Macerich Company (The) (NYSE:MAC) saw some unusual options trading activity on Wednesday. Stock traders bought 4,803 put options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAC. AEW Capital Management L P grew its position in Macerich Company (The) by 306.7% during the 2nd quarter. AEW Capital Management L P now owns 3,132,200 shares of the real estate investment trust’s stock worth $35,531,000 after acquiring an additional 2,362,121 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Macerich Company (The) by 140.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 898,583 shares of the real estate investment trust’s stock worth $52,172,000 after acquiring an additional 524,100 shares during the last quarter. Russell Investments Group Ltd. grew its position in Macerich Company (The) by 188.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 649,525 shares of the real estate investment trust’s stock worth $37,775,000 after acquiring an additional 424,049 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in Macerich Company (The) during the 2nd quarter worth approximately $22,446,000. Finally, Third Avenue Management LLC grew its position in Macerich Company (The) by 69.3% during the 3rd quarter. Third Avenue Management LLC now owns 847,701 shares of the real estate investment trust’s stock worth $46,599,000 after acquiring an additional 346,900 shares during the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.

Shares of Macerich Company (MAC) opened at $54.39 on Friday. The firm has a market capitalization of $8.41 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80. The company has a current ratio of 0.85, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

Macerich Company (The) (NYSE:MAC) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.86). Macerich Company (The) had a net margin of 14.92% and a return on equity of 3.56%. The company had revenue of $242.50 million during the quarter, compared to the consensus estimate of $226.00 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. equities analysts anticipate that Macerich Company will post 3.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.74 dividend. This is a positive change from Macerich Company (The)’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Thursday, November 9th. Macerich Company (The)’s dividend payout ratio is currently 270.48%.

MAC has been the topic of several recent research reports. KeyCorp reaffirmed a “buy” rating and set a $75.00 target price on shares of Macerich Company (The) in a report on Monday, August 28th. BidaskClub raised shares of Macerich Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Boenning Scattergood set a $75.00 target price on shares of Macerich Company (The) and gave the company a “buy” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $66.00 target price on shares of Macerich Company (The) in a report on Thursday. Finally, Barclays PLC reduced their target price on shares of Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.00.

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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.

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