Lodestone Wealth Management LLC Has $3.03 Million Stake in The Macerich Company (NYSE:MAC)

Lodestone Wealth Management LLC decreased its position in The Macerich Company (NYSE:MAC) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,890 shares of the real estate investment trust’s stock after selling 2,192 shares during the quarter. Macerich accounts for approximately 1.5% of Lodestone Wealth Management LLC’s holdings, making the stock its 20th largest holding. Lodestone Wealth Management LLC owned 0.06% of Macerich worth $3,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Macerich by 152.2% in the third quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 933 shares during the last quarter. GAMMA Investing LLC grew its holdings in Macerich by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 4,388 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 1,174 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Macerich by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,374 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 2,161 shares during the period. Custom Index Systems LLC grew its holdings in Macerich by 8.7% during the fourth quarter. Custom Index Systems LLC now owns 11,630 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 928 shares during the period. Finally, KBC Group NV grew its holdings in Macerich by 92.1% during the fourth quarter. KBC Group NV now owns 11,814 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 5,664 shares during the period. Institutional investors and hedge funds own 87.38% of the company’s stock.

Wall Street Analyst Weigh In

MAC has been the subject of a number of research analyst reports. Compass Point lifted their price target on Macerich from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Morgan Stanley upgraded Macerich from an “underweight” rating to an “equal weight” rating and set a $20.00 price target for the company in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft assumed coverage on Macerich in a report on Tuesday, December 17th. They set a “hold” rating and a $22.00 price target for the company. Jefferies Financial Group upgraded Macerich from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $23.00 in a report on Thursday, January 2nd. Finally, Mizuho upgraded Macerich from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $14.00 to $22.00 in a report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Macerich has a consensus rating of “Hold” and a consensus target price of $19.30.

Macerich Trading Down 1.4 %

Shares of MAC stock opened at $20.51 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. The stock has a market cap of $5.10 billion, a P/E ratio of 52.58, a price-to-earnings-growth ratio of 0.72 and a beta of 2.50. The stock has a 50 day simple moving average of $20.41 and a 200 day simple moving average of $18.56. The Macerich Company has a 1 year low of $12.99 and a 1 year high of $22.27.

Macerich Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.32%. Macerich’s dividend payout ratio (DPR) is currently 174.36%.

Insider Buying and Selling at Macerich

In other news, Director Andrea M. Stephen sold 63,289 shares of the stock in a transaction dated 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 transaction, the director now owns 83,479 shares of the company’s stock, valued at $1,718,832.61. This represents a 43.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company’s stock.

Macerich 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.