Mutual of America Capital Management LLC Sells 1,206 Shares of Macerich Co (MAC)

Mutual of America Capital Management LLC cut its holdings in Macerich Co (NYSE:MAC) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,041 shares of the real estate investment trust’s stock after selling 1,206 shares during the period. Mutual of America Capital Management LLC’s holdings in Macerich were worth $857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Macerich by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 2,899,041 shares of the real estate investment trust’s stock worth $159,359,000 after acquiring an additional 143,975 shares during the period. Dimensional Fund Advisors LP raised its position in Macerich by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,047,155 shares of the real estate investment trust’s stock worth $112,533,000 after acquiring an additional 49,918 shares during the period. Third Point LLC bought a new position in Macerich in the third quarter worth approximately $94,878,000. Canada Pension Plan Investment Board raised its position in Macerich by 39.4% in the third quarter. Canada Pension Plan Investment Board now owns 1,252,483 shares of the real estate investment trust’s stock worth $68,849,000 after acquiring an additional 353,900 shares during the period. Finally, Legal & General Group Plc raised its position in Macerich by 6.3% in the third quarter. Legal & General Group Plc now owns 1,224,305 shares of the real estate investment trust’s stock worth $67,301,000 after acquiring an additional 72,046 shares during the period. Institutional investors and hedge funds own 98.27% of the company’s stock.

Shares of Macerich Co (NYSE MAC) opened at $60.66 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.30. The stock has a market cap of $8,601.22, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 2.93 and a beta of 0.83. Macerich Co has a fifty-two week low of $52.12 and a fifty-two week high of $69.73.

Macerich (NYSE:MAC) last announced its quarterly earnings results on Monday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.11). The company had revenue of $245.30 million during the quarter, compared to the consensus estimate of $237.90 million. Macerich had a net margin of 14.71% and a return on equity of 3.91%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. equities research analysts predict that Macerich Co will post 3.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 21st will be issued a $0.74 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $2.96 dividend on an annualized basis and a yield of 4.88%. Macerich’s dividend payout ratio is currently 290.20%.

Several research firms have weighed in on MAC. Mizuho set a $63.00 price target on shares of Macerich and gave the stock a “hold” rating in a research report on Friday. Boenning Scattergood restated a “buy” rating and set a $75.00 price objective on shares of Macerich in a research report on Wednesday, February 7th. Morgan Stanley restated a “hold” rating on shares of Macerich in a research report on Tuesday, February 6th. Citigroup decreased their price objective on shares of Macerich from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Finally, Barclays decreased their price objective on shares of Macerich from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.26.

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Macerich 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.

Institutional Ownership by Quarter for Macerich (NYSE:MAC)

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