Macerich (MAC)

• Market cap: $4.09B
• 1 day: -3.80%
• 5 days: -6.84%
• 1 month: -22.08%
• 3 months: -24.65%
• 6 months: -1.76%
• Year to date: -19.96%
• 1 year: -1.16%
• 5 years: 20.63%
• 10 years: -82.84%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Macerich invests in premium mall assets. The company owns 30 regional malls in its consolidated portfolio and 10 regional malls in its unconsolidated portfolio along with two power centers and seven other real estate assets. The company's total portfolio has 42.9 million square feet of gross leasable area and averaged $837 sales per square foot over the 12 months ended in December 2024.

Employees: 615

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

130% more repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 60

52% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 33

29% more capital invested

Capital invested by funds: $3.86B [Q3] → $4.99B (+$1.12B) [Q4]

19% more call options, than puts

Call options by funds: $21.3M | Put options by funds: $17.9M

5% more funds holding

Funds holding: 271 [Q3] → 284 (+13) [Q4]

3.72% more ownership

Funds ownership: 98.23% [Q3] → 101.95% (+3.72%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14.40 11% downside
• Avg. target: $18.57 15% upside
• High target: $22 36% upside

6 analyst ratings

• positive: 0 0%
• neutral: 3 50%
• negative: 3 50%

Goldman Sachs Caitlin Burrows 58% 1-year accuracy 15 / 26 met price target	11% downside $14.40	Sell Maintained	10 Mar 2025
JP Morgan Michael Mueller 80% 1-year accuracy 12 / 15 met price target	11% upside $18	Underweight Maintained	10 Mar 2025
Scotiabank Nicholas Yulico 48% 1-year accuracy 19 / 40 met price target	30% upside $21	Sector Perform Maintained	6 Mar 2025
Piper Sandler Alexander Goldfarb 43% 1-year accuracy 20 / 47 met price target	1% downside $16	Underweight Maintained	28 Feb 2025
Morgan Stanley Ronald Kamdem 53% 1-year accuracy 8 / 15 met price target	23% upside $20	Equal-Weight Upgraded	15 Jan 2025