Presima Inc. decreased its holdings in shares of Macerich Co (NYSE:MAC) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,000 shares of the real estate investment trust’s stock after selling 4,400 shares during the period. Macerich accounts for 0.3% of Presima Inc.’s portfolio, making the stock its 23rd largest position. Presima Inc.’s holdings in Macerich were worth $2,496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MAC. Meeder Asset Management Inc. purchased a new stake in shares of Macerich during the third quarter valued at approximately $216,000. Sun Life Financial INC grew its holdings in shares of Macerich by 1,864.0% during the second quarter. Sun Life Financial INC now owns 3,928 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 3,728 shares during the last quarter. Amica Pension Fund Board of Trustees purchased a new stake in shares of Macerich during the third quarter valued at approximately $229,000. Riverhead Capital Management LLC grew its holdings in shares of Macerich by 11.8% during the second quarter. Riverhead Capital Management LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 435 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Macerich during the second quarter valued at approximately $289,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Shares of Macerich Co (MAC) traded up $1.45 during mid-day trading on Friday, reaching $66.50. 1,702,600 shares of the company traded hands, compared to its average volume of 2,003,437. Macerich Co has a 52 week low of $52.12 and a 52 week high of $70.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $9,475.43, a PE ratio of 61.95, a P/E/G ratio of 3.14 and a beta of 0.88.

Macerich (NYSE:MAC) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.86). Macerich had a return on equity of 3.56% and a net margin of 14.92%. The company had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $226.00 million. During the same quarter in the prior year, the business posted $1.04 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. analysts predict that Macerich Co will post 3.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Wednesday, February 21st will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 4.45%. Macerich’s dividend payout ratio is currently 281.91%.

MAC has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $66.00 price target on shares of Macerich in a report on Thursday, November 2nd. Boenning Scattergood set a $75.00 price target on shares of Macerich and gave the company a “buy” rating in a report on Wednesday, November 1st. KeyCorp reiterated a “buy” rating and set a $75.00 price target on shares of Macerich in a report on Thursday, September 28th. Mizuho reiterated a “hold” rating and set a $60.00 price target on shares of Macerich in a report on Friday, November 10th. Finally, BMO Capital Markets set a $55.00 price target on shares of Macerich and gave the company a “hold” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $67.08.

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Macerich Profile

The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in, The Macerich Partnership, L.P.

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Institutional Ownership by Quarter for Macerich (NYSE:MAC)

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