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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$16.76
Volume1.92M
Average Volume (3M)1.53M
Market Cap
$3.79B
Enterprise Value$8.35B
Total Cash (Recent Filing)$70.69M
Total Debt (Recent Filing)$4.54B
Price to Earnings (P/E)―
Beta1.60
Next Earnings
Oct 31, 2024EPS Estimate
-$0.06Last Dividend Ex-Date
Aug 19, 2024Dividend Yield4.1%
Share Statistics
EPS (TTM)-1.00
Shares Outstanding215,991,342
10 Day Avg. Volume1,511,360
30 Day Avg. Volume1,530,769
Standard Deviation0.19
R-Squared0.46
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.45
Price to Sales (P/S)4.07
Price to Cash Flow (P/CF)13.30
P/FCF Ratio14.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.47
Enterprise Value/Gross Profit17.06
Enterprise Value/Ebitda79.22
Forecast
1Y Price Target
$15.21Price Target Upside-9.25% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering7
Macerich News
PremiumPress Releases
Macerich Reports Second Quarter 2024 ResultsBulls Say, Bears Say
Bulls Say
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).
New Leasing PipelineMAC’s new leasing pipeline had 130 leases for 1.8 million sq. ft. of new stores that are expected to open, resulting in ~$70 million of incremental aggregate rents.
Revenue GrowthRecent events have led to adjusted revenue growth for MAC.
Bears Say
Earnings MissMAC reported core FFOPS of $0.33, which represents a 16.6% year-over-year decline and missed both management and analyst expectations.
Percentage RentConsolidated percentage rent significantly decreased to $2.9 million from $4.5 million in the previous quarter and $20 million in the final quarter of the previous year.
Tenant SalesTenant sales per square foot dropped to $835 from $837 in the previous quarter and $853 last year, indicating a decline in sales performance.
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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 41 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 4.1%. See more information on Macerich Company dividends here
What is Macerich Company’s EPS estimate?
Macerich Company’s EPS estimate is -$0.06.
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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Analyst Consensus
Moderate Sell
Average Price Target:
$15.21 (-9.25% Downside)
$15.21 (-9.25% Downside)
Blogger Sentiment
Bullish
MAC Sentiment 66%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 2.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.9%
Last 30 Days ▲ 6.7%
Last 30 Days ▲ 6.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
48.59%
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
$15.21
▼(-9.25% Downside)
Technical Analysis
Best Analysts Covering MAC
1 Year
1 Year Success Rate
9/13 ratings generated profit
1 Year Average Return
+14.27%
reiterated a buy rating 2 months ago
Copying Floris van Dijkum's trades and holding each position for 1 Year would result in 69.23% of your transactions generating a profit, with an average return of +14.27% per trade.
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