Legal & General Group Plc Acquires 160,748 Shares of Macerich Company (The) $MAC

Legal & General Group Plc raised its holdings in Macerich Company (The) (NYSE:MAC) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,795,267 shares of the real estate investment trust’s stock after buying an additional 160,748 shares during the period. Legal & General Group Plc’s holdings in Macerich were worth $33,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Centersquare Investment Management LLC lifted its stake in shares of Macerich by 8.9% in the third quarter. Centersquare Investment Management LLC now owns 2,546,325 shares of the real estate investment trust’s stock valued at $46,343,000 after buying an additional 207,395 shares in the last quarter. DigitalBridge Group Inc. bought a new position in shares of Macerich in the third quarter valued at $9,146,000. Triad Investment Management bought a new position in shares of Macerich in the fourth quarter valued at $3,820,000. American Century Companies Inc. lifted its stake in shares of Macerich by 16.1% in the third quarter. American Century Companies Inc. now owns 1,317,513 shares of the real estate investment trust’s stock valued at $23,979,000 after buying an additional 182,291 shares in the last quarter. Finally, APG Asset Management US Inc. lifted its stake in shares of Macerich by 29.7% in the third quarter. APG Asset Management US Inc. now owns 1,351,135 shares of the real estate investment trust’s stock valued at $24,320,000 after buying an additional 309,544 shares in the last quarter. 87.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MAC. The Goldman Sachs Group raised their price objective on shares of Macerich from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, May 15th. KeyCorp set a $25.00 price target on shares of Macerich and gave the company an “overweight” rating in a research report on Monday, February 23rd. Citigroup raised their price target on shares of Macerich from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Mizuho raised their price target on shares of Macerich from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Scotiabank raised their price target on shares of Macerich from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.17.

Macerich Stock Down 1.3%

MAC opened at $22.53 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50-day moving average is $21.03 and its 200 day moving average is $19.38. Macerich Company has a fifty-two week low of $15.48 and a fifty-two week high of $22.92. The firm has a market capitalization of $5.89 billion, a P/E ratio of -31.72, a PEG ratio of 1.53 and a beta of 2.12.

Macerich (NYSE:MAC) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $241.54 million for the quarter, compared to analysts’ expectations of $233.06 million. Macerich had a negative return on equity of 6.95% and a negative net margin of 18.22%.The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Research analysts expect that Macerich Company will post 1.46 earnings per share for the current fiscal year.

Macerich Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.68 annualized dividend and a yield of 3.0%. Macerich’s payout ratio is currently -95.77%.

More Macerich News

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $1.46 from $1.43, matching the current consensus and signaling confidence in Macerich’s near-term earnings power.
• Positive Sentiment: The firm also increased its Q3 2026 estimate to $0.36 from $0.35 and its Q3 2027 estimate to $0.41 from $0.40, while nudging FY2028 up to $1.64 from $1.63.
• Positive Sentiment: Earlier reporting noted Macerich set a new 52-week high, suggesting investor momentum remains supportive despite the latest analyst changes. Macerich (NYSE:MAC) Sets New 52-Week High – Here’s What Happened
• Neutral Sentiment: Analyst views were mixed overall, with some future-quarter estimates revised higher and others lowered, creating no clear directional surprise for the stock.
• Negative Sentiment: Zacks trimmed several estimates, including Q2 2026 to $0.32 from $0.33, Q1 2027 to $0.34 from $0.36, Q2 2027 to $0.37 from $0.39, Q4 2026 to $0.44 from $0.45, and FY2027 to $1.56 from $1.57, which may weigh on sentiment slightly.

Macerich Company Profile

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.