Mercer Global Advisors Inc. ADV Boosts Stock Holdings in The Macerich Company (NYSE:MAC)

Mercer Global Advisors Inc. ADV increased its position in The Macerich Company (NYSE:MAC) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,500 shares of the real estate investment trust’s stock after purchasing an additional 1,132 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Macerich were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Macerich by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 34,672,065 shares of the real estate investment trust’s stock worth $597,400,000 after acquiring an additional 193,787 shares during the period. Dimensional Fund Advisors LP grew its position in Macerich by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,217,373 shares of the real estate investment trust’s stock worth $49,675,000 after purchasing an additional 126,192 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Macerich by 10.4% in the second quarter. Renaissance Technologies LLC now owns 1,233,600 shares of the real estate investment trust’s stock valued at $19,047,000 after purchasing an additional 116,200 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Macerich in the fourth quarter valued at approximately $18,938,000. Finally, Russell Investments Group Ltd. grew its holdings in Macerich by 1,845.1% in the 1st quarter. Russell Investments Group Ltd. now owns 1,168,864 shares of the real estate investment trust’s stock worth $20,133,000 after buying an additional 1,108,770 shares in the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.

Macerich Trading Down 1.8 %

Shares of NYSE:MAC opened at $17.91 on Wednesday. The company has a market cap of $3.86 billion, a P/E ratio of -11.48, a P/E/G 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. The Macerich Company has a 52-week low of $9.21 and a 52-week high of $18.33. The stock’s 50-day moving average is $15.87 and its 200-day moving average is $15.62.

Macerich Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Monday, August 19th. Macerich’s payout ratio is -43.59%.

Wall Street Analysts Forecast Growth

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