Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Holdings in The Macerich Company (NYSE:MAC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in The Macerich Company (NYSE:MAC - Free Report) by 53.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,978 shares of the real estate investment trust's stock after purchasing an additional 45,195 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Macerich worth $2,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MAC. Blue Trust Inc. grew its position in shares of Macerich by 68.8% in the fourth quarter. Blue Trust Inc. now owns 2,610 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,064 shares during the period. Smartleaf Asset Management LLC increased its stake in Macerich by 314.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,467 shares of the real estate investment trust's stock worth $69,000 after buying an additional 2,630 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Macerich by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 4,388 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 1,174 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Macerich in the fourth quarter worth approximately $99,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Macerich during the fourth quarter worth approximately $212,000. Institutional investors and hedge funds own 87.38% of the company's stock.

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Insider Activity at Macerich

In other Macerich news, Director Andrea M. Stephen sold 63,289 shares of the firm's stock in a transaction dated 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 owns 83,479 shares of the company's stock, valued at approximately $1,718,832.61. This trade represents a 43.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company's stock.

Macerich Stock Down 2.3 %

MAC stock traded down $0.41 during trading on Tuesday, hitting $17.39. 1,378,991 shares of the company's stock were exchanged, compared to its average volume of 1,845,684. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 0.71 and a beta of 2.62. The Macerich Company has a 52-week low of $12.99 and a 52-week high of $22.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average price of $19.22 and a two-hundred day moving average price of $19.15.

Macerich Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a $0.17 dividend. 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 (DPR) is -86.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho raised shares of Macerich from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $14.00 to $22.00 in a research note on Wednesday, December 4th. The Goldman Sachs Group dropped their price objective on shares of Macerich from $16.70 to $14.40 and set a "sell" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. decreased their target price on shares of Macerich from $22.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. Morgan Stanley upgraded Macerich from an "underweight" rating to an "equal weight" rating and set a $20.00 price target for the company in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded Macerich from a "hold" rating to a "buy" rating and upped their price objective for the company from $19.00 to $23.00 in a report on Thursday, January 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Macerich currently has an average rating of "Hold" and an average target price of $19.20.

About Macerich

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.