(GuruFocus, August 11, 2009) Investment Gurus Ken Heebner reduced shares in REITs company Macerich Co. He sold 16.42% of his holdings in MAC at the price of $27.66 per share on August 10, 2009. After the sale, he still owns 3,847,718 shares. Heebner bought into MAC since eQ05/ He has traded in and out of the stock but the recent crash prompted him to buy more. Heebner owned 4,603,900 shares as of 03/31/2009.
MACERICH CO. is a self-administered self-managed real estate investment trust which is engaged in the acquisition ownership redevelopment management and leasing of regional shopping centers located throughout the United States. The Macerich Company has a market cap of $2.13 billion; its shares were traded at around $27.66 with a P/E ratio of 5.1 and P/S ratio of 2.4. The dividend yield of The Macerich Company stocks is 8.7%. The Macerich Company had an annual average earning growth of 1.8% over the past 10 years. GuruFocus rated The Macerich Company the business predictability rank of 2.5-star.
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MACERICH CO. is a self-administered self-managed real estate investment trust which is engaged in the acquisition ownership redevelopment management and leasing of regional shopping centers located throughout the United States. The Macerich Company has a market cap of $2.13 billion; its shares were traded at around $27.66 with a P/E ratio of 5.1 and P/S ratio of 2.4. The dividend yield of The Macerich Company stocks is 8.7%. The Macerich Company had an annual average earning growth of 1.8% over the past 10 years. GuruFocus rated The Macerich Company the business predictability rank of 2.5-star.
GuruFocus provides Real Time Guru Picks and Insider Buys/Sells information for Premium Member. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
