Macerich Company (The) $MAC Position Decreased by Sumitomo Mitsui Trust Group Inc.

Posted by Stanley Muller on Nov 7th, 2026

Sumitomo Mitsui Trust Group Inc. lowered its position in Macerich Company (The) (NYSE:MAC – Free Report) by 15.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 347,523 shares of the real estate investment trust’s stock after selling 64,240 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.12% of Macerich worth $7,771,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Macerich in the second quarter valued at approximately $1,378,836,000. Deutsche Bank AG acquired a new position in shares of Macerich during the second quarter worth $138,928,000. Bamco Inc. NY acquired a new position in shares of Macerich during the second quarter worth $125,944,000. Canada Pension Plan Investment Board purchased a new stake in shares of Macerich during the 2nd quarter valued at $81,946,000. Finally, Resolution Capital Ltd lifted its holdings in shares of Macerich by 204.0% during the 1st quarter. Resolution Capital Ltd now owns 4,384,180 shares of the real estate investment trust’s stock valued at $82,861,000 after purchasing an additional 2,941,909 shares during the last quarter. Institutional investors own 87.38% of the company’s stock.

Macerich Stock Performance

Shares of MAC traded down $0.10 during trading hours on Friday, reaching $24.92. 2,921,195 shares of the company traded hands, compared to its average volume of 3,024,287. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.67. The business has a fifty day moving average price of $23.22 and a 200-day moving average price of $22.37. Macerich Company has a 12-month low of $16.03 and a 12-month high of $26.67. The stock has a market capitalization of $7.07 billion, a P/E ratio of -67.34, a P/E/G ratio of 1.79 and a beta of 2.11.

Macerich (NYSE:MAC – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Macerich had a negative net margin of 16.85% and a negative return on equity of 6.26%. The firm had revenue of $260.07 million during the quarter, compared to analyst estimates of $251.31 million. During the same period in the prior year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that Macerich Company will post 1.49 EPS for the current fiscal year.

Macerich Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.68 dividend on an annualized basis and a yield of 2.7%. Macerich’s dividend payout ratio (DPR) is currently -183.78%.

Insider Transactions at Macerich

In other Macerich news, CAO Christopher Zecchini sold 2,740 shares of Macerich stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $23.28, for a total transaction of $63,787.20. Following the completion of the sale, the chief accounting officer directly owned 847 shares in the company, valued at approximately $19,718.16. The trade was a 76.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

MAC has been the topic of several research analyst reports. Piper Sandler dropped their target price on Macerich from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Truist Financial started coverage on Macerich in a research note on Friday, October 2nd. They issued a “buy” rating and a $26.00 price target for the company. BNP Paribas Exane assumed coverage on Macerich in a research note on Friday, October 9th. They issued an “outperform” rating and a $28.00 price target for the company. Griffin Securities set a $26.00 price target on Macerich in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Macerich from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Macerich has a consensus rating of “Moderate Buy” and a consensus target price of $26.19.

View Our Latest Analysis on MAC

Macerich Company Profile

(Free Report)

Macerich (NYSE: MAC) is a self-managed and self-administered real estate investment trust that owns, operates and develops retail and mixed-use properties in the United States. The company’s portfolio primarily consists of regional shopping centers and high-quality malls located in major markets, with a concentration in the Western and Sun Belt regions.

Macerich generates revenue primarily through leasing retail, dining, entertainment and other commercial space to tenants. Its activities also include property management, marketing, redevelopment and the development of mixed-use projects designed to combine retail with residential, office, hotel and other uses.

The company traces its roots to the 1960s and has expanded through the acquisition, development and redevelopment of retail real estate.