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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more capital invested
Capital invested by funds: $3.19B [Q2] → $3.86B (+$671M) [Q3]
12% more call options, than puts
Call options by funds: $27.1M | Put options by funds: $24.3M
2.35% more ownership
Funds ownership: 95.85% [Q2] → 98.2% (+2.35%) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 99
6% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 34
1% less funds holding
Funds holding: 273 [Q2] → 269 (-4) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$17
14%
downside
Avg. target
$21
6%
upside
High target
$23
16%
upside
6 analyst ratings
1 positive
17%
4 neutral
67%
1 negative
17%
Morgan Stanley Ronald Kamdem 56% 1-year accuracy 9 / 16 met price target | 1%upside $20 | Equal-Weight Upgraded | 15 Jan 2025 |
Scotiabank Nicholas Yulico 42% 1-year accuracy 15 / 36 met price target | 11%upside $22 | Sector Perform Upgraded | 17 Dec 2024 |
Deutsche Bank Omotayo Okusanya 67% 1-year accuracy 14 / 21 met price target | 11%upside $22 | Hold Initiated | 17 Dec 2024 |
Piper Sandler Alexander Goldfarb 49% 1-year accuracy 20 / 41 met price target | 14%downside $17 | Underweight Maintained | 11 Dec 2024 |
Mizuho Haendel St. Juste 53% 1-year accuracy 9 / 17 met price target | 11%upside $22 | Neutral Upgraded | 4 Dec 2024 |
Financial journalist opinion
Based on 4 articles about MAC published over the past 30 days
Neutral
Zacks Investment Research
3 days ago
Macerich Stock Up 20.7% in Six Months: Will the Trend Last?
MAC is set to benefit from a premium shopping center portfolio, efforts to support omnichannel retailing and balance-sheet strengthening amid higher tenant bankruptcies.
Positive
Seeking Alpha
1 week ago
Is Macerich Now A Buy?
Macerich has rallied heavily over the last year as market enthusiasm builds over its Path Forward Plan. The REIT is currently trading for 13.5x times its annualized third-quarter FFO and offers a modest 3.31% dividend yield. The November equity offering should be accretive, but revenue is set to dip in future quarters on asset sales and givebacks.
Positive
Zacks Investment Research
2 weeks ago
Is it Wise to Retain Macerich Stock in Your Portfolio Now?
MAC''s portfolio of premium shopping centers, focus on omnichannel retailing and development of mixed-use assets are strengths despite growing e-commerce adoption.
Positive
Seeking Alpha
3 weeks ago
The State Of REITs: December 2024 Edition
The REIT sector bounced back from a rough October with a strong +3.19% average total return in November. Small cap (+4.19%), mid cap (+3.70%), and large cap (+3.39%) REITs averaged gains in November, while micro caps (-0.81%) finished the month in the red. 74.19% of REIT securities had a positive total return in November.
Positive
Zacks Investment Research
1 month ago
Macerich Stock Up 29.6% in 3 Months: Will the Momentum Continue?
MAC's premium shopping centers portfolio is likely to gain from healthy retail demand, aiding higher leasing activity and focus on omnichannel retailing.
Negative
Benzinga
1 month ago
Top 3 Real Estate Stocks That May Plunge This Month
As of Dec. 16, 2024, three stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Positive
Zacks Investment Research
1 month ago
Why Is Macerich (MAC) Up 13.3% Since Last Earnings Report?
Macerich (MAC) reported earnings 30 days ago. What's next for the stock?
Negative
Benzinga
1 month ago
Top 3 Real Estate Stocks That May Plunge This Quarter
As of Dec. 2, 2024, three stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Neutral
GlobeNewsWire
1 month ago
Macerich Announces Pricing of Upsized Public Offering of Common Stock
SANTA MONICA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has priced an underwritten public offering of 20,000,000 shares of common stock at a price to public of $19.75 per share for expected gross proceeds of approximately $395.0 million. The Company has also granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of its common stock. This reflects an upsizing of the previously announced offering of 18,000,000 shares of common stock. Subject to customary closing conditions, the offering is expected to close on November 27, 2024.
Neutral
GlobeNewsWire
1 month ago
Macerich Announces Commencement of Public Offering of Common Stock
SANTA MONICA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) announced today that it has commenced an underwritten public offering of 18,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 2,700,000 additional shares of its common stock.
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