The Macerich Company (NYSE:MAC) Holdings Lifted by Atria Investments Inc

Atria Investments Inc increased its stake in The Macerich Company (NYSE:MAC) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,907 shares of the real estate investment trust’s stock after acquiring an additional 1,179 shares during the period. Atria Investments Inc owned approximately 0.05% of Macerich worth $2,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MAC. FMR LLC boosted its holdings in Macerich by 12,475.9% during the third quarter. FMR LLC now owns 11,772,891 shares of the real estate investment trust’s stock worth $214,738,000 after buying an additional 11,679,276 shares in the last quarter. Bamco Inc. NY boosted its holdings in Macerich by 742.3% during the third quarter. Bamco Inc. NY now owns 1,695,420 shares of the real estate investment trust’s stock worth $30,924,000 after buying an additional 1,494,145 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Macerich by 399.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,546,373 shares of the real estate investment trust’s stock worth $28,206,000 after buying an additional 1,236,983 shares in the last quarter. Smead Capital Management Inc. lifted its position in shares of Macerich by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 20,433,449 shares of the real estate investment trust’s stock valued at $372,706,000 after acquiring an additional 688,790 shares in the last quarter. Finally, Brookfield Corp ON purchased a new stake in shares of Macerich in the 3rd quarter valued at approximately $9,217,000. 87.38% of the stock is currently owned by institutional investors.

Insider Activity at Macerich

In related news, Director Andrea M. Stephen sold 63,289 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $20.59, for a total value of $1,303,120.51. Following the transaction, the director now directly owns 83,479 shares in the company, valued at approximately $1,718,832.61. This trade represents a 43.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by company insiders.

Macerich Stock Down 4.1 %

Macerich stock opened at $16.87 on Monday. The Macerich Company has a 1-year low of $12.99 and a 1-year high of $22.27. The firm’s fifty day simple moving average is $19.92 and its 200-day simple moving average is $19.05. 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 has a market capitalization of $4.26 billion, a P/E ratio of 43.24, a P/E/G ratio of 0.71 and a beta of 2.62.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 4.03%. Macerich’s payout ratio is presently -86.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MAC shares. Morgan Stanley upgraded shares of Macerich from an “underweight” rating to an “equal weight” rating and set a $20.00 price target for the company in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Macerich in a research report on Tuesday, December 17th. They issued a “hold” rating and a $22.00 price target for the company. Piper Sandler reduced their price target on shares of Macerich from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. Jefferies Financial Group upgraded shares of Macerich from a “hold” rating to a “buy” rating and upped their price target for the company from $19.00 to $23.00 in a research report on Thursday, January 2nd. Finally, Mizuho upgraded shares of Macerich from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $14.00 to $22.00 in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.13.

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.