Barclays PLC Acquires 247,741 Shares of The Macerich Company (NYSE:MAC)

Barclays PLC lifted its position in The Macerich Company (NYSE:MAC - Free Report) by 58.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 670,154 shares of the real estate investment trust's stock after buying an additional 247,741 shares during the period. Barclays PLC owned about 0.27% of Macerich worth $13,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAC. CIBC Private Wealth Group LLC raised its position in shares of Macerich by 9.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,787 shares of the real estate investment trust's stock worth $118,000 after purchasing an additional 512 shares during the period. M&T Bank Corp increased its stake in Macerich by 2.8% during the 4th quarter. M&T Bank Corp now owns 20,228 shares of the real estate investment trust's stock worth $403,000 after purchasing an additional 543 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Macerich by 5.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 12,234 shares of the real estate investment trust's stock worth $244,000 after buying an additional 665 shares during the period. Custom Index Systems LLC boosted its holdings in shares of Macerich by 8.7% in the fourth quarter. Custom Index Systems LLC now owns 11,630 shares of the real estate investment trust's stock valued at $232,000 after buying an additional 928 shares during the period. Finally, Townsquare Capital LLC raised its holdings in shares of Macerich by 7.0% during the fourth quarter. Townsquare Capital LLC now owns 14,395 shares of the real estate investment trust's stock worth $287,000 after acquiring an additional 947 shares during the period. 87.38% of the stock is currently owned by institutional investors.

Macerich Price Performance

Macerich stock traded up $0.30 during mid-day trading on Thursday, reaching $14.67. 998,173 shares of the company were exchanged, compared to its average volume of 1,993,599. The company has a fifty day simple moving average of $16.74 and a 200-day simple moving average of $18.81. The firm has a market cap of $3.70 billion, a PE ratio of 37.62, a PEG ratio of 0.71 and a beta of 2.17. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.92 and a quick ratio of 0.92. The Macerich Company has a 12 month low of $12.48 and a 12 month high of $22.27.

Macerich Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Tuesday, March 4th. Macerich's dividend payout ratio (DPR) is presently -86.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley lowered their target price on Macerich from $20.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. The Goldman Sachs Group lowered their price objective on shares of Macerich from $16.70 to $14.40 and set a "sell" rating on the stock in a report on Monday, March 10th. Truist Financial raised Macerich from a "hold" rating to a "buy" rating and set a $19.00 price target on the stock in a research report on Thursday, April 10th. Jefferies Financial Group upgraded shares of Macerich from a "hold" rating to a "buy" rating and boosted their target price for the stock from $19.00 to $23.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Macerich from $22.00 to $18.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.95.

Macerich Company 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.