Macerich (MAC) Stock Price, News & Analysis

Company Overview

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023).

Key Stats

• Today's Range: $19.29 to $19.54
• 50-Day Range: $16.22 to $20.13
• 52-Week Range: $10.75 to $20.40
• Volume: 721,720 shs
• Average Volume: 1.55 million shs
• Market Capitalization: $4.39 billion
• P/E Ratio: 49.96
• Dividend Yield: 3.49%
• Price Target: $16.40
• Consensus Rating: Reduce

Macerich Stock Analysis - MarketRank™

Macerich scored higher than 75% of companies evaluated by MarketBeat, and ranked 288th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Macerich has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on 1 buy rating, 4 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Macerich has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 0.63%

Earnings Growth

Earnings for Macerich are expected to grow by 0.63% in the coming year, from $1.59 to $1.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Macerich is 49.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Macerich is 49.96, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.60.

Price to Earnings Growth Ratio

Macerich has a PEG Ratio of 0.67. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Macerich has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.74% of the outstanding shares of Macerich have been sold short.

Short Interest Ratio / Days to Cover

Macerich has a short interest ratio ("days to cover") of 8.6.

Change versus previous month

Short interest in Macerich has recently decreased by 1.45%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Macerich pays a meaningful dividend of 3.47%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Macerich does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Macerich is 174.36%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Macerich will have a dividend payout ratio of 42.50% next year. This indicates that Macerich will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.5 / 5
• Environmental Score: -2.05

Percentage of Shares Shorted

5.74% of the outstanding shares of Macerich have been sold short.

Short Interest Ratio / Days to Cover

Macerich has a short interest ratio ("days to cover") of 8.6.

Change versus previous month

Short interest in Macerich has recently decreased by 1.45%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.07

News Sentiment

Macerich has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Macerich this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for MAC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

2 people have added Macerich to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Macerich insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.53% of the stock of Macerich is held by insiders.

Percentage Held by Institutions

87.38% of the stock of Macerich is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MAC Stock Analysis - Frequently Asked Questions

How have MAC shares performed this year?

Macerich's stock was trading at $15.43 on January 1st, 2024. Since then, MAC shares have increased by 26.3% and is now trading at $19.4850.
View the best growth stocks for 2024 here.

How were Macerich's earnings last quarter?

The Macerich Company (NYSE:MAC) posted its quarterly earnings results on Wednesday, November, 6th. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.90. The firm's revenue was up .9% compared to the same quarter last year.

Does Macerich have any subsidiaries?

Macerich subsidiaries include Wilmorite Holdings LP, Westcor Realty Limited Partnership, 801-GALLERY ASSOCIATES L.P., 801-GALLERY C-3 ASSOCIATES L.P., 801-GALLERY GP LLC, 801 MARKET VENTURE GP LLC, Amphenol Sincere Industrial Product Gyarto. Kft, and others.

Who are Macerich's major shareholders?

Top institutional shareholders of Macerich include Smead Capital Management Inc. (9.46%), State Street Corp (5.82%), FMR LLC (5.22%) and Geode Capital Management LLC (2.41%). Insiders that own company stock include Edward C Coppola, Jackson Hsieh, Hern Thomas E O, Doug J Healey, Kenneth Volk, Scott W Kingsmore, Ann C Menard and Christopher J Zecchini.
View institutional ownership trends.

How do I buy shares of Macerich?

Shares of MAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Macerich own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Macerich investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), Meta Platforms (META), NVIDIA (NVDA), AT&T (T) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 9/9 Dividend: 8/19/2024
• Dividend Payable: 9/09/2024
• Last Earnings: 11/06/2024
• Ex-Dividend for 12/2 Dividend: 11/12/2024
• Today: 11/21/2024
• Dividend Payable: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:MAC
• Previous Symbol: NYSE:MAC
• CUSIP: 55438210
• CIK: 912242
• Web: www.macerich.com
• Phone: (310) 394-6000
• Fax: 310-395-2791
• Employees: 654
• Year Founded: 1964

Price Target and Rating

• Average Stock Price Target: $16.40
• High Stock Price Target: $23.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: -15.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.39
• Trailing P/E Ratio: 49.96
• Forward P/E Ratio: 12.25
• P/E Growth: 0.67
• Net Income: $-274,070,000.00
• Net Margins: 8.98%
• Pretax Margin: -21.02%
• Return on Equity: 3.15%
• Return on Assets: 1.05%

Debt

• Debt-to-Equity Ratio: 1.68
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $884.07 million
• Price / Sales: 4.97
• Cash Flow: $0.16 per share
• Price / Cash Flow: 119.14
• Book Value: $11.48 per share
• Price / Book: 1.70

Miscellaneous

• Outstanding Shares: 225,530,000
• Free Float: 224,332,000
• Market Cap: $4.39 billion
• Optionable: Optionable
• Beta: 2.50