The Macerich Company (NYSE:MAC) Shares Bought by Amundi

Amundi lifted its stake in shares of The Macerich Company (NYSE:MAC - Free Report) by 62.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,275 shares of the real estate investment trust's stock after purchasing an additional 97,566 shares during the quarter. Amundi owned about 0.10% of Macerich worth $5,180,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. 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 worth $214,738,000 after buying an additional 11,679,276 shares during the last quarter. Bamco Inc. NY raised its holdings in Macerich by 742.3% during the third quarter. Bamco Inc. NY now owns 1,695,420 shares of the real estate investment trust's stock worth $30,924,000 after purchasing an additional 1,494,145 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Macerich by 399.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,546,373 shares of the real estate investment trust's stock valued at $28,206,000 after buying an additional 1,236,983 shares during the period. Smead Capital Management Inc. boosted its stake in shares of Macerich by 3.5% in 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 buying an additional 688,790 shares in the last quarter. Finally, Brookfield Corp ON acquired a new position in Macerich during the third quarter worth $9,217,000. 87.38% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts have commented on MAC shares. Morgan Stanley raised Macerich from an "underweight" rating to an "equal weight" rating and set a $20.00 target price for the company in a report on Wednesday, January 15th. Piper Sandler decreased their price objective on shares of Macerich from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. Jefferies Financial Group upgraded Macerich from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $19.00 to $23.00 in a research report on Thursday, January 2nd. Scotiabank reduced their target price on shares of Macerich from $22.00 to $21.00 and set a "sector perform" rating on the stock in a report on Thursday, March 6th. Finally, The Goldman Sachs Group reduced their price target on Macerich from $16.70 to $14.40 and set a "sell" rating on the stock in a research note on Monday, March 10th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $19.03.

Insider Transactions at Macerich

In related news, Director Andrea M. Stephen sold 63,289 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $20.59, for a total transaction of $1,303,120.51. Following the transaction, the director now directly owns 83,479 shares of the company's stock, valued at approximately $1,718,832.61. The trade was a 43.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.

Macerich Stock Up 1.3 %

Shares of NYSE:MAC traded up $0.22 during midday trading on Wednesday, hitting $17.39. 1,499,364 shares of the company's stock traded hands, compared to its average volume of 2,072,012. The firm's fifty day moving average price is $19.41 and its two-hundred day moving average price is $19.10. 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 twelve month low of $12.99 and a twelve month high of $22.27. The company has a market cap of $4.39 billion, a PE ratio of 44.59, a P/E/G ratio of 0.71 and a beta of 2.62.

Macerich Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Tuesday, March 4th. Macerich's dividend payout ratio is presently -86.08%.

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.