Versor Investments LP Invests $516,000 in The Macerich Company (NYSE:MAC)

Versor Investments LP purchased a new position in shares of The Macerich Company (NYSE:MAC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,300 shares of the real estate investment trust's stock, valued at approximately $516,000.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Macerich by 152.2% in the third quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 933 shares during the last quarter. Quest Partners LLC bought a new stake in Macerich during the second quarter worth $50,000. GAMMA Investing LLC lifted its stake in shares of Macerich by 40.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,214 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 933 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Macerich in the 2nd quarter valued at $129,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Macerich by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,374 shares of the real estate investment trust's stock valued at $150,000 after acquiring an additional 2,161 shares during the last quarter. Institutional investors and hedge funds own 87.38% of the company's stock.

Macerich Trading Up 0.6 %

Macerich stock traded up $0.11 during trading hours on Thursday, reaching $19.25. 2,095,444 shares of the company's stock were exchanged, compared to its average volume of 1,778,784. The Macerich Company has a twelve month low of $10.75 and a twelve month high of $20.40. The firm has a market capitalization of $4.34 billion, a PE ratio of 49.36, a PEG ratio of 0.66 and a beta of 2.50. The firm's 50 day simple moving average is $17.94 and its 200 day simple moving average is $16.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68.

Macerich (NYSE:MAC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.90). The firm had revenue of $220.20 million during the quarter, compared to the consensus estimate of $208.54 million. Macerich had a net margin of 8.98% and a return on equity of 3.15%. The business's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. Research analysts predict that The Macerich Company will post 1.6 earnings per share for the current year.

Macerich Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.53%. Macerich's dividend payout ratio (DPR) is currently 174.36%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Bank of America increased their price target on Macerich from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, October 11th. Evercore ISI increased their price objective on Macerich from $15.00 to $16.00 and gave the company an "in-line" rating in a report on Wednesday, August 28th. StockNews.com downgraded Macerich from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Compass Point increased their price objective on Macerich from $20.00 to $23.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on Macerich from $13.00 to $14.60 and gave the company a "sell" rating in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $16.40.

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.