The Macerich Company (NYSE:MAC) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in shares of The Macerich Company (NYSE:MAC) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,229 shares of the real estate investment trust’s stock after selling 7,905 shares during the period. Natixis Advisors LLC owned about 0.08% of Macerich worth $3,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Macerich by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 147,656 shares of the real estate investment trust’s stock worth $2,545,000 after buying an additional 7,957 shares during the last quarter. Bamco Inc. NY bought a new stake in shares of Macerich during the first quarter valued at about $4,403,000. Caxton Associates LP acquired a new stake in shares of Macerich in the 1st quarter worth approximately $472,000. DekaBank Deutsche Girozentrale lifted its position in Macerich by 158.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 131,487 shares of the real estate investment trust’s stock worth $2,201,000 after purchasing an additional 80,541 shares during the period. Finally, Vanderbilt University grew its holdings in Macerich by 121.5% during the second quarter. Vanderbilt University now owns 80,095 shares of the real estate investment trust’s stock worth $1,237,000 after acquiring an additional 43,942 shares during the period. 87.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MAC. 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. Evercore ISI boosted their target price on Macerich from $15.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Compass Point lifted their price objective on shares of Macerich from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. 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 report on Tuesday, September 3rd. Finally, StockNews.com lowered shares of Macerich from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.40.

Macerich Stock Up 0.8 %

MAC stock opened at $19.72 on Friday. The business has a 50-day simple moving average of $18.38 and a 200 day simple moving average of $16.38. The company has a market cap of $4.45 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 0.67 and a beta of 2.50. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68. The Macerich Company has a 52 week low of $10.75 and a 52 week high of $20.40.

Macerich (NYSE:MAC) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.90). The business had revenue of $220.20 million for the quarter, compared to the consensus estimate of $208.54 million. Macerich had a return on equity of 3.15% and a net margin of 8.98%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. Sell-side analysts anticipate that The Macerich Company will post 1.59 EPS for the current fiscal year.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.68 annualized dividend and a dividend yield of 3.45%. Macerich’s dividend payout ratio is currently 174.36%.

Macerich Company 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.