Vanguard Personalized Indexing Management LLC Has $366,000 Stock Holdings in The Macerich Company (NYSE:MAC)

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of The Macerich Company (NYSE:MAC) by 19.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 23,674 shares of the real estate investment trust’s stock after acquiring an additional 3,830 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Macerich were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quest Partners LLC bought a new position in Macerich in the fourth quarter valued at about $41,000. Fidelis Capital Partners LLC acquired a new stake in shares of Macerich in the 1st quarter valued at approximately $46,000. Inspire Advisors LLC bought a new stake in shares of Macerich during the 2nd quarter valued at approximately $177,000. Mercer Global Advisors Inc. ADV lifted its stake in Macerich by 10.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,500 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Macerich in the 1st quarter valued at approximately $194,000. 87.38% of the stock is currently owned by institutional investors.

Macerich Trading Up 3.3 %

Shares of NYSE MAC opened at $17.96 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 0.86. The Macerich Company has a 52-week low of $9.21 and a 52-week high of $18.05. The firm has a 50 day moving average price of $15.83 and a two-hundred day moving average price of $15.61. The stock has a market cap of $3.87 billion, a P/E ratio of -11.51, a price-to-earnings-growth ratio of 0.58 and a beta of 2.49.

Macerich Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.79%. The ex-dividend date was Monday, August 19th. Macerich’s dividend payout ratio (DPR) is currently -43.59%.

Wall Street Analyst Weigh In

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

About Macerich

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.