Virtu KCG Holdings LLC bought a new position in shares of Macerich Company (The) (NYSE:MAC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,154 shares of the real estate investment trust’s stock, valued at approximately $996,000.

Several other large investors also recently modified their holdings of MAC. Vanguard Group Inc. lifted its holdings in shares of Macerich Company (The) by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 22,714,895 shares of the real estate investment trust’s stock worth $1,462,838,000 after buying an additional 353,936 shares during the period. BlackRock Inc. boosted its position in Macerich Company (The) by 2,249.6% during the 1st quarter. BlackRock Inc. now owns 12,358,247 shares of the real estate investment trust’s stock valued at $795,870,000 after acquiring an additional 11,832,272 shares in the last quarter. Morgan Stanley boosted its position in Macerich Company (The) by 104.8% during the 1st quarter. Morgan Stanley now owns 5,649,199 shares of the real estate investment trust’s stock valued at $363,809,000 after acquiring an additional 2,890,935 shares in the last quarter. AEW Capital Management L P boosted its position in Macerich Company (The) by 306.7% during the 2nd quarter. AEW Capital Management L P now owns 3,132,200 shares of the real estate investment trust’s stock valued at $35,531,000 after acquiring an additional 2,362,121 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Macerich Company (The) by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,948,476 shares of the real estate investment trust’s stock valued at $125,481,000 after acquiring an additional 19,867 shares in the last quarter. 96.96% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on MAC shares. Jefferies Group LLC reiterated a “hold” rating and issued a $57.00 target price on shares of Macerich Company (The) in a report on Tuesday, September 26th. Citigroup Inc. reduced their price objective on shares of 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 raised shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of Macerich Company (The) in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. Macerich Company (The) currently has an average rating of “Hold” and a consensus target price of $68.33.

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Macerich Company (NYSE MAC) opened at 54.97 on Monday. The firm’s 50-day moving average is $55.16 and its 200 day moving average is $59.39. The stock has a market capitalization of $7.77 billion, a P/E ratio of 54.05 and a beta of 0.80. Macerich Company has a 12-month low of $52.12 and a 12-month high of $81.49.

Macerich Company (The) (NYSE:MAC) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. The business had revenue of $247.20 million for the quarter, compared to analysts’ expectations of $218.62 million. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 EPS. Equities analysts expect that Macerich Company will post $1.07 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Friday, August 18th were given a dividend of $0.71 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.84 annualized dividend and a yield of 5.17%. Macerich Company (The)’s payout ratio is currently 278.43%.

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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