State of Wyoming Acquires New Shares in Macerich Company (The) $MAC

State of Wyoming bought a new stake in Macerich Company (The) (NYSE:MAC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,737 shares of the real estate investment trust’s stock, valued at approximately $1,001,000.

Several other institutional investors have also recently bought and sold shares of MAC. Farther Finance Advisors LLC grew its holdings in shares of Macerich by 76.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,347 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 585 shares during the last quarter. Global Retirement Partners LLC increased its position in Macerich by 366.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,394 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,095 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Macerich by 80.4% in the 4th quarter. Hantz Financial Services Inc. now owns 1,535 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 684 shares during the last quarter. Triumph Capital Management bought a new position in Macerich in the 3rd quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC boosted its position in Macerich by 156.6% in the fourth quarter. Salomon & Ludwin LLC now owns 2,189 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,336 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MAC shares. Morgan Stanley upped their price target on shares of Macerich from $20.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. Truist Financial raised their price objective on Macerich from $20.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Jefferies Financial Group upgraded Macerich to a “strong-buy” rating in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft raised Macerich from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $27.00 in a report on Tuesday, June 2nd. Finally, LADENBURG THALM/SH SH lifted their price target on Macerich from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Macerich presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.73.

Macerich Stock Up 0.2%

Shares of MAC opened at $24.70 on Friday. The company has a market capitalization of $7.00 billion, a PE ratio of -37.99, a PEG ratio of 1.74 and a beta of 2.07. Macerich Company has a 12 month low of $16.03 and a 12 month high of $26.67. The stock’s 50-day moving average price is $25.03 and its two-hundred day moving average price is $22.01. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.67.

Macerich (NYSE:MAC) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). Macerich had a negative net margin of 16.85% and a negative return on equity of 6.26%. The company had revenue of $249.71 million during the quarter, compared to the consensus estimate of $239.77 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts anticipate that Macerich Company will post 1.49 EPS for the current year.

Macerich Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be issued a $0.17 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.68 annualized dividend and a yield of 2.8%. Macerich’s dividend payout ratio is presently -104.62%.

About Macerich

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.