Camelot Portfolios LLC Has $547,000 Stock Holdings in Macerich Company (The) $MAC

Camelot Portfolios LLC lessened its position in Macerich Company (The) (NYSE:MAC) by 25.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,778 shares of the real estate investment trust’s stock after selling 11,361 shares during the period. Camelot Portfolios LLC’s holdings in Macerich were worth $547,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Macerich by 2.2% during the 1st quarter. AQR Capital Management LLC now owns 37,808 shares of the real estate investment trust’s stock worth $640,000 after purchasing an additional 813 shares during the last quarter. Assetmark Inc. increased its stake in shares of Macerich by 4.5% in the 1st quarter. Assetmark Inc. now owns 19,537 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 839 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Macerich by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 36,060 shares of the real estate investment trust’s stock valued at $619,000 after purchasing an additional 860 shares during the period. Signaturefd LLC grew its position in shares of Macerich by 34.9% in the 1st quarter. Signaturefd LLC now owns 3,329 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 862 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Macerich by 47.7% in the 2nd quarter. Fifth Third Bancorp now owns 3,011 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 972 shares during the period. 87.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MAC shares. Wall Street Zen downgraded Macerich from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Scotiabank increased their price objective on Macerich from $16.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Evercore ISI increased their price objective on Macerich from $18.00 to $20.00 and gave the company an “in-line” rating in a report on Monday, September 15th. LADENBURG THALM/SH SH began coverage on Macerich in a report on Friday, July 18th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Mizuho upgraded Macerich from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $22.00 to $18.00 in a research note on Tuesday, June 10th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.11.

Macerich Price Performance

Shares of MAC opened at $17.86 on Friday. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of -10.20, a price-to-earnings-growth ratio of 3.46 and a beta of 2.27. The business has a 50-day moving average of $17.56 and a 200-day moving average of $16.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.76 and a quick ratio of 0.76. Macerich Company has a 1 year low of $12.48 and a 1 year high of $22.27.

Macerich (NYSE:MAC) last released its quarterly earnings data on Monday, August 11th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $249.79 million for the quarter, compared to the consensus estimate of $245.19 million. Macerich had a negative net margin of 41.33% and a negative return on equity of 15.15%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, equities research analysts anticipate that Macerich Company will post 1.55 earnings per share for the current year.

Macerich Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 9th were paid a $0.17 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $0.68 annualized dividend and a dividend yield of 3.8%. Macerich’s payout ratio is presently -38.86%.

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.