Daiwa Securities Group Inc. trimmed its holdings in shares of Macerich Company (The) (NYSE:MAC) by 33.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,268 shares of the real estate investment trust’s stock after selling 7,077 shares during the period. Daiwa Securities Group Inc.’s holdings in Macerich Company (The) were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Sentry Investment Management LLC grew its holdings in Macerich Company (The) by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 9,690 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 102 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Macerich Company (The) by 0.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,917 shares of the real estate investment trust’s stock worth $1,098,000 after acquiring an additional 177 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Macerich Company (The) by 7.9% during the 2nd quarter. Pacer Advisors Inc. now owns 2,774 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 203 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Macerich Company (The) by 11.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 435 shares in the last quarter. Finally, Ffcm LLC grew its holdings in Macerich Company (The) by 6.4% during the 2nd quarter. Ffcm LLC now owns 8,490 shares of the real estate investment trust’s stock worth $493,000 after acquiring an additional 510 shares in the last quarter. Institutional investors own 97.59% of the company’s stock.

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Macerich Company (NYSE MAC) opened at $64.37 on Monday. The company has a market cap of $9,061.55, a P/E ratio of 16.17, a P/E/G ratio of 3.04 and a beta of 0.80. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85. Macerich Company has a 1 year low of $52.12 and a 1 year high of $73.34.

Macerich Company (The) (NYSE:MAC) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.86). The company had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $226.00 million. Macerich Company (The) had a net margin of 14.92% and a return on equity of 3.56%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. research analysts anticipate that Macerich Company will post 3.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.74 dividend. This is a positive change from Macerich Company (The)’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, November 9th. Macerich Company (The)’s dividend payout ratio (DPR) is presently 281.91%.

Several research analysts have issued reports on the stock. BidaskClub cut shares of Macerich Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Jefferies Group LLC reiterated a “hold” rating and set a $57.00 target price on shares of Macerich Company (The) in a report on Monday, July 17th. Mizuho reiterated a “hold” rating and set a $60.00 target price on shares of Macerich Company (The) in a report on Friday. Finally, Boenning Scattergood upgraded shares of Macerich Company (The) from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.80.

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.

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

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