Raiffeisen Bank International AG Buys Shares of 4,187 The Macerich Company (NYSE:MAC)

Raiffeisen Bank International AG bought a new stake in shares of The Macerich Company (NYSE:MAC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,187 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Several other large investors have also recently bought and sold shares of MAC. Quantbot Technologies LP acquired a new position in shares of Macerich in the 4th quarter worth approximately $30,000. Lazard Asset Management LLC acquired a new position in shares of Macerich in the 4th quarter worth approximately $45,000. Blue Trust Inc. grew its stake in shares of Macerich by 68.8% in the 4th quarter. Blue Trust Inc. now owns 2,610 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,064 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 2,630 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Macerich in the 4th quarter worth approximately $99,000. Institutional investors and hedge funds own 87.38% of the company’s stock.

Macerich Stock Performance

MAC stock opened at $16.05 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $4.06 billion, a P/E ratio of 41.16, a P/E/G ratio of 0.71 and a beta of 2.13. The firm has a 50 day simple moving average of $15.53 and a 200 day simple moving average of $18.44. The Macerich Company has a 52 week low of $12.48 and a 52 week high of $22.27.

Macerich (NYSE:MAC) last posted its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $249.22 million during the quarter, compared to analysts’ expectations of $221.61 million. Macerich had a net margin of 8.98% and a return on equity of 3.15%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. Research analysts anticipate that The Macerich Company will post 1.55 earnings per share for the current fiscal year.

Macerich Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Tuesday, June 3rd. Macerich’s dividend payout ratio (DPR) is presently -158.14%.

Wall Street Analysts Forecast Growth

MAC has been the topic of several recent research reports. Truist Financial raised shares of Macerich from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, April 10th. Morgan Stanley dropped their target price on shares of Macerich from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Scotiabank dropped their target price on shares of Macerich from $21.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of Macerich from $22.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Finally, Piper Sandler dropped their target price on shares of Macerich from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Macerich presently has a consensus rating of “Hold” and a consensus target price of $18.95.

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.