SG Americas Securities LLC Has $5.67 Million Position in Macerich Company (The) $MAC

SG Americas Securities LLC boosted its holdings in Macerich Company (The) (NYSE:MAC) by 199.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,194 shares of the real estate investment trust’s stock after acquiring an additional 200,069 shares during the quarter. SG Americas Securities LLC’s holdings in Macerich were worth $5,674,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in Macerich by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 46,116 shares of the real estate investment trust’s stock worth $851,000 after purchasing an additional 530 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Macerich by 76.8% in 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 period. PNC Financial Services Group Inc. raised its holdings in shares of Macerich by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,659 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 622 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Macerich by 5.5% in the 4th quarter. Osaic Holdings Inc. now owns 12,116 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 637 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Macerich by 80.4% during the 4th quarter. Hantz Financial Services Inc. now owns 1,535 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 684 shares during the period. Institutional investors and hedge funds own 87.38% of the company’s stock.

Macerich Stock Down 0.1%

Shares of NYSE MAC opened at $25.81 on Monday. Macerich Company has a 12-month low of $15.88 and a 12-month high of $25.97. The firm’s 50-day simple moving average is $22.78 and its 200 day simple moving average is $20.37. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.96. The company has a market cap of $7.32 billion, a price-to-earnings ratio of -36.35, a price-to-earnings-growth ratio of 1.73 and a beta of 2.10.

Macerich (NYSE:MAC) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Macerich had a negative net margin of 18.22% and a negative return on equity of 6.95%. The firm had revenue of $241.54 million during the quarter, compared to analysts’ expectations of $233.06 million. During the same quarter last year, the company posted $0.33 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts expect that Macerich Company will post 1.48 earnings per share for the current fiscal year.

Macerich Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.6%. Macerich’s dividend payout ratio (DPR) is currently -95.77%.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen raised Macerich from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. raised Macerich from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $23.00 to $25.00 in a report on Wednesday, June 17th. Scotiabank boosted their target price on shares of Macerich from $24.00 to $27.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 18th. Citigroup raised shares of Macerich from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Macerich from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $27.00 in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.00.

Macerich Profile

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.