California State Teachers Retirement System Acquires 64,481 Shares of Macerich Company (The) $MAC

California State Teachers Retirement System lifted its holdings in shares of Macerich Company (The) (NYSE:MAC - Free Report) by 26.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,320 shares of the real estate investment trust's stock after purchasing an additional 64,481 shares during the quarter. California State Teachers Retirement System owned 0.12% of Macerich worth $5,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Macerich by 2.4% in the 2nd quarter. State Street Corp now owns 15,162,075 shares of the real estate investment trust's stock valued at $245,322,000 after acquiring an additional 351,907 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Macerich by 17.7% in the fourth quarter. JPMorgan Chase & Co. now owns 13,555,892 shares of the real estate investment trust's stock worth $250,242,000 after purchasing an additional 2,034,338 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Macerich by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 6,608,318 shares of the real estate investment trust's stock valued at $122,008,000 after purchasing an additional 70,132 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of Macerich by 149.6% in the 4th quarter. Centersquare Investment Management LLC now owns 6,354,661 shares of the real estate investment trust's stock valued at $117,307,000 after purchasing an additional 3,808,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Macerich by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,039,561 shares of the real estate investment trust's stock valued at $93,030,000 after purchasing an additional 123,769 shares during the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MAC shares. Compass Point restated a "neutral" rating and set a $26.00 price objective (up from $23.00) on shares of Macerich in a research report on Friday, June 26th. Weiss Ratings cut Macerich from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised Macerich from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $23.00 to $25.00 in a research note on Wednesday, June 17th. Mizuho set a $28.00 target price on shares of Macerich in a report on Wednesday. Finally, KeyCorp raised their price target on shares of Macerich from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.67.

Key Macerich News

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Macerich reported second-quarter funds from operations and revenue ahead of analyst expectations, supported by stronger portfolio net operating income, higher occupancy, improving tenant demand and lower expenses. Macerich's Q2 FFO & Revenues Beat Estimates on Strong Portfolio NOI
• Positive Sentiment: Management expects at least 3% growth in 2026 go-forward NOI, indicating continued confidence in the mall portfolio’s operating momentum. The company also plans $300 million to $400 million of additional dispositions by year-end, which could support liquidity and debt reduction. Macerich expects at least 3% 2026 go-forward NOI growth
• Positive Sentiment: The REIT declared a quarterly dividend of $0.17 per share, maintaining an income component for shareholders. The dividend is payable September 28 to holders of record September 14.
• Neutral Sentiment: Second-quarter results showed a narrower loss, with revenue of approximately $249.7 million exceeding estimates, although reported EPS remained below consensus. Mall Giant Macerich Narrows Losses in Q2 Amid Stronger Leasing
• Negative Sentiment: Macerich announced a proposed offering of exchangeable senior notes through its operating partnership. The debt issuance raises concerns about higher leverage and possible future share dilution, making it the most immediate pressure on the stock. Macerich Announces Proposed Offering of Exchangeable Senior Notes
• Negative Sentiment: The company also updated its shelf registration and expanded the syndicate for its at-the-market program, increasing its ability to issue securities. Investors may view that financing flexibility as a potential source of dilution. Macerich Updates Shelf Registration and Expands ATM Program

Macerich Stock Performance

Shares of MAC stock opened at $23.63 on Friday. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of -36.36, a PEG ratio of 1.79 and a beta of 2.07. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 1.67. The business's 50-day moving average price is $24.81 and its 200-day moving average price is $21.78. Macerich Company has a 12 month low of $16.03 and a 12 month high of $26.67.

Macerich (NYSE:MAC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). Macerich had a negative net margin of 16.85% and a negative return on equity of 6.26%. The business had revenue of $249.71 million during the quarter, compared to the consensus estimate of $239.77 million. During the same quarter last year, the business earned $0.33 EPS. The firm's quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Macerich Company will post 1.49 EPS for the current year.

Macerich Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, September 14th. Macerich's dividend payout ratio is presently -104.62%.

About Macerich

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.

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