The Macerich Co (MAC) Shares Sold by Asset Management One Co. Ltd.

The Macerich Co (MAC) Shares Sold by Asset Management One Co. Ltd.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Macerich by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 77 shares during the period. Advisory Services Network LLC bought a new stake in Macerich during the first quarter worth approximately $167,000. Riverhead Capital Management LLC boosted its stake in Macerich by 63.4% in the third quarter. Riverhead Capital Management LLC now owns 2,911 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 1,129 shares during the period. Sawtooth Solutions LLC bought a new stake in Macerich during the first quarter worth approximately $244,000. Finally, Pacad Investment Ltd. boosted its stake in Macerich by 1,700.0% in the fourth quarter. Pacad Investment Ltd. now owns 3,600 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 3,400 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Asset Management One Co. Ltd. cut its position in Macerich Co (NYSE:MAC) by 5.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 459,868 shares of the real estate investment trust’s stock after selling 28,694 shares during the period. Asset Management One Co. Ltd. owned about 0.32% of Macerich worth $29,578,000 at the end of the most recent quarter.

Shares of Macerich Co (NYSE MAC) traded down 0.87% on Friday, reaching $57.80. 1,112,589 shares of the company traded hands. Macerich Co has a 1-year low of $56.42 and a 1-year high of $94.51. The stock has a 50-day moving average price of $61.00 and a 200 day moving average price of $66.03. The firm has a market capitalization of $8.19 billion, a P/E ratio of 50.70 and a beta of 0.79.

Macerich (NYSE:MAC) last posted its earnings results on Thursday, April 27th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. The firm had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $222.65 million. Macerich had a net margin of 30.28% and a return on equity of 6.87%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. Analysts anticipate that Macerich Co will post $0.82 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 5th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Wednesday, May 3rd. Macerich’s dividend payout ratio is presently 83.04%.

A number of research firms recently weighed in on MAC. Mizuho reiterated a “buy” rating and issued a $82.00 price objective on shares of Macerich in a research note on Monday, March 13th. ValuEngine lowered shares of Macerich from a “buy” rating to a “hold” rating in a research note on Friday. BTIG Research reiterated a “buy” rating and issued a $82.00 price objective on shares of Macerich in a research note on Monday, April 3rd. Barclays PLC reduced their price objective on shares of Macerich from $66.00 to $63.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 19th. Finally, Zacks Investment Research upgraded shares of Macerich from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.71. About Macerich

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MAC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment