NYSE:MAC

Macerich (MAC) Stock Price, News & Analysis

$14.29
+0.49 (+3.55%)
(As of 05/3/2024 ET)
Today's Range
$13.86
$14.31
50-Day Range
$13.46
$17.24
52-Week Range
$9.05
$17.69
Volume
2.28 million shs
Average Volume
2.00 million shs
Market Capitalization
$3.08 billion
P/E Ratio
N/A
Dividend Yield
4.76%
Price Target
$14.83

Macerich MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
3.8% Upside
$14.83 Price Target
Short Interest
Bearish
5.60% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.05
Upright™ Environmental Score
News Sentiment
-0.03mentions of Macerich in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$2.94 M Sold Last Quarter
Proj. Earnings Growth
1.13%
From $1.77 to $1.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.61 out of 5 stars

Finance Sector

3483rd out of 5,270 stocks

Real Estate Investment Trusts Industry

721st out of 1,086 stocks

MAC stock logo

About Macerich Stock (NYSE:MAC)

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023).

MAC Stock Price History

MAC Stock News Headlines

Macerich (NYSE:MAC) Price Target Cut to $18.00
Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share
The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.
The Latest Analyst Ratings For Macerich
Macerich Sell Rating: Strategic Missteps and Financial Concerns
Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share
The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.
Q1 2024 Macerich Co Earnings Call
Macerich: Q1 Earnings Snapshot
Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook
Macerich Reports First Quarter 2024 Results
Macerich (NYSE:MAC) Downgraded to "Sell" at StockNews.com
Macerich Q1 2024 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/4 Dividend
2/15/2024
Dividend Payable
3/04/2024
Today
5/04/2024
Ex-Dividend for 6/3 Dividend
5/17/2024
Dividend Payable
6/03/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
55438210
Employees
654
Year Founded
1964

Price Target and Rating

Average Stock Price Target
$14.83
High Stock Price Target
$18.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+3.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
6 Analysts

Profitability

Net Income
$-274,070,000.00
Pretax Margin
-20.14%

Debt

Sales & Book Value

Annual Sales
$884.07 million
Cash Flow
$0.17 per share
Book Value
$10.94 per share

Miscellaneous

Free Float
214,577,000
Market Cap
$3.08 billion
Optionable
Optionable
Beta
2.38

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MAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Macerich stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" MAC shares.
View MAC analyst ratings
or view top-rated stocks.

What is Macerich's stock price target for 2024?

6 brokers have issued 1 year price targets for Macerich's stock. Their MAC share price targets range from $11.00 to $18.00. On average, they predict the company's share price to reach $14.83 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for MAC
or view top-rated stocks among Wall Street analysts.

How have MAC shares performed in 2024?

Macerich's stock was trading at $15.43 at the beginning of the year. Since then, MAC stock has decreased by 7.4% and is now trading at $14.29.
View the best growth stocks for 2024 here
.

When is Macerich's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our MAC earnings forecast
.

How were Macerich's earnings last quarter?

The Macerich Company (NYSE:MAC) released its quarterly earnings data on Wednesday, February, 7th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.55 by $0.26. The real estate investment trust earned $238.70 million during the quarter, compared to the consensus estimate of $224.49 million. Macerich had a negative trailing twelve-month return on equity of 13.42% and a negative net margin of 38.96%. Macerich's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS.

How often does Macerich pay dividends? What is the dividend yield for Macerich?

Macerich declared a quarterly dividend on Friday, April 26th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.17 per share on Monday, June 3rd. This represents a $0.68 annualized dividend and a yield of 4.76%. The ex-dividend date is Friday, May 17th.
Read our dividend analysis for MAC
.

Is Macerich a good dividend stock?

Macerich (NYSE:MAC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 4.93%. MAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MAC.

What guidance has Macerich issued on next quarter's earnings?

Macerich issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 1.760-1.860 for the period, compared to the consensus EPS estimate of 1.790. The company issued revenue guidance of -.

What is Art Coppola's approval rating as Macerich's CEO?

60 employees have rated Macerich Chief Executive Officer Art Coppola on Glassdoor.com. Art Coppola has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Macerich own?
Who are Macerich's major shareholders?

Macerich's stock is owned by a variety of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (0.52%), Commonwealth Equity Services LLC (0.20%), Jessup Wealth Management Inc (0.19%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Lodestone Wealth Management LLC (0.08%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Ann C Menard, Christopher J Zecchini, Doug J Healey, Edward C Coppola, Hern Thomas E O, Kenneth Volk, Scott W Kingsmore, Steven L Soboroff and Steven L Soboroff.
View institutional ownership trends
.

How do I buy shares of Macerich?

Shares of MAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Macerich have any subsidiaries?
The following companies are subsidiares of Macerich: 801 MARKET VENTURE GP LLC, 801-GALLERY ASSOCIATES L.P., 801-GALLERY C-3 ASSOCIATES L.P., 801-GALLERY GP LLC, AM TYSONS LLC, Amphenol Sincere Industrial Product Gyarto. Kft, BILTMORE SHOPPING CENTER PARTNERS LLC, BROOKLYN KINGS PLAZA LLC, CAM-CARSON LLC, COOLIDGE HOLDING LLC, CORTE MADERA VILLAGE LLC, COUNTRY CLUB PLAZA KC PARTNERS LLC, DANBURY MALL LLC, DESERT SKY MALL LLC, EAST MESA ADJACENT LLC, EAST MESA MALL L.L.C., FASHION OUTLETS II LLC, FASHION OUTLETS OF CHICAGO EXPANSION LLC, FASHION OUTLETS OF CHICAGO LLC, FIFTH WALL VENTURES II L.P., FIFTH WALL VENTURES L.P., FIFTH WALL VENTURES RETAIL FUND L.P., FOC ADJACENT LLC, FREE RACE MALL REST. L.P., FREEHOLD CHANDLER HOLDINGS LP, GOODYEAR PERIPHERAL LLC, GREEN ACRES ADJACENT LLC, HPP-MAC WSP LLC, KIERLAND COMMONS INVESTMENT LLC, KINGS PLAZA ENERGY LLC, KINGS PLAZA GROUND LEASE LLC, MACERICH ARIZONA MANAGEMENT LLC, MACERICH ARIZONA PARTNERS LLC, MACERICH BUENAVENTURA LIMITED PARTNERSHIP, MACERICH FARGO ASSOCIATES, MACERICH FRESNO ADJACENT LP, MACERICH FRESNO LIMITED PARTNERSHIP, MACERICH HHF BROADWAY PLAZA LLC, MACERICH HHF CENTERS LLC, MACERICH HOLDINGS LLC, MACERICH INLAND LP, MACERICH INVESTMENTS LLC, MACERICH JANSS MARKETPLACE HOLDINGS LLC, MACERICH LA CUMBRE 9.45 AC LLC, MACERICH LA CUMBRE GP LLC, MACERICH LA CUMBRE LP, MACERICH MANAGEMENT COMPANY, MACERICH NB FREEHOLD LLC, MACERICH NIAGARA LLC, MACERICH NORTH PARK MALL LLC, MACERICH OAKS LP, MACERICH PARTNERS OF COLORADO LLC, MACERICH PPR CORP., MACERICH PROPERTY MANAGEMENT COMPANY LLC, MACERICH SMP LP, MACERICH SOUTH PARK MALL LLC, MACERICH SOUTHRIDGE MALL LLC, MACERICH STONEWOOD CORP., MACERICH TYSONS LLC, MACERICH VALLEY RIVER CENTER LLC, MACERICH VICTOR VALLEY LP, MACERICH VINTAGE FAIRE LIMITED PARTNERSHIP, MACJ LLC, MACPT LLC, MACW FREEHOLD LLC, MACW MALL MANAGEMENT INC., MACW PROPERTY MANAGEMENT LLC, MACW TYSONS LLC, MACWH LP, MP PS LLC, MS PORTFOLIO LLC, MVRC HOLDING LLC, MW INVESTMENT GP CORP., NEW RIVER ASSOCIATES LLC, ONE SCOTTSDALE INVESTORS LLC, PACIFIC PREMIER RETAIL LLC, PM GALLERY LP, PROPCOR II ASSOCIATES LLC, PV LAND SPE LLC, QUEENS CENTER REIT LLC, QUEENS CENTER SPE LLC, RAILHEAD ASSOCIATES L.L.C., SCOTTSDALE FASHION SQUARE PARTNERSHIP, SM EASTLAND MALL LLC, SM VALLEY MALL LLC, THE MACERICH PARTNERSHIP L.P., THE WESTCOR COMPANY II LIMITED PARTNERSHIP, THE WESTCOR COMPANY LIMITED PARTNERSHIP, TM TRS HOLDING COMPANY LLC, TOWNE MALL L.L.C., TWC TUCSON LLC, TYSONS CORNER HOTEL I LLC, TYSONS CORNER LLC, TYSONS CORNER PROPERTY HOLDINGS II LLC, TYSONS CORNER PROPERTY LLC, VALLEY STREAM GREEN ACRES LLC, WESTCOR SANTAN ADJACENT LLC, WESTCOR SANTAN VILLAGE LLC, WESTCOR SURPRISE RSC II LLC, WESTCOR SURPRISE RSC LLC, WESTCOR/GOODYEAR L.L.C., WESTCOR/PARADISE RIDGE L.L.C., WESTCOR/SURPRISE LLC, WILTON MALL LLC, WMAP L.L.C., Westcor Realty Limited Partnership, and Wilmorite Holdings LP.
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This page (NYSE:MAC) was last updated on 5/4/2024 by MarketBeat.com Staff

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