Macerich Stock Today

MAC
 Stock
  

USD 12.39  0.08  0.65%   

Market Performance
11 of 100
Odds Of Distress
Less than 10
Macerich is trading at 12.39 as of the 6th of December 2022, a 0.65% increase since the beginning of the trading day. The stock's open price was 12.31. Macerich has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Macerich Company are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of November 2021 and ending today, the 6th of December 2022. Click here to learn more.
CUSIP
554382101
Fiscal Year End
December
Business Domain
Real Estate
IPO Date
9th of March 1994
Category
Real Estate
Classification
Real Estate
Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. A recognized leader in sustainability, Macerich has achieved the 1 GRESB ranking in the North American Retail Sector for five straight years . The company has 214.78 M outstanding shares of which 16.9 M shares are now shorted by investors with about 5.51 days to cover. More on Macerich Company

Moving together with Macerich

+0.87BRXBrixmor Property Sell-off TrendPairCorr

Moving against Macerich

-0.66HOUSAnywhere Real Estate Symbol ChangePairCorr
-0.62HCPHashicorp Earnings Call TomorrowPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Macerich Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Macerich's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Macerich or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macerich has very high historical volatility over the last 90 days
The company has 4.53 B in debt with debt to equity (D/E) ratio of 1.53, which is OK given its current industry classification. Macerich has a current ratio of 0.44, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Macerich until it has trouble settling it off, either with new capital or with free cash flow. So, Macerich's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Macerich sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Macerich to invest in growth at high rates of return. When we think about Macerich's use of debt, we should always consider it together with cash and equity.
Macerich has a poor financial position based on the latest SEC disclosures
Over 84.0% of Macerich shares are owned by institutional investors
On 2nd of December 2022 Macerich paid $ 0.17 per share dividend to its current shareholders
Latest headline from news.google.com: Deutsche Bank Adjusts Macerich Company Price Target to 16 From 13, Maintains Buy Rating - Marketscreener.com
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Macerich's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Macerich's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
Chairman of the Board, CEOArthur Coppola
Thematic IdeaTop FinTech (view all)
Fama & French Classification
Average Analyst Recommendation
Analysts covering Macerich report their recommendations after researching Macerich's financial statements, talking to executives and customers, or listening in on Macerich's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Macerich. The Macerich consensus assessment is calculated by taking the average forecast from all of the analysts covering Macerich.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Macerich based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Macerich financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted165.4 M198.1 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares165.4 M198.1 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets0.160.1627
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations346.9 M286.4 M
Fairly Up
Decreasing
Very volatile
Current Liabilities416.1 M313.8 M
Significantly Up
Decreasing
Stable
Total Liabilities5.3 B5.3 B
Slightly Up
Increasing
Stable
Gross Margin55.6157.9855
Sufficiently Down
Increasing
Stable
Total Debt5.5 B4.7 B
Fairly Up
Increasing
Slightly volatile
Asset Turnover0.110.0967
Fairly Up
Decreasing
Stable
Current Assets340.3 M378.3 M
Moderately Down
Increasing
Very volatile
Total Assets8.4 B8.3 B
Slightly Up
Decreasing
Very volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Macerich's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Macerich Company (MAC) is traded on New York Stock Exchange in USA and employs 639 people. Macerich is listed under Equity Real Estate Investment Trusts (REITs) category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with total capitalization of 2.81 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Macerich's market, we take the total number of its shares issued and multiply it by Macerich's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Macerich runs under Equity Real Estate Investment Trusts (REITs) sector within Real Estate industry. The entity has 214.78 M outstanding shares of which 16.9 M shares are now shorted by investors with about 5.51 days to cover. Macerich Company has about 112.45 M in cash with 286 of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.5.
Check Macerich Probability Of Bankruptcy
Ownership
Macerich Company holds a total of 214.78 Million outstanding shares. The majority of Macerich outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Macerich Company to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Macerich. Please pay attention to any change in the institutional holdings of Macerich as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Macerich Ownership Details

Macerich Stock Price Odds Analysis

What are Macerich's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Macerich jumping above the current price in 90 days from now is about 12.62%. The Macerich Company probability density function shows the probability of Macerich stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.5772. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Macerich will likely underperform. Additionally, the company has an alpha of 0.3395, implying that it can generate a 0.34 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 12.39HorizonTargetOdds Above 12.39
87.32%90 days
 12.39 
12.62%
Based on a normal probability distribution, the odds of Macerich to move above the current price in 90 days from now is about 12.62 (This Macerich Company probability density function shows the probability of Macerich Stock to fall within a particular range of prices over 90 days) .

Macerich Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Macerich that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Macerich's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Macerich's value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares65.6 K521 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares62.6 K545 K
View Macerich Diagnostics

Macerich Historical Income Statement

Macerich Company Income Statement is one of the three primary financial statements used for reporting Macerich's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Macerich revenue and expense. Macerich Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Macerich Direct Expenses is projected to decrease significantly based on the last few years of reporting. The past year's Direct Expenses was at 356.05 Million. The current year Consolidated Income is expected to grow to about 16.6 M, whereas Interest Expense is forecasted to decline to about 172.5 M. View More Fundamentals

Macerich Stock Against Markets

Picking the right benchmark for Macerich stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Macerich stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Macerich is critical whether you are bullish or bearish towards Macerich Company at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Macerich without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Portfolio Volatility

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Macerich Corporate Directors

Macerich corporate directors refer to members of a Macerich board of directors. The board of directors generally takes responsibility for the Macerich's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Macerich's board members must vote for the resolution. The Macerich board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Steven Soboroff - Independent DirectorProfile
Frederick Hubbell - Lead Independent DirectorProfile
John Alschuler - Independent DirectorProfile
Peggy Alford - Independent DirectorProfile

Invested in Macerich Company?

The danger of trading Macerich Company is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Macerich is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Macerich. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Macerich is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. Note that the Macerich information on this page should be used as a complementary analysis to other Macerich's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Macerich price analysis, check to measure Macerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macerich is operating at the current time. Most of Macerich's value examination focuses on studying past and present price action to predict the probability of Macerich's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Macerich's price. Additionally, you may evaluate how the addition of Macerich to your portfolios can decrease your overall portfolio volatility.
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Is Macerich's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macerich. If investors know Macerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.8 B
Quarterly Revenue Growth YOY
0.031
Return On Assets
0.0092
Return On Equity
(0.0301) 
The market value of Macerich is measured differently than its book value, which is the value of Macerich that is recorded on the company's balance sheet. Investors also form their own opinion of Macerich's value that differs from its market value or its book value, called intrinsic value, which is Macerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macerich's market value can be influenced by many factors that don't directly affect Macerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macerich's value and its price as these two are different measures arrived at by different means. Investors typically determine Macerich value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.