The Macerich Company (NYSE:MAC) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in The Macerich Company (NYSE:MAC - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 354,968 shares of the real estate investment trust's stock after buying an additional 48,890 shares during the period. Asset Management One Co. Ltd. owned approximately 0.14% of Macerich worth $7,149,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Citigroup Inc. grew its stake in Macerich by 32.3% during the 3rd quarter. Citigroup Inc. now owns 359,069 shares of the real estate investment trust's stock worth $6,549,000 after purchasing an additional 87,611 shares in the last quarter. Quest Partners LLC increased its stake in shares of Macerich by 851.9% during the third quarter. Quest Partners LLC now owns 30,529 shares of the real estate investment trust's stock worth $557,000 after buying an additional 27,322 shares during the period. Bamco Inc. NY increased its stake in shares of 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 buying an additional 1,494,145 shares during the period. Smead Capital Management Inc. raised its holdings in 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 acquiring an additional 688,790 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Macerich in the fourth quarter worth approximately $771,000. Institutional investors and hedge funds own 87.38% of the company's stock.

Macerich Stock Performance

Shares of Macerich stock traded down $0.51 during trading hours on Friday, hitting $19.86. 1,178,593 shares of the company were exchanged, compared to its average volume of 1,546,535. The Macerich Company has a 1 year low of $12.99 and a 1 year high of $22.27. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 50.91, a P/E/G ratio of 0.72 and a beta of 2.50. 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 of $20.31 and a 200-day moving average of $18.74.

Macerich Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, March 4th. Macerich's dividend payout ratio (DPR) is 174.36%.

Insider Buying and Selling at Macerich

In other Macerich news, Director Andrea M. Stephen sold 63,289 shares of the business's stock in a transaction 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 sale, the director now directly owns 83,479 shares in the company, valued at approximately $1,718,832.61. The trade was a 43.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MAC has been the topic of a number of analyst reports. Mizuho upgraded shares of Macerich from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $14.00 to $22.00 in a report on Wednesday, December 4th. Compass Point increased their target price on Macerich from $20.00 to $23.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Scotiabank raised Macerich from a "sector underperform" rating to a "sector perform" rating and set a $22.00 price target for the company in a report on Tuesday, December 17th. Jefferies Financial Group upgraded Macerich from a "hold" rating to a "buy" rating and increased their price objective for the company from $19.00 to $23.00 in a report on Thursday, January 2nd. Finally, StockNews.com cut shares of Macerich from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Macerich has an average rating of "Hold" and a consensus target price of $19.30.

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.