The Macerich Company (NYSE:MAC) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its stake in The Macerich Company (NYSE:MAC - Free Report) by 40.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,880 shares of the real estate investment trust's stock after selling 29,200 shares during the quarter. Y.D. More Investments Ltd's holdings in Macerich were worth $854,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Macerich by 152.2% during the third quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 933 shares during the period. GAMMA Investing LLC grew its stake in shares of Macerich by 40.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,214 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 933 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Macerich by 34.8% during 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 purchasing an additional 2,161 shares in the last quarter. Custom Index Systems LLC lifted its stake in shares of Macerich by 8.7% in the 4th quarter. Custom Index Systems LLC now owns 11,630 shares of the real estate investment trust's stock valued at $232,000 after purchasing an additional 928 shares during the period. Finally, KBC Group NV boosted its holdings in Macerich by 92.1% during the fourth quarter. KBC Group NV now owns 11,814 shares of the real estate investment trust's stock worth $235,000 after buying an additional 5,664 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company's stock.

Macerich Trading Up 0.8 %

Shares of NYSE MAC traded up $0.17 during midday trading on Friday, reaching $20.83. 897,617 shares of the stock were exchanged, compared to its average volume of 1,558,855. The Macerich Company has a twelve month low of $12.99 and a twelve month high of $22.27. The stock has a market capitalization of $5.18 billion, a P/E ratio of 53.41, a PEG ratio of 0.72 and a beta of 2.50. The company has a 50 day simple moving average of $20.50 and a 200 day simple moving average of $18.41. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.92 and a current ratio of 0.92.

Macerich (NYSE:MAC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.90). The business had revenue of $220.20 million during the quarter, compared to analyst estimates of $208.54 million. Macerich had a net margin of 8.98% and a return on equity of 3.15%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. As a group, equities analysts expect that The Macerich Company will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

MAC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Macerich in a research report on Tuesday, December 17th. They issued a "hold" rating and a $22.00 price objective for the company. Compass Point increased their target price on Macerich from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Bank of America increased their price objective on shares of Macerich from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Mizuho upgraded shares of Macerich from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $14.00 to $22.00 in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group upgraded 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 report on Thursday, January 2nd. Three equities 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.30.

Insiders Place Their Bets

In related 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 value 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. The trade was a 43.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by insiders.

Macerich 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.