Macerich Co (MAC) : Pensionfund Dsm Netherlands reduced its stake in Macerich Co by 26.56% during the most recent quarter end. The investment management company now holds a total of 23,507 shares of Macerich Co which is valued at $1,787,707 after selling 8,500 shares in Macerich Co , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Macerich Co makes up approximately 0.25% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in MAC by selling 842 shares or 57.36% in the most recent quarter. The Hedge Fund company now holds 626 shares of MAC which is valued at $48,014.Oregon Public Employees Retirement Fund reduced its stake in MAC by selling 5,454 shares or 29.43% in the most recent quarter. The Hedge Fund company now holds 13,078 shares of MAC which is valued at $1,003,083. Macerich Co makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MAC by selling 9,948 shares or 29.39% in the most recent quarter. The Hedge Fund company now holds 23,902 shares of MAC which is valued at $1,823,723. Macerich Co makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Independent Portfolio Consultants sold out all of its stake in MAC during the most recent quarter. The investment firm sold 530 shares of MAC which is valued $40,439.
Macerich Co closed down -0.65 points or -0.85% at $76.05 with 5,46,684 shares getting traded on Tuesday. Post opening the session at $76.45, the shares hit an intraday low of $75.9 and an intraday high of $76.95 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Macerich Co reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.98. The company had revenue of $259.90 million for the quarter, compared to analysts expectations of $248.81 million. The company’s revenue was down -19.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.90 EPS.
Many Wall Street Analysts have commented on Macerich Co. Company shares were Reiterated by Canaccord Genuity on Aug 16, 2016 to “Hold”, Firm has raised the Price Target to $ 84 from a previous price target of $80 .
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.