XTX Topco Ltd Makes New Investment in Macerich Company (The) $MAC

XTX Topco Ltd acquired a new position in Macerich Company (The) (NYSE:MAC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 45,827 shares of the real estate investment trust’s stock, valued at approximately $741,000.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in Macerich by 2.2% during the 1st quarter. AQR Capital Management LLC now owns 37,808 shares of the real estate investment trust’s stock worth $640,000 after acquiring an additional 813 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in shares of Macerich by 2.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 36,060 shares of the real estate investment trust’s stock worth $619,000 after purchasing an additional 860 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Macerich by 47.7% during the 2nd quarter. Fifth Third Bancorp now owns 3,011 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 972 shares during the period. Amalgamated Bank lifted its stake in shares of Macerich by 1.4% during the 2nd quarter. Amalgamated Bank now owns 71,834 shares of the real estate investment trust’s stock valued at $1,162,000 after buying an additional 991 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Macerich by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 118,000 shares of the real estate investment trust’s stock worth $1,909,000 after buying an additional 1,000 shares during the period. 87.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Macerich in a report on Wednesday, October 8th. Bank of America raised Macerich from a “neutral” rating to a “buy” rating and lifted their target price for the company from $19.00 to $23.00 in a research note on Friday, September 26th. Scotiabank boosted their price target on Macerich from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Macerich from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, August 27th. Finally, Evercore ISI lifted their price objective on shares of Macerich from $18.00 to $20.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.95.

Macerich Price Performance

NYSE:MAC opened at $17.12 on Wednesday. The business’s 50-day moving average is $17.32 and its 200 day moving average is $17.01. Macerich Company has a 12 month low of $12.48 and a 12 month high of $22.27. The company has a market capitalization of $4.38 billion, a P/E ratio of -9.78, a P/E/G ratio of 2.96 and a beta of 2.25. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.00.

Macerich (NYSE:MAC) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $253.26 million during the quarter, compared to the consensus estimate of $246.77 million. Macerich had a negative return on equity of 15.15% and a negative net margin of 41.33%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. On average, equities research analysts forecast that Macerich Company will post 1.55 earnings per share for the current fiscal year.

Macerich Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, December 15th. Macerich’s payout ratio is currently -42.77%.

Macerich Company 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.