Yousif Capital Administration LLC trimmed its place in shares of The Macerich Agency (NYSE:MAC – Get Rating) by 8.9% in the midst of the third quarter, based mostly on the company in its most modern submitting with the SEC. The institutional investor owned 115,509 shares of the particular property funding perception’s stock after selling 11,246 shares in the midst of the interval. Yousif Capital Administration LLC owned 0.05% of Macerich worth $917,000 on the end of the most recent reporting interval.
Numerous completely different institutional merchants and hedge funds have moreover these days added to or decreased their stakes in MAC. Point72 Hong Kong Ltd purchased a model new place in Macerich in the midst of the 2nd quarter worth roughly $29,000. Wipfli Financial Advisors LLC purchased a model new place in Macerich in the midst of the third quarter worth roughly $55,000. Caption Administration LLC acquired a model new stake in shares of Macerich in the midst of the 2nd quarter valued at $61,000. Neo Ivy Capital Administration acquired a model new stake in shares of Macerich in the midst of the 2nd quarter valued at $70,000. Lastly, Panorama Capital Administration L.L.C. acquired a model new stake in shares of Macerich in the midst of the third quarter valued at $81,000. 80.81% of the stock is at current owned by hedge funds and completely different institutional merchants.
Insiders Place Their Bets
In numerous info, CAO Christopher J. Zecchini supplied 2,000 shares of the enterprise’s stock in a transaction dated Tuesday, November twenty ninth. The shares had been supplied at a imply value of $12.65, for an entire transaction of $25,300.00. Following the transaction, the chief accounting officer now owns 7,458 shares inside the agency, valued at roughly $94,343.70. The transaction was disclosed in a approved submitting with the SEC, which is accessible by way of the SEC site. Agency insiders private 1.77% of the company’s stock.
Macerich Stock Down 1.4 %
Macerich stock opened at $13.75 on Tuesday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -35.26, a P/E/G ratio of two.79 and a beta of two.11. The company has a debt-to-equity ratio of 1.46, a gift ratio of 0.90 and a quick ratio of 0.90. The Macerich Agency has a fifty-two week low of $7.40 and a fifty-two week extreme of $17.60. The company has a fifty day transferring frequent value of $12.34 and a two-hundred day transferring frequent value of $11.01.
Macerich Broadcasts Dividend
The company moreover these days launched a quarterly dividend, which is able to probably be paid on Friday, March third. Shareholders of file on Friday, February seventeenth will probably be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Thursday, February sixteenth. Macerich’s dividend payout ratio is -174.36%.
Analysts Set New Worth Targets
Quite a few equities evaluation analysts have issued opinions on the stock. Mizuho lifted their objective value on shares of Macerich from $10.00 to $11.00 in a evaluation discover on Friday, December 2nd. Piper Sandler lifted their value objective on shares of Macerich to $9.00 in a evaluation discover on Wednesday, November sixteenth. Deutsche Monetary establishment Aktiengesellschaft lifted their value objective on shares of Macerich from $13.00 to $16.00 in a evaluation discover on Monday, December fifth. TheStreet raised shares of Macerich from a “d+” rating to a “c-” rating in a evaluation discover on Thursday, November seventeenth. Lastly, Truist Financial lifted their value objective on shares of Macerich from $13.00 to $15.00 in a evaluation discover on Friday, December sixteenth. Six funding analysts have rated the stock with a promote rating, three have given a keep rating and two have given a purchase order rating to the stock. Based on data from MarketBeat.com, the stock presently has a imply rating of “Keep” and a imply value objective of $12.65.
Macerich Agency Profile
Macerich Co operates as an precise property funding perception, which engages inside the acquisition, possession, development, redevelopment, administration and leasing of regional and group shopping for amenities positioned all by means of america. It conducts all of its operations by way of the working partnership and the administration companies.
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