Macerich Company (The) (MAC) Position Maintained by Presima Inc.

Presima Inc. held its position in shares of Macerich Company (The) (NYSE:MAC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,400 shares of the real estate investment trust’s stock at the end of the second quarter. Macerich Company (The) makes up 0.3% of Presima Inc.’s investment portfolio, making the stock its 24th largest position. Presima Inc.’s holdings in Macerich Company (The) were worth $2,462,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MAC. Advantus Capital Management Inc increased its stake in shares of Macerich Company (The) by 0.4% in the first quarter. Advantus Capital Management Inc now owns 12,020 shares of the real estate investment trust’s stock worth $774,000 after buying an additional 47 shares during the period. Pacer Advisors Inc. boosted its position in Macerich Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 77 shares in the last quarter. Mason Street Advisors LLC boosted its position in Macerich Company (The) by 1.2% in the first quarter. Mason Street Advisors LLC now owns 16,705 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 190 shares in the last quarter. State Treasurer State of Michigan boosted its position in Macerich Company (The) by 0.5% in the first quarter. State Treasurer State of Michigan now owns 39,708 shares of the real estate investment trust’s stock worth $2,557,000 after buying an additional 200 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in Macerich Company (The) by 1.9% in the first quarter. Shell Asset Management Co. now owns 12,593 shares of the real estate investment trust’s stock worth $811,000 after buying an additional 231 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Shares of Macerich Company (NYSE:MAC) opened at 53.14 on Friday. Macerich Company has a 12 month low of $52.75 and a 12 month high of $83.71. The stock has a market capitalization of $7.51 billion, a PE ratio of 52.25 and a beta of 0.77. The stock’s 50 day moving average is $57.84 and its 200 day moving average is $61.59.

Macerich Company (The) (NYSE:MAC) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. The firm 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 firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 EPS. Analysts anticipate that Macerich Company will post $1.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.84 annualized dividend and a dividend yield of 5.34%. Macerich Company (The)’s payout ratio is currently 278.43%.

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MAC has been the topic of a number of recent research reports. Zacks Investment Research cut Macerich Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Citigroup Inc. cut their target price on Macerich Company (The) from $66.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and issued a $57.00 price objective on shares of Macerich Company (The) in a report on Monday, July 17th. BidaskClub lowered shares of Macerich Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Mizuho lowered shares of Macerich Company (The) from a “buy” rating to a “neutral” rating and lowered their target price for the company from $84.00 to $63.00 in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.79.

In other news, CEO Arthur M. Coppola sold 100,000 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $58.13, for a total transaction of $5,813,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.75% of the company’s stock.

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.

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

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