UBS Group AG Has $27.71 Million Position in Macerich Company (The) $MAC

UBS Group AG lowered its holdings in Macerich Company (The) (NYSE:MAC) by 11.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,501,064 shares of the real estate investment trust’s stock after selling 203,490 shares during the period. UBS Group AG’s holdings in Macerich were worth $27,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAC. Royal Bank of Canada raised its position in shares of Macerich by 20.1% during the first quarter. Royal Bank of Canada now owns 77,872 shares of the real estate investment trust’s stock worth $1,338,000 after acquiring an additional 13,018 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Macerich by 2.2% during the first quarter. AQR Capital Management LLC now owns 37,808 shares of the real estate investment trust’s stock worth $640,000 after acquiring an additional 813 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Macerich by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 148,592 shares of the real estate investment trust’s stock worth $2,551,000 after acquiring an additional 13,782 shares during the last quarter. Millennium Management LLC raised its position in shares of Macerich by 376.2% during the first quarter. Millennium Management LLC now owns 906,843 shares of the real estate investment trust’s stock worth $15,570,000 after acquiring an additional 716,394 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Macerich by 12.8% during the first quarter. Empowered Funds LLC now owns 26,361 shares of the real estate investment trust’s stock worth $453,000 after acquiring an additional 2,983 shares during the last quarter. Institutional investors own 87.38% of the company’s stock.

Macerich News Roundup

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Macerich reported Q1 FFO of $0.34 per share and revenue of $241.5 million, both above Wall Street expectations, signaling better-than-expected operating performance. Article Title
• Positive Sentiment: The company said leasing activity improved and occupancy is rising across its go-forward portfolio, with management targeting 88%-89% physical permanent occupancy and at least 3% go-forward NOI growth in 2026. Article Title
• Positive Sentiment: Macerich bought Annapolis Mall and an adjacent parcel for $272 million, a move that adds a major retail asset and may strengthen its long-term portfolio. Article Title
• Neutral Sentiment: Q1 results also showed the company narrowed its loss, which is constructive but still reflects ongoing profitability pressure. Article Title

Analysts Set New Price Targets

MAC has been the subject of a number of recent research reports. Scotiabank upgraded Macerich from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $19.00 to $22.00 in a research report on Monday, March 30th. Citigroup boosted their target price on Macerich from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their target price on Macerich from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 10th. Morgan Stanley set a $20.00 price objective on Macerich in a report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Macerich in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.92.

Macerich Stock Up 2.2%

Shares of Macerich stock opened at $21.85 on Friday. Macerich Company has a 1 year low of $14.82 and a 1 year high of $22.56. The business has a 50-day moving average of $20.18 and a two-hundred day moving average of $18.87. The company has a market capitalization of $5.68 billion, a P/E ratio of -30.77, a price-to-earnings-growth ratio of 1.51 and a beta of 2.12. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.83 and a quick ratio of 1.02.

Macerich (NYSE:MAC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Macerich had a negative return on equity of 6.95% and a negative net margin of 18.22%.The company had revenue of $241.54 million during the quarter, compared to the consensus estimate of $233.06 million. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities analysts predict that Macerich Company will post 1.46 EPS for the current year.

Macerich Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, June 15th. Macerich’s dividend payout ratio is -95.77%.

Macerich Profile

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.