Public Employees Retirement Association of Colorado decreased its position in shares of Macerich Company (The) (NYSE:MAC) by 6.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,292 shares of the real estate investment trust’s stock after selling 1,604 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Macerich Company (The) were worth $1,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of MAC. Teachers Advisors LLC increased its position in Macerich Company (The) by 6.0% during the first quarter. Teachers Advisors LLC now owns 204,388 shares of the real estate investment trust’s stock valued at $13,163,000 after acquiring an additional 11,571 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Macerich Company (The) by 12.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,873 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 524 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Macerich Company (The) by 7.0% in the second quarter. Xact Kapitalforvaltning AB now owns 29,122 shares of the real estate investment trust’s stock worth $1,691,000 after purchasing an additional 1,907 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Macerich Company (The) in the second quarter worth about $273,000. Finally, NN Investment Partners Holdings N.V. grew its holdings in shares of Macerich Company (The) by 15.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 14,372 shares of the real estate investment trust’s stock worth $834,000 after purchasing an additional 1,977 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

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Shares of Macerich Company (NYSE:MAC) opened at $64.37 on Friday. Macerich Company has a one year low of $52.12 and a one year high of $73.34. The firm has a market cap of $9,061.56, a PE ratio of 16.17, a P/E/G ratio of 3.04 and a beta of 0.80. The company has a quick ratio of 0.88, a current ratio of 0.85 and a debt-to-equity ratio of 1.25.

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

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

A number of research firms have recently commented on MAC. 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 restated a “hold” rating and issued a $57.00 price target on shares of Macerich Company (The) in a report on Monday, July 17th. Mizuho restated a “hold” rating and issued a $60.00 price target 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 research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Macerich Company (The) currently has an average 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.

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

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