KBC Group NV Has $235,000 Stock Position in The Macerich Company (NYSE:MAC)

KBC Group NV raised its position in The Macerich Company (NYSE:MAC) by 92.1% during the fourth quarter, Holdings Channel reports. The firm owned 11,814 shares of the real estate investment trust’s stock after purchasing an additional 5,664 shares during the period. KBC Group NV’s holdings in Macerich were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MAC. Smead Capital Management Inc. boosted its position in Macerich by 3.5% during the third quarter. Smead Capital Management Inc. now owns 20,433,449 shares of the real estate investment trust’s stock valued at $372,706,000 after acquiring an additional 688,790 shares during the last quarter. FMR LLC boosted its position in shares of Macerich by 12,475.9% during the 3rd quarter. FMR LLC now owns 11,772,891 shares of the real estate investment trust’s stock valued at $214,738,000 after purchasing an additional 11,679,276 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Macerich by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,426,909 shares of the real estate investment trust’s stock valued at $99,004,000 after purchasing an additional 34,982 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Macerich by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,801,369 shares of the real estate investment trust’s stock worth $87,577,000 after purchasing an additional 113,128 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Macerich by 1.1% in the third quarter. Fisher Asset Management LLC now owns 2,995,741 shares of the real estate investment trust’s stock worth $54,642,000 after purchasing an additional 31,586 shares in the last quarter. 87.38% of the stock is owned by institutional investors.

Macerich Price Performance

Shares of NYSE:MAC opened at $20.32 on Wednesday. The company has a 50-day moving average price of $20.52 and a two-hundred day moving average price of $18.35. The firm has a market capitalization of $5.05 billion, a PE ratio of 52.11, a P/E/G ratio of 0.72 and a beta of 2.50. The Macerich Company has a twelve month low of $12.99 and a twelve month high of $22.27. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68.

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 company had revenue of $220.20 million for the quarter, compared to analysts’ expectations of $208.54 million. Macerich had a net margin of 8.98% and a return on equity of 3.15%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. Equities analysts forecast that The Macerich Company will post 1.55 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on MAC. Piper Sandler raised their price objective on shares of Macerich from $14.00 to $17.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Macerich from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley raised shares of Macerich from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock in a research report on Wednesday, January 15th. Scotiabank raised Macerich from a “sector underperform” rating to a “sector perform” rating and set a $22.00 target price for the company in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Macerich in a report on Tuesday, December 17th. They issued a “hold” rating and a $22.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Macerich presently has a consensus rating of “Hold” and an average price target of $19.30.

Insider Buying and Selling

In other Macerich news, Director Andrea M. Stephen sold 63,289 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $20.59, for a total value of $1,303,120.51. Following the sale, the director now owns 83,479 shares of the company’s stock, valued at $1,718,832.61. This trade represents a 43.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by company insiders.

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.