Sei Investments Co. Raises Stock Holdings in The Macerich Company (NYSE:MAC)

Sei Investments Co. raised its position in shares of The Macerich Company (NYSE:MAC) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 828,498 shares of the real estate investment trust’s stock after buying an additional 180,293 shares during the period. Sei Investments Co. owned about 0.33% of Macerich worth $16,504,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MAC. FMR LLC boosted its holdings in shares of Macerich by 12,475.9% during the third quarter. FMR LLC now owns 11,772,891 shares of the real estate investment trust’s stock worth $214,738,000 after purchasing an additional 11,679,276 shares during the period. Bamco Inc. NY raised its position in Macerich by 742.3% during the 3rd quarter. Bamco Inc. NY now owns 1,695,420 shares of the real estate investment trust’s stock valued at $30,924,000 after purchasing an additional 1,494,145 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Macerich by 399.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,546,373 shares of the real estate investment trust’s stock worth $28,206,000 after buying an additional 1,236,983 shares during the period. Burkehill Global Management LP bought a new stake in shares of Macerich in the 4th quarter worth approximately $19,920,000. Finally, Brookfield Corp ON purchased a new position in shares of Macerich during the third quarter valued at approximately $9,217,000. Institutional investors own 87.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MAC. Jefferies Financial Group raised Macerich from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.00 to $23.00 in a research note on Thursday, January 2nd. Piper Sandler dropped their target price on shares of Macerich from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price target on shares of Macerich from $16.70 to $14.40 and set a “sell” rating on the stock in a research report on Monday, March 10th. 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. Finally, Morgan Stanley raised Macerich from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.49.

Macerich Stock Down 1.1 %

MAC stock opened at $17.10 on Friday. The business has a 50 day moving average of $19.04 and a 200 day moving average of $19.15. The firm has a market cap of $4.32 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 0.71 and a beta of 2.62. The Macerich Company has a twelve month low of $12.99 and a twelve month high of $22.27. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.68.

Macerich Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.98%. Macerich’s payout ratio is presently -86.08%.

Macerich Company 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.