Camelot Portfolios LLC Has $663,000 Stock Position in The Macerich Company (NYSE:MAC)

Camelot Portfolios LLC reduced its stake in shares of The Macerich Company (NYSE:MAC) by 7.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,300 shares of the real estate investment trust’s stock after selling 2,535 shares during the period. Camelot Portfolios LLC’s holdings in Macerich were worth $663,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in Macerich by 32.3% in the 3rd quarter. Citigroup Inc. now owns 359,069 shares of the real estate investment trust’s stock worth $6,549,000 after purchasing an additional 87,611 shares during the period. Quest Partners LLC boosted its position in shares of Macerich by 851.9% during the third quarter. Quest Partners LLC now owns 30,529 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 27,322 shares during the period. Bamco Inc. NY grew its holdings in shares of 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. Smead Capital Management Inc. grew its holdings in shares of Macerich by 3.5% during the third quarter. Smead Capital Management Inc. now owns 20,433,449 shares of the real estate investment trust’s stock worth $372,706,000 after buying an additional 688,790 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Macerich in the 4th quarter valued at approximately $771,000. Institutional investors own 87.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andrea M. Stephen sold 63,289 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 83,479 shares of the company’s stock, valued at approximately $1,718,832.61. The trade was a 43.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

Macerich Stock Down 2.5 %

MAC opened at $19.86 on Friday. 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 stock’s fifty day simple moving average is $20.31 and its 200 day simple moving average is $18.74. The Macerich Company has a 1-year low of $12.99 and a 1-year high of $22.27. The stock has a market cap of $4.93 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 0.72 and a beta of 2.50.

Macerich Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.68 annualized dividend and a yield of 3.42%. Macerich’s dividend payout ratio is currently 174.36%.

Analyst Ratings Changes

MAC has been the subject of several research reports. Morgan Stanley raised 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 note on Wednesday, January 15th. Mizuho raised shares of Macerich from an “underperform” rating to a “neutral” rating and raised their target price for the company from $14.00 to $22.00 in a research report on Wednesday, December 4th. StockNews.com downgraded shares of Macerich from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Piper Sandler lifted their target price on Macerich from $14.00 to $17.00 and gave the company an “underweight” rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Macerich in a research report on Tuesday, December 17th. They set a “hold” rating and a $22.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.30.

About Macerich

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.