The Macerich Company (NYSE:MAC) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of The Macerich Company (NYSE:MAC) by 180.6% during the 4th quarter, Holdings Channel reports. The fund owned 202,262 shares of the real estate investment trust’s stock after purchasing an additional 130,182 shares during the period. Daiwa Securities Group Inc.’s holdings in Macerich were worth $4,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MAC. Smead Capital Management Inc. raised its stake in shares of Macerich by 3.5% during the third quarter. Smead Capital Management Inc. now owns 20,433,449 shares of the real estate investment trust’s stock valued at $372,706,000 after purchasing an additional 688,790 shares in the last quarter. FMR LLC increased its stake in 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 valued at $214,738,000 after buying an additional 11,679,276 shares during the period. Geode Capital Management LLC raised its position in shares of Macerich by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,426,909 shares of the real estate investment trust’s stock worth $99,004,000 after buying an additional 34,982 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Macerich by 7.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,171,300 shares of the real estate investment trust’s stock worth $103,012,000 after acquiring an additional 369,931 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Macerich by 10.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

Insider Buying and Selling at Macerich

In other news, Director Andrea M. Stephen sold 63,289 shares of Macerich stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $20.59, for a total transaction of $1,303,120.51. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAC. Piper Sandler dropped their target price on Macerich from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. Mizuho raised Macerich from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $14.00 to $22.00 in a research note on Wednesday, December 4th. The Goldman Sachs Group decreased their target price on Macerich from $16.70 to $14.40 and set a “sell” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on shares of Macerich in a research report on Tuesday, December 17th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of Macerich from a “hold” rating to a “buy” rating and raised their price objective for the company from $19.00 to $23.00 in a research report on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Macerich presently has an average rating of “Hold” and a consensus price target of $19.03.

Macerich Stock Performance

Macerich stock opened at $16.83 on Thursday. The Macerich Company has a fifty-two week low of $12.99 and a fifty-two week high of $22.27. The firm’s 50 day simple moving average is $19.76 and its 200-day simple moving average is $19.06. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $4.25 billion, a P/E ratio of 43.14, a price-to-earnings-growth ratio of 0.71 and a beta of 2.62.

Macerich Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, March 4th. Macerich’s payout ratio is -86.08%.

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.