Xponance Inc. Increases Stock Holdings in The Macerich Company (NYSE:MAC)

Xponance Inc. boosted its stake in The Macerich Company (NYSE:MAC) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,660 shares of the real estate investment trust’s stock after acquiring an additional 3,356 shares during the quarter. Xponance Inc.’s holdings in Macerich were worth $352,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Macerich by 68.8% in the fourth quarter. Blue Trust Inc. now owns 2,610 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,064 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Macerich by 314.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,467 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 2,630 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Macerich by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 4,388 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 1,174 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Macerich during the fourth quarter valued at about $99,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Macerich during the fourth quarter worth about $212,000. Institutional investors and hedge funds own 87.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Macerich from $16.70 to $14.40 and set a “sell” rating for the company in a report on Monday, March 10th. Scotiabank decreased their price target on shares of Macerich from $22.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Macerich in a research note on Tuesday, December 17th. They issued a “hold” rating and a $22.00 price target for the company. Jefferies Financial Group upgraded shares of Macerich from a “hold” rating to a “buy” rating and increased their price objective for the company from $19.00 to $23.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley raised shares of Macerich from an “underweight” rating to an “equal weight” rating and set a $20.00 target price for the company in a research report on Wednesday, January 15th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.49.

Macerich Price Performance

MAC opened at $17.32 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68. The company’s 50-day moving average price is $19.09 and its 200 day moving average price is $19.14. The Macerich Company has a fifty-two week low of $12.99 and a fifty-two week high of $22.27. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 0.71 and a beta of 2.62.

Macerich Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Tuesday, March 4th. Macerich’s dividend payout ratio (DPR) is -86.08%.

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.