Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its stake in shares of Macerich Company (The) (NYSE:MAC) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,572 shares of the real estate investment trust’s stock after selling 2,682 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Macerich Company (The) were worth $1,790,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MAC. Teachers Advisors LLC grew its holdings in Macerich Company (The) by 6.0% during the 1st quarter. Teachers Advisors LLC now owns 204,388 shares of the real estate investment trust’s stock valued at $13,163,000 after buying an additional 11,571 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Macerich Company (The) by 12.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,873 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 524 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Macerich Company (The) during the 2nd quarter valued at $273,000. NN Investment Partners Holdings N.V. grew its holdings in Macerich Company (The) by 15.9% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 14,372 shares of the real estate investment trust’s stock valued at $834,000 after buying an additional 1,977 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Macerich Company (The) by 518.1% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 19,799 shares of the real estate investment trust’s stock valued at $1,150,000 after buying an additional 16,596 shares during the last quarter. Hedge funds and other institutional investors own 97.59% of the company’s stock.

Macerich Company (MAC) opened at $64.37 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $9,061.55, a price-to-earnings ratio of 16.17, a P/E/G ratio of 3.04 and a beta of 0.80. Macerich Company has a 52-week low of $52.12 and a 52-week high of $73.34.

Macerich Company (The) (NYSE:MAC) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.86). The firm had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $226.00 million. Macerich Company (The) had a return on equity of 3.56% and a net margin of 14.92%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. analysts predict 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. Shareholders of record on Friday, November 10th will be given a $0.74 dividend. The ex-dividend date of this dividend is Thursday, November 9th. 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 yield of 4.60%. Macerich Company (The)’s dividend payout ratio (DPR) is 281.91%.

A number of brokerages have commented on MAC. Mizuho reiterated a “hold” rating and set a $60.00 target price on shares of Macerich Company (The) in a report on Friday. Zacks Investment Research upgraded Macerich Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub upgraded Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Barclays PLC decreased their price objective on Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Finally, Jefferies Group LLC restated a “hold” rating and set a $57.00 price objective on shares of Macerich Company (The) in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $66.80.

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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.

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

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