Twelve Points Wealth Management LLC Lowers Stock Position in The Macerich Company (NYSE:MAC)

Twelve Points Wealth Management LLC cut its position in shares of The Macerich Company (NYSE:MAC) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,598 shares of the real estate investment trust’s stock after selling 508 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Macerich were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Macerich by 152.2% in the 3rd quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 933 shares during the last quarter. GAMMA Investing LLC grew its stake in Macerich by 40.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,214 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 933 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Macerich during the 2nd quarter worth $129,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Macerich by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,374 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 2,161 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Macerich by 10.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,500 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,132 shares during the last quarter. 87.38% of the stock is owned by institutional investors.

Macerich Stock Down 0.6 %

Shares of NYSE:MAC opened at $20.46 on Thursday. The firm has a fifty day moving average price of $20.49 and a two-hundred day moving average price of $18.20. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 0.69 and a beta of 2.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.92 and a quick ratio of 0.92. The Macerich Company has a one year low of $12.99 and a one year high of $22.27.

Macerich (NYSE:MAC) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.90). The business had revenue of $220.20 million for the quarter, compared to the consensus estimate of $208.54 million. Macerich had a net margin of 8.98% and a return on equity of 3.15%. Macerich’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. Analysts anticipate that The Macerich Company will post 1.55 EPS for the current fiscal year.

Insider Transactions at Macerich

In other news, Director Andrea M. Stephen sold 63,289 shares of Macerich stock in a transaction on Thursday, December 26th. The shares were 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 of the company’s stock, valued at approximately $1,718,832.61. The trade was a 43.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on MAC shares. Mizuho raised shares of Macerich from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $14.00 to $22.00 in a research report on Wednesday, December 4th. Compass Point upped their price objective on Macerich from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com lowered Macerich from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Macerich in a research note on Tuesday, December 17th. They set a “hold” rating and a $22.00 price target for the company. Finally, Morgan Stanley upgraded Macerich from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock in a research note on Wednesday, January 15th. Three investment 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.com, the company has a consensus rating of “Hold” and an average target price of $19.30.

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.