Macerich Co (MAC) : Quadrature Capital Ltd added new position in Macerich Co during the most recent quarter end. The investment management firm now holds 181,628 shares of Macerich Co which is valued at $13.6 Million , the company said in a statement filed on May 13, 2016 with the SEC.Macerich Co makes up approximately 1.88% of Quadrature Capital Ltd’s portfolio.
Other Hedge Funds, Including , Davis Selected Advisers sold out all of its stake in MAC during the most recent quarter. The investment firm sold 189,751 shares of MAC which is valued $14.2 Million.Diam Ltd. reduced its stake in MAC by selling 137,350 shares or 29.45% in the most recent quarter. The Hedge Fund company now holds 328,984 shares of MAC which is valued at $26.4 Million. Macerich Co makes up approx 0.38% of Diam Ltd.’s portfolio. Thompson Davis sold out all of its stake in MAC during the most recent quarter. The investment firm sold 100 shares of MAC which is valued $8,015. Capital Fund Management S.a. sold out all of its stake in MAC during the most recent quarter. The investment firm sold 10,700 shares of MAC which is valued $857,605.
Macerich Co closed down -0.19 points or -0.25% at $75.41 with 11,06,624 shares getting traded on Wednesday. Post opening the session at $75.52, the shares hit an intraday low of $74.65 and an intraday high of $75.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Macerich Co reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.86. The company had revenue of $256.00 million for the quarter, compared to analysts expectations of $269.52 million. The company’s revenue was down -19.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.
Many Wall Street Analysts have commented on Macerich Co. Company shares were Upgraded by RBC Capital Mkts on May 6, 2016 to ” Outperform”, Firm has raised the Price Target to $ 87 from a previous price target of $82 .Mizuho Initiated Macerich Co on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $88.Macerich Co was Downgraded by BofA/Merrill to ” Neutral” on Mar 28, 2016.
The Macerich Company is a self-managed and self-administered real estate investment trust (REIT). The Company is engaged in the acquisition ownership development redevelopment management and leasing of regional and community/power shopping centers located throughout the United States. The Company through its partnership and ownership interests in the Macerich Partnership L.P. has an ownership interest in 51 regional shopping centers and eight community/power shopping centers. These 59 regional and community/power shopping centers (which include any related office space) consist of approximately 55 million square feet of gross leasable area (GLA). The Centers primarily included 194 Anchors totaling approximately 28 million square feet of GLA and approximately 6000 Mall Stores and Freestanding Stores totaling approximately 26 million square feet of GLA.