Natixis Advisors LLC Acquires 35,951 Shares of The Macerich Company (NYSE:MAC)

Natixis Advisors LLC increased its stake in shares of The Macerich Company (NYSE:MAC - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,180 shares of the real estate investment trust's stock after acquiring an additional 35,951 shares during the period. Natixis Advisors LLC owned about 0.08% of Macerich worth $4,127,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Macerich by 12,475.9% during the 3rd quarter. FMR LLC now owns 11,772,891 shares of the real estate investment trust's stock worth $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% during the third quarter. Geode Capital Management LLC now owns 5,426,909 shares of the real estate investment trust's stock worth $99,004,000 after acquiring an additional 34,982 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Macerich by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,171,300 shares of the real estate investment trust's stock valued at $103,012,000 after acquiring an additional 369,931 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Macerich by 10.0% in the 4th quarter. Fisher Asset Management LLC now owns 3,295,553 shares of the real estate investment trust's stock valued at $65,647,000 after acquiring an additional 299,812 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Macerich by 7.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,950,224 shares of the real estate investment trust's stock worth $53,826,000 after purchasing an additional 201,581 shares during the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAC shares. 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. Deutsche Bank Aktiengesellschaft began coverage on Macerich in a research note on Tuesday, December 17th. They issued a "hold" rating and a $22.00 price target on the stock. JPMorgan Chase & Co. reduced 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. Morgan Stanley raised shares of Macerich from an "underweight" rating to an "equal weight" rating and set a $20.00 price objective on the stock in a research report on Wednesday, January 15th. Finally, 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 report on Wednesday, December 4th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.20.

Insider Buying and Selling

In related news, Director Andrea M. Stephen sold 63,289 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $20.59, for a total transaction of $1,303,120.51. Following the sale, the director now 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 legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Macerich Price Performance

Shares of MAC stock traded down $0.41 during trading on Tuesday, hitting $17.39. The company had a trading volume of 1,378,991 shares, compared to its average volume of 1,845,684. The firm has a market capitalization of $4.39 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 0.71 and a beta of 2.62. The Macerich Company has a one year low of $12.99 and a one year high of $22.27. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.92 and a current ratio of 0.92. The stock's 50-day moving average price is $19.18 and its 200 day moving average price is $19.16.

Macerich Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, March 4th. Macerich's dividend payout ratio (DPR) is currently -86.08%.

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.