Stifel Financial Corp Has $422,000 Stock Holdings in The Macerich Company (NYSE:MAC)

Stifel Financial Corp decreased its stake in shares of The Macerich Company (NYSE:MAC) by 65.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,145 shares of the real estate investment trust’s stock after selling 44,405 shares during the period. Stifel Financial Corp’s holdings in Macerich were worth $422,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Macerich by 152.2% during the third quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 933 shares during the period. Quest Partners LLC acquired a new stake in Macerich during the 2nd quarter worth approximately $50,000. GAMMA Investing LLC boosted 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 Macerich in the 2nd quarter valued at $129,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 valued at $150,000 after buying an additional 2,161 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their target price on Macerich from $13.00 to $14.60 and gave the stock a “sell” rating in a report on Thursday, September 19th. StockNews.com downgraded shares of Macerich from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Scotiabank upgraded shares of Macerich from a “sector underperform” rating to a “sector perform” rating and set a $22.00 target price on the stock in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Macerich in a research report on Tuesday, December 17th. They issued a “hold” rating and a $22.00 price target for the company. Finally, Mizuho raised Macerich from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $14.00 to $22.00 in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.86.

Macerich Price Performance

Macerich stock opened at $20.14 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.92 and a current ratio of 0.92. The Macerich Company has a 52 week low of $12.99 and a 52 week high of $22.27. The stock has a market capitalization of $5.01 billion, a P/E ratio of 51.64, a price-to-earnings-growth ratio of 0.75 and a beta of 2.51. The stock has a fifty day moving average of $19.94 and a 200-day moving average of $17.31.

Macerich (NYSE:MAC) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.50) 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 analyst estimates of $208.54 million. Macerich had a return on equity of 3.15% and a net margin of 8.98%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. On average, sell-side analysts expect that The Macerich Company will post 1.56 earnings per share for the current fiscal year.

Macerich Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.38%. Macerich’s payout ratio is presently 174.36%.

About Macerich

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.