Macerich
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
0
Funds holding %
of 7,407 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
130% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 60
58% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 33
30% more capital invested
Capital invested by funds: $3.83B [Q3] → $4.99B (+$1.16B) [Q4]
19% more call options, than puts
Call options by funds: $21.3M | Put options by funds: $17.9M
6% more funds holding
Funds holding: 271 [Q3] → 286 (+15) [Q4]
4.72% more ownership
Funds ownership: 97.23% [Q3] → 101.95% (+4.72%) [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
2%
downside
Avg. target
$17.90
22%
upside
High target
$21
43%
upside
6 analyst ratings
1 positive
17%
2 neutral
33%
3 negative
50%
Truist Securities Ki Bin Kim 41% 1-year accuracy 11 / 27 met price target | 29%upside $19 | Buy Upgraded | 10 Apr 2025 |
Morgan Stanley Ronald Kamdem 50% 1-year accuracy 7 / 14 met price target | 29%upside $19 | Equal-Weight Maintained | 1 Apr 2025 |
Goldman Sachs Caitlin Burrows 46% 1-year accuracy 12 / 26 met price target | 2%downside $14.40 | Sell Maintained | 10 Mar 2025 |
JP Morgan Michael Mueller 53% 1-year accuracy 8 / 15 met price target | 23%upside $18 | Underweight Maintained | 10 Mar 2025 |
Scotiabank Nicholas Yulico 31% 1-year accuracy 13 / 42 met price target | 43%upside $21 | Sector Perform Maintained | 6 Mar 2025 |
Financial journalist opinion
Based on 3 articles about MAC published over the past 30 days
Positive
Zacks Investment Research
2 weeks ago
Here's Why it is 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 upsides amid growing e-commerce adoption.
Positive
Zacks Investment Research
4 weeks ago
Macerich Ties Up With PenFed for Tysons Corner Center Plaza
In a major boost to Macerich's Tysons Corner brand enhancement, the company agrees upon a multi-year sponsorship arrangement with PenFed.
Neutral
GlobeNewsWire
4 weeks ago
Macerich and PenFed Credit Union Secure Exclusive Sponsorship Agreement for Tysons Corner Center Plaza
Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members
Negative
Seeking Alpha
1 month ago
Sell Alert: 2 REITs In Deep Trouble To Avoid
We are facing a challenging environment. Some REITs may not survive it. I discuss two REITs that could be facing significant trouble.
Neutral
Zacks Investment Research
1 month ago
Macerich Announces Pindustry to Anchor HiFi at FlatIron Crossing
MAC announces that Pindustry will anchor its mixed-use outdoor development project, HiFi, adjacent to FlatIron Crossing in Colorado.
Neutral
GlobeNewsWire
1 month ago
Macerich Advances HiFi, Outdoor Mixed-Use Development at FlatIron Crossing in Colorado, Names Entertainment Anchor
Strategic Investment in Its Best Properties is Key Aspect of Macerich's Path Forward Plan Strategic Investment in Its Best Properties is Key Aspect of Macerich's Path Forward Plan
Negative
Zacks Investment Research
1 month ago
Macerich Stock Falls Despite Meeting Q4 FFO Estimates, Revenues Beat
MAC's Q4 results reflect better occupancy and base rent re-leasing spreads, though lower same-center NOI and higher expenses affected the performance.
Neutral
Seeking Alpha
1 month ago
The Macerich Company (MAC) Q4 2024 Earnings Call Transcript
The Macerich Company (NYSE:MAC ) Q4 2024 Earnings Conference Call February 27, 2025 1:00 PM ET Company Participants Samantha Greening - Director, IR Jack Hsieh - President & CEO Dan Swanstrom - SEVP & CFO Doug Healey - SEVP, Leasing Brad Miller - SVP, Portfolio Management Conference Call Participants Floris Van Dijkum - Compass Point Craig Mailman - Citi Linda Tsai - Jefferies Andrew Reale - Bank of America Securities Vince Tibone - Green Street Alexander Goldfarb - Piper Sandler Haendel St. Juste - Mizuho Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter 2024 Macerich Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Macerich (MAC) Q4 Earnings
Although the revenue and EPS for Macerich (MAC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Macerich (MAC) Q4 FFO Match Estimates
Macerich (MAC) came out with quarterly funds from operations (FFO) of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.56 per share a year ago.
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