Pacer Advisors Inc. raised its position in shares of Macerich Company (The) (NYSE:MAC) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 2,571 shares of the real estate investment trust’s stock after buying an additional 77 shares during the period. Pacer Advisors Inc.’s holdings in Macerich Company (The) were worth $166,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mason Street Advisors LLC raised its stake in Macerich Company (The) by 1.2% in the first quarter. Mason Street Advisors LLC now owns 16,705 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 190 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Macerich Company (The) by 275.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 24,435 shares of the real estate investment trust’s stock worth $1,574,000 after buying an additional 17,927 shares in the last quarter. Norinchukin Bank The raised its stake in Macerich Company (The) by 17.5% in the first quarter. Norinchukin Bank The now owns 31,558 shares of the real estate investment trust’s stock worth $2,032,000 after buying an additional 4,690 shares in the last quarter. Ffcm LLC raised its stake in Macerich Company (The) by 4.3% in the first quarter. Ffcm LLC now owns 7,980 shares of the real estate investment trust’s stock worth $514,000 after buying an additional 330 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Macerich Company (The) by 16.6% in the first quarter. Mutual of America Capital Management LLC now owns 15,410 shares of the real estate investment trust’s stock worth $992,000 after buying an additional 2,190 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Macerich Company (The) (NYSE:MAC)

Shares of Macerich Company (MAC) opened at 57.77 on Friday. The stock has a 50 day moving average of $59.26 and a 200-day moving average of $65.25. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 50.68 and a beta of 0.78. Macerich Company has a 52 week low of $56.06 and a 52 week high of $94.51.

Macerich Company (The) (NYSE:MAC) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Macerich Company (The) had a net margin of 16.01% and a return on equity of 3.72%. The firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $222.65 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts anticipate that Macerich Company will post $0.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 5th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $2.84 annualized dividend and a dividend yield of 4.92%. Macerich Company (The)’s dividend payout ratio (DPR) is currently 249.12%.

ILLEGAL ACTIVITY WARNING: “Pacer Advisors Inc. Acquires 77 Shares of Macerich Company (The) (MAC)” was originally published by Financial Market News and is the property of of Financial Market News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.financial-market-news.com/2017/06/17/pacer-advisors-inc-acquires-77-shares-of-macerich-company-the-mac.html.

MAC has been the subject of a number of analyst reports. Mizuho restated a “buy” rating and set a $82.00 price objective on shares of Macerich Company (The) in a research note on Monday, March 13th. Royal Bank Of Canada restated a “buy” rating and set a $73.00 price objective on shares of Macerich Company (The) in a research note on Wednesday, February 22nd. BTIG Research restated a “buy” rating and set a $82.00 price objective on shares of Macerich Company (The) in a research note on Monday, April 3rd. Barclays PLC reduced their price objective on shares of Macerich Company (The) from $66.00 to $63.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 19th. Finally, Deutsche Bank AG reduced their price objective on shares of Macerich Company (The) to $65.00 and set a “hold” rating for the company in a research note on Tuesday, March 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Macerich Company (The) has a consensus rating of “Hold” and a consensus target price of $73.71.

Macerich Company (The) Company Profile

The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in, The Macerich Partnership, L.P.

Want to see what other hedge funds are holding MAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macerich Company (The) (NYSE:MAC).

Receive News & Ratings for Macerich Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macerich Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.