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Macerich Company (MAC)
NYSE:MAC
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MAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.21 - $17.69
Previous Close$15.56
Volume2.10M
Average Volume (3M)1.55M
Market Cap
$3.52B
Enterprise Value$8.08B
Total Cash (Recent Filing)$70.69M
Total Debt (Recent Filing)$4.54B
Price to Earnings (P/E)―
Beta1.63
Next Earnings
Oct 31, 2024EPS Estimate
-$0.05Last Dividend Ex-Date
Aug 19, 2024Dividend Yield4.53%
Share Statistics
EPS (TTM)-1.00
Shares Outstanding215,991,342
10 Day Avg. Volume1,324,163
30 Day Avg. Volume1,549,338
Standard Deviation0.19
R-Squared0.46
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.29
Price to Sales (P/S)3.68
Price to Cash Flow (P/CF)12.00
P/FCF Ratio13.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.16
Enterprise Value/Gross Profit16.51
Enterprise Value/Ebitda76.64
Forecast
1Y Price Target
$14.33Price Target Upside-7.90% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering9
Macerich News
PremiumPress Releases
Macerich Reports Second Quarter 2024 Results
PremiumCompany Announcements
Macerich Appoints Diana Laing to Expand Board Membership
Bulls Say, Bears Say
Bulls Say
Incremental RentsMAC’s new leasing pipeline had 130 leases for 1.8mn SFT of new stores that are expected to open, resulting in ~$70mn of incremental aggregate rents.
Leasing ProgressPositive leasing progress with 750k sq. ft. signed and 1.8 million sq. ft. year to date, with another 2.2 million sq. ft. in the leasing pipeline (80% signed).
Revenue GrowthRecent events have led to adjusted revenue growth for MAC.
Bears Say
Financial PerformanceMAC reported 1Q24 core FFOPS of $0.33, which was -16.6% year-over-year and missed management/GS expectations for the quarter.
OccupancyOccupancy declined slightly quarter-over-quarter, to 93.4% in 1Q24 from 93.5% in 4Q23.
Tenant SalesTenant sales per square foot dropped to $835 trailing twelve months versus $837 prior quarter trailing twelve months or $853 last year.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
MAC FAQ
What was Macerich Company’s price range in the past 12 months?
Macerich Company lowest stock price was $9.21 and its highest was $17.69 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 Oct 31, 2024 which is in 68 days.
How were Macerich Company’s earnings last quarter?
Macerich Company released its earnings results on Jul 31, 2024. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of -$0.07 by $1.23.
Is Macerich Company overvalued?
According to Wall Street analysts Macerich Company’s price is currently Overvalued.
Does Macerich Company pay dividends?
Macerich Company pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 4.53%. 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 215,991,350 shares outstanding.
What happened to Macerich Company’s price movement after its last earnings report?
Macerich Company reported an EPS of $1.16 in its last earnings report, beating expectations of -$0.07. Following the earnings report the stock price went down -4.293%.
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 46M.
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Macerich Stock Smart Score
Unlock Smart Score
1
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10
Analyst Consensus
Moderate Sell
Average Price Target:
$14.33 (-7.90% Downside)
$14.33 (-7.90% Downside)
Blogger Sentiment
Bullish
MAC Sentiment 66%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 2.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
45.84%
12-Months-Change
Fundamentals
Return on Equity
-2.91%
Trailing 12-Months
Asset Growth
-1.48%
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
Q2 2024
0:00 / 0:00
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MAC Stock 12 Month Forecast
Average Price Target
$14.33
▼(-7.90% Downside)
Technical Analysis
Best Analysts Covering MAC
1 Year
1 Year Success Rate
4/7 ratings generated profit
1 Year Average Return
+2.40%
reiterated a sell rating last month
Copying Alexander Goldfarb's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +2.40% per trade.
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