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

Y.D. More Investments Ltd boosted its stake in The Macerich Company (NYSE:MAC) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,080 shares of the real estate investment trust’s stock after buying an additional 7,500 shares during the quarter. Y.D. More Investments Ltd’s holdings in Macerich were worth $1,113,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MAC. Quest Partners LLC purchased a new position in shares of Macerich in the fourth quarter valued at approximately $41,000. Fidelis Capital Partners LLC acquired a new position in shares of Macerich during the 1st quarter valued at about $46,000. Entropy Technologies LP purchased a new stake in shares of Macerich in the first quarter valued at about $194,000. Vanguard Personalized Indexing Management LLC increased its position in Macerich by 11.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 1,805 shares during the last quarter. Finally, American Assets Investment Management LLC purchased a new position in Macerich during the fourth quarter worth about $282,000. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Macerich Trading Up 2.9 %

NYSE:MAC opened at $15.93 on Thursday. The Macerich Company has a 12-month low of $9.21 and a 12-month high of $17.69. The firm has a market cap of $3.44 billion, a PE ratio of -10.21, a price-to-earnings-growth ratio of 0.51 and a beta of 2.49. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76. The stock has a fifty day moving average price of $15.43 and a 200 day moving average price of $15.54.

Macerich Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 19th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Monday, August 19th. Macerich’s dividend payout ratio is presently -43.59%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MAC. Scotiabank downgraded shares of Macerich from a “sector perform” rating to a “sector underperform” rating and cut their price target for the stock from $16.00 to $14.00 in a report on Friday, May 17th. The Goldman Sachs Group cut their target price on Macerich from $14.00 to $12.50 and set a “sell” rating for the company in a research note on Monday, June 17th. Piper Sandler upped their price target on Macerich from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday, September 3rd. StockNews.com raised Macerich from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Evercore ISI increased their target price on shares of Macerich from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.19.

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.