Natixis Advisors L.P. Has $1.40 Million Position in The Macerich Company (NYSE:MAC)

Natixis Advisors L.P. lessened its stake in shares of The Macerich Company (NYSE:MACFree Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,554 shares of the real estate investment trust’s stock after selling 4,846 shares during the period. Natixis Advisors L.P.’s holdings in Macerich were worth $1,397,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Macerich by 152.4% during the 4th quarter. Signaturefd LLC now owns 2,166 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,308 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Macerich during the 3rd quarter valued at $36,000. Anchor Investment Management LLC acquired a new position in shares of Macerich during the 4th quarter valued at $40,000. GAMMA Investing LLC acquired a new position in shares of Macerich during the 4th quarter valued at $90,000. Finally, Advisor Partners II LLC lifted its position in shares of Macerich by 32.8% during the 3rd quarter. Advisor Partners II LLC now owns 13,547 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 3,346 shares during the period. Institutional investors and hedge funds own 87.38% of the company’s stock.

Macerich Stock Performance

Shares of MAC stock opened at $15.92 on Thursday. The firm has a 50-day moving average of $15.92 and a 200-day moving average of $14.96. The company has a market cap of $3.43 billion, a P/E ratio of -10.21, a P/E/G ratio of 1.78 and a beta of 2.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.03 and a quick ratio of 1.03. The Macerich Company has a one year low of $9.05 and a one year high of $17.69.

Macerich Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.68 annualized dividend and a yield of 4.27%. Macerich’s payout ratio is currently -43.59%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAC. Compass Point lowered their price objective on shares of Macerich from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Piper Sandler downgraded shares of Macerich from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $17.00 to $11.00 in a report on Wednesday, May 1st. Mizuho lowered their price objective on shares of Macerich from $17.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, May 1st. Truist Financial restated a “hold” rating and set a $16.00 price objective on shares of Macerich in a report on Monday, March 25th. Finally, Citigroup upgraded shares of Macerich from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $8.00 to $17.00 in a report on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Macerich presently has a consensus rating of “Hold” and an average target price of $14.83.

Read Our Latest Report on MAC

Insider Activity at Macerich

In related news, EVP Kenneth Volk purchased 5,000 shares of Macerich stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $15.40 per share, for a total transaction of $77,000.00. Following the completion of the transaction, the executive vice president now owns 51,924 shares in the company, valued at $799,629.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Kenneth Volk purchased 5,000 shares of Macerich stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $15.40 per share, for a total transaction of $77,000.00. Following the completion of the transaction, the executive vice president now owns 51,924 shares in the company, valued at $799,629.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jackson Hsieh bought 140,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $14.26 per share, with a total value of $1,996,400.00. Following the transaction, the chief executive officer now directly owns 170,500 shares of the company’s stock, valued at $2,431,330. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 163,365 shares of company stock worth $2,358,681 and sold 172,964 shares worth $2,940,030. 0.53% of the stock is owned by company insiders.

Macerich Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Macerich (NYSE:MAC)

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