Janus Henderson Group PLC Sells 674,005 Shares of The Macerich Company (NYSE:MAC)

Janus Henderson Group PLC lessened its holdings in shares of The Macerich Company (NYSE:MAC - Free Report) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,276,219 shares of the real estate investment trust's stock after selling 674,005 shares during the period. Janus Henderson Group PLC owned approximately 0.92% of Macerich worth $45,364,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MAC. GRS Advisors LLC acquired a new stake in Macerich during the 4th quarter worth approximately $23,097,000. Gotham Asset Management LLC increased its position in shares of Macerich by 8.4% during the fourth quarter. Gotham Asset Management LLC now owns 12,830 shares of the real estate investment trust's stock worth $256,000 after acquiring an additional 997 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Macerich by 63.8% during the fourth quarter. Deutsche Bank AG now owns 926,459 shares of the real estate investment trust's stock worth $18,455,000 after acquiring an additional 360,966 shares during the period. Bamco Inc. NY lifted its position in Macerich by 175.8% in the 4th quarter. Bamco Inc. NY now owns 4,675,471 shares of the real estate investment trust's stock valued at $93,135,000 after acquiring an additional 2,980,051 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Macerich by 8.2% in the 4th quarter. Ameriprise Financial Inc. now owns 3,280,658 shares of the real estate investment trust's stock worth $65,351,000 after purchasing an additional 249,592 shares during the period. Institutional investors own 87.38% of the company's stock.

Analyst Upgrades and Downgrades

MAC has been the topic of several recent research reports. Piper Sandler dropped their price target on Macerich from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. Truist Financial raised shares of Macerich from a "hold" rating to a "buy" rating and set a $19.00 price target for the company in a research note on Thursday, April 10th. Scotiabank reduced their target price on shares of Macerich from $21.00 to $16.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley cut their price target on shares of Macerich from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Macerich from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Macerich currently has an average rating of "Hold" and an average target price of $18.95.

Macerich Price Performance

Shares of NYSE MAC opened at $16.07 on Wednesday. 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 business's 50 day moving average price is $15.56 and its two-hundred day moving average price is $18.50. The company has a market cap of $4.06 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 0.71 and a beta of 2.13. The Macerich Company has a twelve month low of $12.48 and a twelve month high of $22.27.

Macerich (NYSE:MAC - Get Free Report) last posted its earnings results on Monday, May 12th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. Macerich had a return on equity of 3.15% and a net margin of 8.98%. The business had revenue of $249.22 million for the quarter, compared to analyst estimates of $221.61 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm's revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that The Macerich Company will post 1.55 EPS for the current year.

Macerich Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Tuesday, June 3rd. Macerich's payout ratio is -86.08%.

Macerich Company Profile

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.

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