Bamco Inc. NY Purchases 463,102 Shares of Macerich Company (The) $MAC

Bamco Inc. NY boosted its position in Macerich Company (The) (NYSE:MAC) by 18.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,909,869 shares of the real estate investment trust’s stock after purchasing an additional 463,102 shares during the period. Bamco Inc. NY owned about 1.14% of Macerich worth $52,960,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp increased its position in Macerich by 2.4% during the second quarter. State Street Corp now owns 15,162,075 shares of the real estate investment trust’s stock worth $245,322,000 after buying an additional 351,907 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Macerich by 73.2% in the third quarter. JPMorgan Chase & Co. now owns 11,521,554 shares of the real estate investment trust’s stock valued at $209,692,000 after buying an additional 4,868,844 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Macerich by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,498,679 shares of the real estate investment trust’s stock worth $105,160,000 after acquiring an additional 145,906 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Macerich by 13.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,894,230 shares of the real estate investment trust’s stock worth $63,014,000 after acquiring an additional 461,351 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Macerich by 5.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,746,730 shares of the real estate investment trust’s stock worth $68,185,000 after acquiring an additional 203,828 shares during the last quarter. Institutional investors own 87.38% of the company’s stock.

Macerich Stock Performance

NYSE:MAC opened at $18.72 on Monday. The stock has a 50 day simple moving average of $19.01 and a 200 day simple moving average of $18.19. The stock has a market cap of $4.81 billion, a P/E ratio of -24.32, a PEG ratio of 1.29 and a beta of 2.17. Macerich Company has a 1-year low of $12.48 and a 1-year high of $20.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.01.

Macerich (NYSE:MAC) last issued its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.50). The firm had revenue of $261.70 million during the quarter, compared to analyst estimates of $260.48 million. Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. Research analysts anticipate that Macerich Company will post 1.55 earnings per share for the current year.

Macerich Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.17 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.68 annualized dividend and a dividend yield of 3.6%. Macerich’s dividend payout ratio is -88.31%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MAC. The Goldman Sachs Group increased their price target on Macerich from $15.00 to $17.00 and gave the company a “sell” rating in a research note on Monday, March 2nd. Mizuho set a $21.00 price objective on shares of Macerich in a report on Friday, January 9th. JPMorgan Chase & Co. increased their price objective on shares of Macerich from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, March 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Macerich in a research note on Thursday, January 22nd. Finally, Truist Financial lifted their target price on shares of Macerich from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Macerich has a consensus rating of “Hold” and an average target price of $20.46.

Key Headlines Impacting Macerich

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: JPMorgan raised its price target to $19.00, giving the stock an independent broker upgrade that can support buying interest and short‑term momentum. JPMorgan Chase & Co. Increases Macerich (NYSE:MAC) Price Target to $19.00
• Positive Sentiment: Zacks raised several 2027 and 2028 earnings estimates (including FY2027 to $1.56 and FY2028 to $1.62 and modest bumps to multiple 2027 quarters), signaling expectations for mid‑cycle improvement that can lift medium‑term sentiment.
• Neutral Sentiment: A Yahoo Finance valuation piece argues Macerich’s recent price volatility may have created an attractive entry for income/value investors — this type of coverage can attract bargain hunters but is interpretive rather than a catalyst. Is Macerich (MAC) Pricing Look Attractive After Recent Share Price Volatility
• Negative Sentiment: Zacks cut near‑term and FY2026 estimates (FY2026 to $1.42; cuts to Q1–Q3 2026 and Q2 2026 specifically), indicating softer near‑term fundamentals and creating downside risk if results lag. These downward tweaks may limit upside until occupancy/rent trends and NOI show clearer improvement.

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.