Macerich Co (MAC) : Hbk Investments L P scooped up 295,100 additional shares in Macerich Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 469,600 shares of Macerich Co which is valued at $39,671,808.Macerich Co makes up approximately 0.81% of Hbk Investments L P’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in MAC in the latest quarter, The investment management firm added 41,641 additional shares and now holds a total of 54,843 shares of Macerich Co which is valued at $4,633,137. Macerich Co makes up approx 0.25% of Cubist Systematic Strategies’s portfolio.Aperio Group reduced its stake in MAC by selling 3,544 shares or 7.02% in the most recent quarter. The Hedge Fund company now holds 46,956 shares of MAC which is valued at $3,966,843. Macerich Co makes up approx 0.03% of Aperio Group’s portfolio. State Of New Jersey Common Pension Fund D added MAC to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $433,500. Quantbot Technologies Lp sold out all of its stake in MAC during the most recent quarter. The investment firm sold 5,767 shares of MAC which is valued $499,999.Public Employees Retirement Association Of Colorado reduced its stake in MAC by selling 5,823 shares or 17.01% in the most recent quarter. The Hedge Fund company now holds 28,416 shares of MAC which is valued at $2,535,844. Macerich Co makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.
Macerich Co closed down -0.41 points or -0.50% at $81.48 with 6,10,048 shares getting traded on Thursday. Post opening the session at $81.96, the shares hit an intraday low of $81.22 and an intraday high of $82.07 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.