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Macerich - MAC Stock Forecast, Price & News

$11.22
+0.12 (+1.08%)
(As of 08/12/2022 10:04 AM ET)
Add
Compare
Today's Range
$11.20
$11.33
50-Day Range
$8.71
$11.48
52-Week Range
$8.42
$22.88
Volume
9,762 shs
Average Volume
2.08 million shs
Market Capitalization
$2.41 billion
P/E Ratio
62.33
Dividend Yield
5.43%
Price Target
$15.41

Macerich MarketRank™ Forecast

Analyst Rating
Hold
1.73 Rating Score
Upside/​Downside
38.8% Upside
$15.41 Price Target
Short Interest
Healthy
6.59% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.05
Upright™ Environmental Score
News Sentiment
0.07mentions of Macerich in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$1.17 M Bought Last Quarter
Proj. Earnings Growth
-0.51%
From $1.96 to $1.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Finance Sector

162nd out of 920 stocks

Real Estate Investment Trusts Industry

32nd out of 194 stocks

MAC stock logo

About Macerich (NYSE:MAC) Stock

Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 - 2019).

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Macerich from $13.50 to $12.00 and set a "sell" rating on the stock in a research note on Friday, May 20th. Jefferies Financial Group decreased their price objective on shares of Macerich from $15.00 to $9.00 and set a "hold" rating for the company in a report on Thursday, June 30th. StockNews.com downgraded shares of Macerich from a "hold" rating to a "sell" rating in a report on Wednesday, August 3rd. Piper Sandler reduced their price target on shares of Macerich to $9.00 in a report on Monday, July 4th. Finally, Morgan Stanley reduced their price target on shares of Macerich from $11.25 to $8.50 and set an "underweight" rating for the company in a report on Thursday, July 7th. Seven equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $15.41.

Macerich Price Performance

Macerich stock traded up $0.06 during midday trading on Thursday, hitting $11.10. The company's stock had a trading volume of 2,449,355 shares, compared to its average volume of 2,960,075. The company has a quick ratio of 1.27, a current ratio of 1.21 and a debt-to-equity ratio of 1.45. The stock's 50-day moving average price is $9.82 and its 200-day moving average price is $12.82. Macerich has a 12 month low of $8.42 and a 12 month high of $22.88. The company has a market capitalization of $2.38 billion, a PE ratio of 61.33, a price-to-earnings-growth ratio of 1.29 and a beta of 1.97.

Macerich (NYSE:MAC - Get Rating) last announced its quarterly earnings results on Monday, May 9th. The real estate investment trust reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.63). The firm had revenue of $216.10 million during the quarter, compared to the consensus estimate of $209.20 million. Macerich had a net margin of 4.30% and a return on equity of 1.18%. The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Analysts anticipate that Macerich will post 1.96 earnings per share for the current fiscal year.

Macerich Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Friday, August 19th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.41%. Macerich's payout ratio is currently 333.33%.

Insiders Place Their Bets

In related news, CEO Hern Thomas E. O bought 25,000 shares of the firm's stock in a transaction on Monday, June 13th. The stock was purchased at an average price of $9.49 per share, with a total value of $237,250.00. Following the completion of the transaction, the chief executive officer now directly owns 162,880 shares of the company's stock, valued at $1,545,731.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Hern Thomas E. O bought 25,000 shares of the firm's stock in a transaction on Monday, June 13th. The stock was purchased at an average price of $9.49 per share, with a total value of $237,250.00. Following the completion of the transaction, the chief executive officer now directly owns 162,880 shares of the company's stock, valued at $1,545,731.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Edward C. Coppola bought 60,000 shares of the firm's stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of $8.75 per share, with a total value of $525,000.00. Following the transaction, the president now directly owns 575,739 shares of the company's stock, valued at $5,037,716.25. The disclosure for this purchase can be found here. Insiders purchased 125,000 shares of company stock valued at $1,173,450 over the last 90 days. 1.77% of the stock is currently owned by company insiders.

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MAC Stock News Headlines

Expert Ratings for Macerich
Macerich (NYSE:MAC) Downgraded by StockNews.com to Sell
Expert Ratings for Macerich - Benzinga
Macerich Earnings: Another Strong Quarter
Macerich Sees Wider FY22 Loss - Update
Macerich: Q2 Earnings Snapshot - Greenwich Time
Macerich (MAC) Scheduled to Post Earnings on Thursday
See More Headlines
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MAC Company Calendar

Last Earnings
5/09/2022
Ex-Dividend for 6/3 Dividend
5/19/2022
Dividend Payable
6/03/2022
Today
8/12/2022
Ex-Dividend for 9/8 Dividend
8/18/2022
Dividend Payable
9/08/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
55438210
Employees
639
Year Founded
1964

Price Target and Rating

Average Stock Price Forecast
$15.41
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+37.3%
Consensus Rating
Hold
Rating Score (0-4)
1.73
Research Coverage
11 Analysts

Profitability

Net Income
$14.26 million
Pretax Margin
-8.66%

Debt

Sales & Book Value

Annual Sales
$847.44 million
Cash Flow
$1.68 per share
Book Value
$14.23 per share

Miscellaneous

Free Float
210,846,000
Market Cap
$2.41 billion
Optionable
Optionable
Beta
1.97

Social Links


Key Executives

  • Mr. Thomas E. O'Hern CPA (Age 66)
    CEO & Director
    Comp: $3.75M
  • Mr. Edward C. Coppola (Age 67)
    Pres & Director
    Comp: $3.6M
  • Mr. Scott W. Kingsmore (Age 54)
    Sr. EVP, CFO & Treasurer
    Comp: $1.45M
  • Ms. Ann C. Menard (Age 58)
    Sr. EVP, Chief Legal Officer & Sec.
    Comp: $1.42M
  • Mr. Douglas J. Healey (Age 59)
    Sr. EVP & Head of Leasing
    Comp: $1.42M
  • Mr. Christopher J. Zecchini (Age 58)
    Sr. VP & Chief Accounting Officer
  • Samantha Greening
    Director of Investor Relations
  • Ms. Olivia Bartel Leigh
    Exec. VP of Portfolio Operations & People
  • Mr. Robert F. Beffa (Age 62)
    Sr. VP of Real Estate
  • Mr. Kenneth L. Volk (Age 59)
    Exec. VP of Bus. Devel.













MAC Stock - Frequently Asked Questions

Should I buy or sell Macerich stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last year. There are currently 6 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAC, but not buy additional shares or sell existing shares.
View MAC analyst ratings
or view top-rated stocks.

What is Macerich's stock price forecast for 2022?

11 Wall Street research analysts have issued 1-year price targets for Macerich's shares. Their MAC share price forecasts range from $8.50 to $35.00. On average, they expect the company's stock price to reach $15.41 in the next twelve months. This suggests a possible upside of 38.8% 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 2022?

Macerich's stock was trading at $17.28 on January 1st, 2022. Since then, MAC stock has decreased by 35.8% and is now trading at $11.10.
View the best growth stocks for 2022 here
.

When is Macerich's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MAC earnings forecast
.

How were Macerich's earnings last quarter?

The Macerich Company (NYSE:MAC) announced its quarterly earnings results on Monday, May, 9th. The real estate investment trust reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.46 by $0.63. The real estate investment trust had revenue of $216.10 million for the quarter, compared to analyst estimates of $209.20 million. Macerich had a trailing twelve-month return on equity of 1.18% and a net margin of 4.30%. The business's revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share.

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

Macerich declared a quarterly dividend on Wednesday, July 20th. Investors of record on Friday, August 19th will be paid a dividend of $0.15 per share on Thursday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for MAC
.

Is Macerich a good dividend stock?

Macerich (NYSE:MAC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.43%. MAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 333.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MAC will have a dividend payout ratio of 30.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MAC.

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

Macerich issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.92-$2.04 for the period. 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?

What is Macerich's stock symbol?

Macerich trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAC."

Who are Macerich's major shareholders?

Macerich's stock is owned by many different retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (3.48%), Kennedy Capital Management Inc. (0.46%), Principal Financial Group Inc. (0.39%), Royce & Associates LP (0.37%), Rhumbline Advisers (0.36%) and Victory Capital Management Inc. (0.31%). Insiders that own company stock include Ann C Menard, Christopher J Zecchini, Dana K Anderson, Doug J Healey, Edward C Coppola, Hern Thomas E O, John H Alschuler Jr, Kenneth Volk, Steve Hash, Steven L Soboroff, Steven L Soboroff and Teachers Pension Plan Ontario.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Macerich's stock price today?

One share of MAC stock can currently be purchased for approximately $11.10.

How much money does Macerich make?

Macerich (NYSE:MAC) has a market capitalization of $2.38 billion and generates $847.44 million in revenue each year. The real estate investment trust earns $14.26 million in net income (profit) each year or $0.18 on an earnings per share basis.

How many employees does Macerich have?

The company employs 639 workers across the globe.

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.
Read More

When was Macerich founded?

Macerich was founded in 1964.

How can I contact Macerich?

Macerich's mailing address is 401 WILSHIRE BLVD STE 700, SANTA MONICA CA, 90401. The official website for the company is www.macerich.com. The real estate investment trust can be reached via phone at (310) 394-6000, via email at jean.wood@macerich.com, or via fax at 310-395-2791.

This page (NYSE:MAC) was last updated on 8/12/2022 by MarketBeat.com Staff

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