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Macerich Company (MAC)
NYSE:MAC
Macerich (MAC) Stock Price & Analysis
1,033 Followers
MAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.21 - $17.69
Previous Close$15.86
Volume1.39M
Average Volume (3M)1.96M
Market Cap
$3.58B
Enterprise Value$7.80B
Total Cash (Recent Filing)$120.05M
Total Debt (Recent Filing)$4.27B
Price to Earnings (P/E)―
Beta1.71
Next Earnings
Jul 31, 2024EPS Estimate
-$0.07Last Dividend Ex-Date
May 17, 2024Dividend Yield4.08%
Share Statistics
EPS (TTM)-0.78
Shares Outstanding215,750,149
10 Day Avg. Volume1,722,954
30 Day Avg. Volume1,964,088
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/Revenue11.52
Enterprise Value/Gross Profit15.95
Enterprise Value/Ebitda-45.62
Forecast
1Y Price Target
$14.60Price Target Upside-6.65% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering10
Macerich News
PremiumCompany Announcements
Macerich Appoints Diana Laing to Expand Board Membership
Bulls Say, Bears Say
Bulls Say
Leasing PipelineMAC’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.
Revenue GrowthRecent events have led to adjusted revenue growth for MAC.
Strategic GoalsCEO Jackson Hsieh outlined strategic goals to de-lever the balance sheet and improve long-term growth potential.
Bears Say
Financial PerformanceMAC reported core funds from operations per share of $0.33, which was a significant miss versus management and analyst expectations.
Guidance And ForecastingThe initial FY24 funds from operations per share guidance of $1.81 was withdrawn, implying it could take 3-4 years to return to previous earnings levels.
Leadership And Strategic RisksThe new CEO's long-term plan to de-lever the balance sheet and improve growth potential caused the stock to fall 14%, highlighting clear execution risks.
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Ownership Overview
12.07% Insiders
35.47% Mutual Funds
35.70% Other Institutional Investors
16.76% 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 $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 Jul 31, 2024 which is in 5 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 Overvalued.
Does Macerich Company pay dividends?
Macerich Company pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 4.08%. See more information on Macerich Company dividends here
What is Macerich Company’s EPS estimate?
Macerich Company’s EPS estimate is -$0.07.
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
1
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10
Analyst Consensus
Moderate Sell
Average Price Target:
$14.60 (-6.65% Downside)
$14.60 (-6.65% Downside)
Blogger Sentiment
Bullish
MAC Sentiment 66%
Sector Average 67%
Sector Average 67%
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
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.57%
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
$14.60
▼(-6.65% Downside)
Technical Analysis
Best Analysts Covering MAC
1 Year
1 Year Success Rate
7/12 ratings generated profit
1 Year Average Return
+14.01%
reiterated a buy rating 2 months ago
Copying Floris van Dijkum's trades and holding each position for 1 Year would result in 58.33% of your transactions generating a profit, with an average return of +14.01% per trade.
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