Amalgamated Bank Has $1.02 Million Stake in The Macerich Company (NYSE:MAC)

Amalgamated Bank reduced its holdings in The Macerich Company (NYSE:MAC) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,938 shares of the real estate investment trust’s stock after selling 2,536 shares during the period. Amalgamated Bank’s holdings in Macerich were worth $1,018,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Macerich by 158.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 131,487 shares of the real estate investment trust’s stock valued at $2,201,000 after purchasing an additional 80,541 shares during the period. Murphy Pohlad Asset Management LLC raised its position in shares of Macerich by 297.7% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 110,560 shares of the real estate investment trust’s stock valued at $1,707,000 after acquiring an additional 82,760 shares during the period. Jessup Wealth Management Inc bought a new position in Macerich during the 1st quarter worth approximately $7,222,000. Vanguard Group Inc. grew its holdings in Macerich by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 34,478,278 shares of the real estate investment trust’s stock valued at $532,000,000 after purchasing an additional 336,251 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in Macerich by 82.6% in the first quarter. UniSuper Management Pty Ltd now owns 112,724 shares of the real estate investment trust’s stock valued at $1,942,000 after purchasing an additional 50,989 shares in the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MAC shares. Piper Sandler boosted their price target on shares of Macerich from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, September 3rd. The Goldman Sachs Group increased their price target on Macerich from $13.00 to $14.60 and gave the stock a “sell” rating in a report on Thursday, September 19th. StockNews.com upgraded Macerich from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Evercore ISI increased their target price on Macerich from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.45.

Macerich Stock Down 0.7 %

NYSE:MAC opened at $17.38 on Friday. The stock has a 50-day simple moving average of $15.79 and a 200 day simple moving average of $15.60. The Macerich Company has a 52-week low of $9.21 and a 52-week high of $17.83. The company has a market cap of $3.75 billion, a PE ratio of -11.14, a PEG ratio of 0.58 and a beta of 2.49. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 0.86.

Macerich Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 19th were issued a $0.17 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.91%. Macerich’s dividend payout ratio (DPR) is presently -43.59%.

Macerich Profile

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.