The Macerich Company (NYSE:MAC) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in The Macerich Company (NYSE:MAC - Free Report) by 180.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 202,262 shares of the real estate investment trust's stock after buying an additional 130,182 shares during the period. Daiwa Securities Group Inc. owned approximately 0.08% of Macerich worth $4,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAC. Smead Capital Management Inc. raised its stake in shares of Macerich by 3.5% in the 3rd 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 during the period. FMR LLC increased its holdings in Macerich by 12,475.9% in the 3rd quarter. FMR LLC now owns 11,772,891 shares of the real estate investment trust's stock valued at $214,738,000 after purchasing an additional 11,679,276 shares in the last quarter. Geode Capital Management LLC raised its position in Macerich by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,426,909 shares of the real estate investment trust's stock valued at $99,004,000 after purchasing an additional 34,982 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Macerich by 7.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,171,300 shares of the real estate investment trust's stock worth $103,012,000 after purchasing an additional 369,931 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Macerich by 10.0% in the fourth quarter. Fisher Asset Management LLC now owns 3,295,553 shares of the real estate investment trust's stock worth $65,647,000 after buying an additional 299,812 shares during the period. 87.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MAC shares. 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. Piper Sandler decreased their target price on shares of Macerich from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. Jefferies Financial Group raised shares of Macerich from a "hold" rating to a "buy" rating and lifted their price target for the stock from $19.00 to $23.00 in a research note on Thursday, January 2nd. 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. Finally, Mizuho raised 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 report on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.03.

Remove Ads

Insider Buying and Selling

In other news, Director Andrea M. Stephen sold 63,289 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $20.59, for a total value of $1,303,120.51. Following the transaction, the director now directly owns 83,479 shares in the company, valued at approximately $1,718,832.61. This trade represents a 43.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.

Macerich Trading Up 3.1 %

Shares of NYSE MAC opened at $16.83 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68. The stock's 50 day moving average price is $19.76 and its two-hundred day moving average price is $19.06. The Macerich Company has a 52-week low of $12.99 and a 52-week high of $22.27. The stock has a market capitalization of $4.25 billion, a P/E ratio of 43.14, a PEG ratio of 0.71 and a beta of 2.62.

Macerich Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, March 4th. Macerich's dividend payout ratio (DPR) is presently -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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.