Macerich Co (MAC) Stake Increased by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of Macerich Co (NYSE:MAC) by 492.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,244 shares of the real estate investment trust’s stock after buying an additional 37,609 shares during the quarter. WINTON GROUP Ltd’s holdings in Macerich were worth $2,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in shares of Macerich by 7.9% during the 2nd quarter. Pacer Advisors Inc. now owns 2,774 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 203 shares during the period. Sun Life Financial INC grew its position in shares of Macerich by 1,864.0% during the 2nd quarter. Sun Life Financial INC now owns 3,928 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 3,728 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Macerich during the 3rd quarter worth approximately $216,000. Riverhead Capital Management LLC grew its position in shares of Macerich by 11.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 435 shares during the period. Finally, Amica Pension Fund Board of Trustees acquired a new stake in shares of Macerich during the 3rd quarter worth approximately $229,000. 98.03% of the stock is owned by institutional investors.

Macerich Co (NYSE:MAC) traded down $0.58 during midday trading on Friday, reaching $64.22. 1,630,000 shares of the company traded hands, compared to its average volume of 2,895,959. Macerich Co has a twelve month low of $52.12 and a twelve month high of $73.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25. The firm has a market cap of $9,040.44, a P/E ratio of 16.14, a P/E/G ratio of 2.97 and a beta of 0.87.

Macerich (NYSE:MAC) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.86). Macerich had a net margin of 14.92% and a return on equity of 3.56%. The business had revenue of $242.50 million during the quarter, compared to analyst estimates of $226.00 million. During the same period in the previous year, the business posted $1.04 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. sell-side analysts anticipate that Macerich Co will post 3.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a $0.74 dividend. The ex-dividend date was Thursday, November 9th. This represents a $2.96 annualized dividend and a yield of 4.61%. This is an increase from Macerich’s previous quarterly dividend of $0.71. Macerich’s dividend payout ratio (DPR) is presently 281.91%.

Several analysts have recently commented on the stock. Mizuho reaffirmed a “hold” rating and set a $60.00 price objective on shares of Macerich in a research report on Friday, November 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $66.00 price objective on shares of Macerich in a research report on Thursday, November 2nd. Boenning Scattergood set a $75.00 price objective on shares of Macerich and gave the stock a “buy” rating in a research report on Wednesday, November 1st. BMO Capital Markets set a $55.00 price objective on shares of Macerich and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, KeyCorp reaffirmed a “buy” rating and set a $75.00 price objective on shares of Macerich in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.80.

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Macerich Profile

The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in, The Macerich Partnership, L.P.

Institutional Ownership by Quarter for Macerich (NYSE:MAC)

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