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Macerich Company (MAC)
NYSE:MAC
Macerich (MAC) Stock Price & Analysis
1,032 Followers
MAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.87 - $17.50
Previous Close$14.65
Volume2.35M
Average Volume (3M)1.93M
Market Cap
$3.31B
Enterprise Value$7.43B
Total Cash (Recent Filing)$94.94M
Total Debt (Recent Filing)$4.14B
Price to Earnings (P/E)―
Beta1.76
Next Earnings
Jul 31, 2024EPS Estimate
-$0.05Last Dividend Ex-Date
May 17, 2024Dividend Yield4.4%
Share Statistics
EPS (TTM)-0.78
Shares Outstanding215,750,149
10 Day Avg. Volume1,722,954
30 Day Avg. Volume1,930,834
Standard Deviation0.19
R-Squared0.44
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.33
Price to Sales (P/S)3.58
Price to Cash Flow (P/CF)16.00
P/FCF Ratio28.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue15.56
Enterprise Value/Gross Profit15.19
Enterprise Value/Ebitda-66.32
Forecast
1Y Price Target
$14.64Price Target Upside0.21% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering7
Macerich News
PremiumCompany Announcements
Macerich Stockholders Back Governance and Strategy at Annual Meeting
PremiumPress Releases
Macerich Launches Path-Forward Plan
Bulls Say, Bears Say
Bulls Say
Balance Sheet ImprovementThe new CEO, Jackson Hsieh, has outlined a strategic plan to de-lever the balance sheet and improve the company's cost of capital and long-term growth potential.
Leasing PipelineMAC's new leasing pipeline has 130 leases for 1.8 million square feet of new stores, resulting in approximately $70 million of additional rents.
Operational StrategyMAC projects an addition of $65 million in incremental net operating income across six key Eastern Seaboard assets through redevelopment and higher occupancy.
Bears Say
Financial PerformanceMAC reported 1Q24 core FFOPS of $0.33, which was -16.6% y/y and missed management/GS expectations for the quarter.
Leadership And StrategyMAC stock fell 14% after new CEO Jackson Hsieh outlined a 3-4 year plan to de-lever the balance sheet and improve the company's cost of capital and long-term growth potential.
Operational Challenges18 anchors remain empty and $39m of missing NOI from 6 East Coast malls.
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Ownership Overview
12.03% Insiders
35.47% Mutual Funds
34.08% Other Institutional Investors
18.42% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MAC FAQ
What was Macerich Company’s price range in the past 12 months?
Macerich Company lowest stock price was $8.87 and its highest was $17.50 in the past 12 months.
What is Macerich Company’s market cap?
Currently, no data Available
When is Macerich Company’s upcoming earnings report date?
Macerich Company’s upcoming earnings report date is Jul 31, 2024 which is in 28 days.
How were Macerich Company’s earnings last quarter?
Macerich Company released its earnings results on Apr 30, 2024. The company reported -$0.59 earnings per share for the quarter, missing the consensus estimate of -$0.087 by -$0.503.
Is Macerich Company overvalued?
According to Wall Street analysts Macerich Company’s price is currently Undervalued.
Does Macerich Company pay dividends?
Macerich Company pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 4.4%. See more information on Macerich Company dividends here
What is Macerich Company’s EPS estimate?
Macerich Company’s EPS estimate is -$0.05.
How many shares outstanding does Macerich Company have?
Macerich Company has 215,750,150 shares outstanding.
What happened to Macerich Company’s price movement after its last earnings report?
Macerich Company reported an EPS of -$0.59 in its last earnings report, missing expectations of -$0.087. Following the earnings report the stock price went down -14.078%.
Which hedge fund is a major shareholder of Macerich Company?
Among the largest hedge funds holding Macerich Company’s share is Fisher Asset Management LLC. It holds Macerich Company’s shares valued at 52M.
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Macerich Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Sell
Average Price Target:
$14.64 (0.21% Upside)
$14.64 (0.21% Upside)
Blogger Sentiment
Bullish
MAC Sentiment 71%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Increased
By 125.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $2.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.9%
Last 30 Days ▼ 3.4%
Last 30 Days ▼ 3.4%
Technicals
SMA
Positive
20 days / 200 days
Momentum
36.85%
12-Months-Change
Fundamentals
Return on Equity
-13.54%
Trailing 12-Months
Asset Growth
-7.00%
Trailing 12-Months
Company Description
Macerich Company
Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. It conducts all of its operations through the operating partnership and the management companies. The company was founded by Mace Siegel, Dana K. Anderson, Arthur M. Coppola and Edward C. Coppola in 1964 and is headquartered in Santa Monica, CA.
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MAC Earnings Call
Q1 2024
0:00 / 0:00
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MAC Stock 12 Month Forecast
Average Price Target
$14.64
▲(0.21% Upside)
Technical Analysis
Best Analysts Covering MAC
1 Year
1 Year Success Rate
6/12 ratings generated profit
1 Year Average Return
+10.62%
reiterated a buy rating 2 months ago
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