Macerich Co (NYSE:MAC) was the recipient of unusually large options trading on Monday. Stock investors bought 8,654 call options on the stock. This is an increase of 2,069% compared to the typical volume of 399 call options.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Macerich from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. BMO Capital Markets set a $66.00 price objective on Macerich and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Barclays reissued a “hold” rating and issued a $54.00 price objective on shares of Macerich in a research note on Sunday, October 14th. SunTrust Banks reissued a “hold” rating and issued a $60.00 price objective on shares of Macerich in a research note on Thursday, August 16th. Finally, Bank of America increased their price objective on Macerich from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, August 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Macerich has a consensus rating of “Hold” and an average price target of $63.97.

MAC stock opened at $51.89 on Tuesday. The company has a market capitalization of $7.15 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.91. Macerich has a 12-month low of $49.41 and a 12-month high of $69.73.

Macerich (NYSE:MAC) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.32. Macerich had a return on equity of 3.29% and a net margin of 8.35%. The company had revenue of $242.20 million during the quarter, compared to analyst estimates of $220.02 million. During the same period in the prior year, the company posted $0.12 earnings per share. Macerich’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that Macerich will post 3.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 5.78%. This is a positive change from Macerich’s previous quarterly dividend of $0.74. The ex-dividend date is Thursday, November 8th. Macerich’s dividend payout ratio is 75.32%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in Macerich by 17.3% during the second quarter. Toronto Dominion Bank now owns 69,502 shares of the real estate investment trust’s stock valued at $3,948,000 after purchasing an additional 10,273 shares during the period. Capital Fund Management S.A. grew its holdings in Macerich by 243.9% during the second quarter. Capital Fund Management S.A. now owns 14,788 shares of the real estate investment trust’s stock valued at $840,000 after purchasing an additional 10,488 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Macerich by 5.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 103,063 shares of the real estate investment trust’s stock valued at $5,857,000 after purchasing an additional 4,918 shares during the period. Standard Life Aberdeen plc boosted its holdings in shares of Macerich by 424.5% in the second quarter. Standard Life Aberdeen plc now owns 246,834 shares of the real estate investment trust’s stock worth $14,028,000 after acquiring an additional 199,770 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Macerich by 78.6% in the second quarter. Mutual of America Capital Management LLC now owns 24,755 shares of the real estate investment trust’s stock worth $1,407,000 after acquiring an additional 10,892 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

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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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