SG Americas Securities LLC Acquires 170,477 Shares of Macerich Company (The) $MAC

SG Americas Securities LLC increased its stake in Macerich Company (The) (NYSE:MAC) by 1,110.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 185,832 shares of the real estate investment trust’s stock after buying an additional 170,477 shares during the period. SG Americas Securities LLC owned 0.07% of Macerich worth $3,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in shares of Macerich by 47.7% during the second quarter. Fifth Third Bancorp now owns 3,011 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 972 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Macerich by 14.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,371 shares of the real estate investment trust’s stock valued at $98,000 after acquiring an additional 691 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Macerich by 16.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,205 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 858 shares during the period. Quadrature Capital Ltd bought a new position in Macerich in the 2nd quarter worth $191,000. Finally, Inspire Advisors LLC grew its holdings in Macerich by 14.4% during the second quarter. Inspire Advisors LLC now owns 11,858 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 1,489 shares during the period. 87.38% of the stock is owned by hedge funds and other institutional investors.

Macerich Trading Down 1.1%

Shares of MAC opened at $18.11 on Tuesday. The firm has a market cap of $4.64 billion, a P/E ratio of -11.39, a price-to-earnings-growth ratio of 3.53 and a beta of 2.06. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.03 and a quick ratio of 1.03. Macerich Company has a 1 year low of $12.48 and a 1 year high of $21.12. The company has a 50 day simple moving average of $17.88 and a two-hundred day simple moving average of $17.52.

Macerich (NYSE:MAC) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company had revenue of $253.26 million during the quarter, compared to analysts’ expectations of $246.77 million. Macerich had a negative return on equity of 14.21% and a negative net margin of 37.97%.Macerich’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. On average, equities analysts expect that Macerich Company will post 1.55 earnings per share for the current fiscal year.

Macerich Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, December 15th. Macerich’s dividend payout ratio is -42.77%.

Wall Street Analysts Forecast Growth

MAC has been the topic of several recent research reports. Bank of America raised Macerich from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $23.00 in a research note on Friday, September 26th. Jefferies Financial Group restated a “buy” rating and set a $21.00 target price on shares of Macerich in a research note on Monday, December 15th. Mizuho set a $21.00 price target on shares of Macerich in a research report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Macerich in a research note on Wednesday, October 8th. Finally, Scotiabank lifted their target price on shares of Macerich from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.67.

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.