370,450 Shares in The Macerich Company (NYSE:MAC) Bought by B&I Capital AG

B&I Capital AG purchased a new stake in The Macerich Company (NYSE:MAC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 370,450 shares of the real estate investment trust’s stock, valued at approximately $7,379,000. Macerich comprises 2.4% of B&I Capital AG’s holdings, making the stock its 20th largest holding. B&I Capital AG owned 0.15% of Macerich at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Macerich by 314.2% during 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 during the period. Hanover Advisors Inc. bought a new position in shares of Macerich during the fourth quarter valued at $314,000. Aew Capital Management L P raised its stake in shares of Macerich by 26.4% during the fourth quarter. Aew Capital Management L P now owns 2,170,006 shares of the real estate investment trust’s stock valued at $43,227,000 after acquiring an additional 453,180 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Macerich by 21.7% during the fourth quarter. Metis Global Partners LLC now owns 27,061 shares of the real estate investment trust’s stock valued at $539,000 after acquiring an additional 4,819 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Macerich by 10.0% during the fourth quarter. Fisher Asset Management LLC now owns 3,295,553 shares of the real estate investment trust’s stock worth $65,647,000 after buying an additional 299,812 shares during the period. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Macerich

In other news, Director Andrea M. Stephen sold 63,289 shares of Macerich stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $20.59, for a total transaction of $1,303,120.51. Following the completion of the sale, the director now directly owns 83,479 shares in the company, valued at approximately $1,718,832.61. This trade represents a 43.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Macerich from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded shares of Macerich from a “hold” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $23.00 in a research note on Thursday, January 2nd. Mizuho raised shares of Macerich from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $14.00 to $22.00 in a research note on Wednesday, December 4th. Compass Point upped their price target on shares of Macerich from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Scotiabank upgraded shares of Macerich from a “sector underperform” rating to a “sector perform” rating and set a $22.00 price target for the company in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.22.

Macerich Price Performance

Shares of NYSE:MAC opened at $18.04 on Monday. The firm’s 50 day moving average price is $20.17 and its 200-day moving average price is $18.95. 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. The stock has a market capitalization of $4.48 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 0.71 and a beta of 2.50.

Macerich Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, March 4th. Macerich’s dividend payout ratio (DPR) is currently -86.08%.

About Macerich

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.