384 shares during the quarter. Calamos Advisors LLC’s holdings in Macerich Company (The) were worth $3,580,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its stake 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 worth $161,000 after purchasing an additional 203 shares during the period. Parametrica Management Ltd bought a new position in Macerich Company (The) in the 2nd quarter worth approximately $222,000. Sun Life Financial INC boosted its stake 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 worth $228,000 after purchasing an additional 3,728 shares during the period. Meeder Asset Management Inc. bought a new position in Macerich Company (The) in the 3rd quarter worth approximately $216,000. Finally, Riverhead Capital Management LLC boosted its stake 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 worth $239,000 after purchasing an additional 435 shares during the period. Institutional investors and hedge funds own 94.68% of the company’s stock.

Macerich Company (The) (NYSE:MAC) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.86). The firm had revenue of $242.50 million during the quarter, compared to analyst estimates of $226.00 million. Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, November 9th. This represents a $2.96 dividend on an annualized basis and a yield of 5.32%. This is a positive change from Macerich Company (The)’s previous quarterly dividend of $0.71. Macerich Company (The)’s payout ratio is 270.48%.

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Several research firms have weighed in on MAC. BMO Capital Markets set a $55.00 price target on Macerich Company (The) and gave the stock a “hold” rating in a research note on Monday. Citigroup Inc. dropped their price target on Macerich Company (The) from $66.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, August 14th. BidaskClub upgraded Macerich Company (The) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Macerich Company (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Boenning Scattergood set a $75.00 price target on Macerich Company (The) and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $67.00.

About Macerich Company (The)

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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