Nomura Asset Management Co. Ltd. Buys 49,609 Shares of The Macerich Company (NYSE:MAC)

Nomura Asset Management Co. Ltd. boosted its holdings in The Macerich Company (NYSE:MAC - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,340 shares of the real estate investment trust's stock after buying an additional 49,609 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.13% of Macerich worth $6,481,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Macerich by 12,475.9% during the third quarter. FMR LLC now owns 11,772,891 shares of the real estate investment trust's stock valued at $214,738,000 after acquiring an additional 11,679,276 shares during the last quarter. Vanguard Group Inc. raised its position in Macerich by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 38,617,446 shares of the real estate investment trust's stock worth $769,260,000 after purchasing an additional 4,503,509 shares during the last quarter. Prudential Financial Inc. raised its position in Macerich by 463.6% during the 4th quarter. Prudential Financial Inc. now owns 2,590,689 shares of the real estate investment trust's stock worth $51,607,000 after purchasing an additional 2,131,030 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Macerich by 77.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,812,987 shares of the real estate investment trust's stock worth $75,955,000 after buying an additional 1,667,066 shares during the period. Finally, Bamco Inc. NY grew its position in shares of Macerich by 742.3% in the 3rd quarter. Bamco Inc. NY now owns 1,695,420 shares of the real estate investment trust's stock valued at $30,924,000 after buying an additional 1,494,145 shares during the last quarter. Institutional investors own 87.38% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group raised 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 note on Thursday, January 2nd. Morgan Stanley reduced their price objective on shares of Macerich from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Macerich in a research note on Tuesday, December 17th. They set a "hold" rating and a $22.00 target price for the company. The Goldman Sachs Group decreased their price target on Macerich from $16.70 to $14.40 and set a "sell" rating for the company in a report on Monday, March 10th. Finally, Scotiabank dropped their price objective on Macerich from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Macerich has a consensus rating of "Hold" and a consensus price target of $19.37.

Macerich Stock Performance

Shares of NYSE MAC traded down $0.94 during mid-day trading on Friday, reaching $14.66. 3,036,237 shares of the company's stock were exchanged, compared to its average volume of 1,922,611. 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 firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 0.71 and a beta of 2.17. The Macerich Company has a 52 week low of $12.99 and a 52 week high of $22.27. The firm has a 50-day moving average price of $18.79 and a two-hundred day moving average price of $19.18.

Macerich Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 4.64%. Macerich's payout ratio is -86.08%.

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.