1,531 Shares in The Macerich Company (NYSE:MAC) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of The Macerich Company (NYSE:MAC) in the fourth quarter, Holdings Channel reports. The firm acquired 1,531 shares of the real estate investment trust’s stock, valued at approximately $30,000.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in 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 raised its holdings in shares of Macerich by 0.6% in the third 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 acquiring an additional 34,982 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Macerich by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,171,300 shares of the real estate investment trust’s stock worth $103,012,000 after acquiring an additional 369,931 shares during the period. Fisher Asset Management LLC grew its holdings in Macerich by 10.0% during the 4th quarter. Fisher Asset Management LLC now owns 3,295,553 shares of the real estate investment trust’s stock worth $65,647,000 after acquiring an additional 299,812 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Macerich by 7.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,950,224 shares of the real estate investment trust’s stock valued at $53,826,000 after purchasing an additional 201,581 shares during the period. 87.38% of the stock is owned by hedge funds and other institutional investors.

Macerich Stock Down 0.5 %

Shares of MAC opened at $17.08 on Wednesday. The company’s 50-day simple moving average is $18.92 and its 200-day simple moving average is $19.21. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.92 and a current ratio of 0.92. The Macerich Company has a 1 year low of $12.99 and a 1 year high of $22.27. The stock has a market capitalization of $4.31 billion, a PE ratio of 43.79, a P/E/G ratio of 0.71 and a beta of 2.62.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.98%. Macerich’s payout ratio is -86.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MAC shares. Piper Sandler reduced their price objective on shares of Macerich from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. Morgan Stanley reduced their price target on Macerich from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on Macerich from $16.70 to $14.40 and set a “sell” rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. cut their price target on shares of Macerich from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Finally, Mizuho upgraded shares of Macerich from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $14.00 to $22.00 in a report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.37.

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.