Macerich
About: The Macerich Company invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and 14 regional malls in its unconsolidated portfolio along with three power centers and seven other real estate assets. The company's total portfolio has 45.5 million square feet of gross leasable area and averaged $836 sales per square foot over the 12 months ended in December 2023.
Employees: 655
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
31% more call options, than puts
Call options by funds: $18.3M | Put options by funds: $14M
2.65% more ownership
Funds ownership: 90.26% [Q1] → 92.92% (+2.65%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 95
7% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 46
1% less funds holding
Funds holding: 275 [Q1] → 272 (-3) [Q2]
7% less capital invested
Capital invested by funds: $3.35B [Q1] → $3.09B (-$251M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
B of A Securities Jeffrey Spector 50% 1-year accuracy 1 / 2 met price target | 3%upside $19 | Neutral Maintained | 11 Oct 2024 |
Goldman Sachs Caitlin Burrows 43% 1-year accuracy 13 / 30 met price target | 21%downside $14.60 | Sell Maintained | 19 Sept 2024 |
Piper Sandler Alexander Goldfarb 56% 1-year accuracy 29 / 52 met price target | 24%downside $14 | Underweight Maintained | 3 Sept 2024 |
Evercore ISI Group Samir Khanal 25% 1-year accuracy 1 / 4 met price target | 13%downside $16 | In-Line Maintained | 28 Aug 2024 |
Financial journalist opinion
Based on 3 articles about MAC published over the past 30 days
