The Macerich Company (NYSE:MAC) Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of The Macerich Company (NYSE:MAC) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,617,446 shares of the real estate investment trust’s stock after buying an additional 4,503,509 shares during the quarter. Vanguard Group Inc. owned about 15.54% of Macerich worth $769,260,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Macerich during the fourth quarter worth $30,000. Blue Trust Inc. lifted its position in shares of Macerich by 68.8% in the 4th quarter. Blue Trust Inc. now owns 2,610 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,064 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Macerich by 314.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,467 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 2,630 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Macerich by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 4,388 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 1,174 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Macerich during the 4th quarter valued at about $99,000. Institutional investors own 87.38% of the company’s stock.

Macerich Price Performance

Shares of Macerich stock opened at $17.10 on Friday. The Macerich Company has a 52 week low of $12.99 and a 52 week high of $22.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. The company’s 50-day moving average price is $19.04 and its two-hundred day moving average price is $19.18. The stock has a market cap of $4.32 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 0.71 and a beta of 2.62.

Macerich Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Tuesday, March 4th. Macerich’s dividend payout ratio is presently -86.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Macerich from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Piper Sandler dropped their target price on Macerich from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Jefferies Financial Group upgraded Macerich from a “hold” rating to a “buy” rating and raised their target price for the company from $19.00 to $23.00 in a research note on Thursday, January 2nd. Morgan Stanley raised shares of Macerich from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock in a report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Macerich in a research note on Tuesday, December 17th. They set a “hold” rating and a $22.00 target price for the company. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.49.

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.