Is Macerich Stock a Good Investment?
Macerich Investment Advice | MAC |
- Examine Macerich's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Macerich's leadership team and their track record. Good management can help Macerich navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Retail REITs space and any emerging trends that could impact Macerich's business and its evolving consumer preferences.
- Compare Macerich's performance and market position to its competitors. Analyze how Macerich is positioned in terms of product offerings, innovation, and market share.
- Check if Macerich pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Macerich's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Macerich Company stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Macerich Company is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Strong | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Macerich Stock
Researching Macerich's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 83.0% of the company shares are owned by institutional investors. The book value of Macerich was now reported as 11.12. The company last dividend was issued on the 12th of November 2024. Macerich had 1014:1000 split on the 11th of February 2010.
To determine if Macerich is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Macerich's research are outlined below:
| Macerich Company has 4.31 B in debt with debt to equity (D/E) ratio of 1.53, which is OK given its current industry classification. Macerich has a current ratio of 0.44, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Macerich to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 881.37 M. Reported Net Loss for the year was (278.1 M) with profit before taxes, overhead, and interest of 475.16 M. | |
| Over 83.0% of Macerich shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Macerich Shares Gap Up Whats Next |
Macerich Quarterly Liabilities And Stockholders Equity |
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Macerich uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Macerich Company. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Macerich's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Macerich's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Macerich's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-08-08 | 2023-06-30 | -0.08 | -0.07 | 0.01 | 12 | ||
2010-11-04 | 2010-09-30 | 0.07 | 0.06 | -0.01 | 14 | ||
2023-02-07 | 2022-12-31 | 0.03 | 0.01 | -0.02 | 66 | ||
2022-07-28 | 2022-06-30 | -0.05 | -0.07 | -0.02 | 40 | ||
2020-11-05 | 2020-09-30 | -0.17 | -0.15 | 0.02 | 11 | ||
2019-10-31 | 2019-09-30 | 0.08 | 0.06 | -0.02 | 25 | ||
2020-05-11 | 2020-03-31 | 0.02 | 0.05 | 0.03 | 150 | ||
2019-08-01 | 2019-06-30 | 0.07 | 0.1 | 0.03 | 42 |
Know Macerich's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Macerich is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Macerich Company backward and forwards among themselves. Macerich's institutional investor refers to the entity that pools money to purchase Macerich's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wellington Management Company Llp | 2024-06-30 | 3.5 M | Letko, Brosseau & Associates Inc. | 2024-09-30 | 3.3 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 3.2 M | Ameriprise Financial Inc | 2024-06-30 | 3.2 M | Fisher Asset Management, Llc | 2024-09-30 | 3 M | Jpmorgan Chase & Co | 2024-06-30 | 2.8 M | Hhg Plc | 2024-06-30 | 2.7 M | Northern Trust Corp | 2024-09-30 | 2.7 M | Citadel Advisors Llc | 2024-09-30 | 2.5 M | Blackrock Inc | 2024-06-30 | 39.9 M | Vanguard Group Inc | 2024-09-30 | 34.1 M |
Macerich's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 5.45 B.Market Cap |
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Macerich's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.04) | (0.04) | |
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Assets | (0.04) | (0.03) | |
| Return On Equity | (0.11) | (0.11) |
Determining Macerich's profitability involves analyzing its financial statements and using various financial metrics to determine if Macerich is a good buy. For example, gross profit margin measures Macerich's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Macerich's profitability and make more informed investment decisions.
Please note, the presentation of Macerich's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Macerich's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Macerich's management manipulating its earnings.
Evaluate Macerich's management efficiency
The current year's Return On Tangible Assets is expected to grow to -0.04. In addition to that, Return On Capital Employed is expected to decline to 0.02. At present, Macerich's Other Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 450.5 M, whereas Total Assets are forecasted to decline to about 7.1 B. Macerich's management efficiency ratios could be used to measure how well Macerich manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 11.73 | 17.08 | |
| Tangible Book Value Per Share | 11.42 | 16.47 | |
| Enterprise Value Over EBITDA | 39.54 | 41.51 | |
| Price Book Value Ratio | 1.36 | 2.55 | |
| Enterprise Value Multiple | 39.54 | 41.51 | |
| Price Fair Value | 1.36 | 2.55 | |
| Enterprise Value | 3.4 B | 6.3 B |
Evaluating the management effectiveness of Macerich allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Macerich Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Dividend Yield 0.0321 | Forward Dividend Yield 0.0321 | Forward Dividend Rate 0.68 | Beta 2.483 |
Basic technical analysis of Macerich Stock
As of the 1st of December, Macerich secures the Risk Adjusted Performance of 0.2225, downside deviation of 1.63, and Mean Deviation of 1.38. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Macerich, as well as the relationship between them.Macerich's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Macerich insiders, such as employees or executives, is commonly permitted as long as it does not rely on Macerich's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Macerich insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Macerich's Outstanding Corporate Bonds
Macerich issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Macerich uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Macerich bonds can be classified according to their maturity, which is the date when Macerich Company has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand Macerich's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Macerich's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.2225 | |||
| Market Risk Adjusted Performance | 0.6715 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.18 | |||
| Downside Deviation | 1.63 | |||
| Coefficient Of Variation | 352.25 | |||
| Standard Deviation | 1.71 | |||
| Variance | 2.92 | |||
| Information Ratio | 0.2033 | |||
| Jensen Alpha | 0.3832 | |||
| Total Risk Alpha | 0.1897 | |||
| Sortino Ratio | 0.2131 | |||
| Treynor Ratio | 0.6615 | |||
| Maximum Drawdown | 7.19 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 3.07 | |||
| Downside Variance | 2.65 | |||
| Semi Variance | 1.4 | |||
| Expected Short fall | (1.65) | |||
| Skewness | (0.35) | |||
| Kurtosis | 0.3109 |
| Risk Adjusted Performance | 0.2225 | |||
| Market Risk Adjusted Performance | 0.6715 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.18 | |||
| Downside Deviation | 1.63 | |||
| Coefficient Of Variation | 352.25 | |||
| Standard Deviation | 1.71 | |||
| Variance | 2.92 | |||
| Information Ratio | 0.2033 | |||
| Jensen Alpha | 0.3832 | |||
| Total Risk Alpha | 0.1897 | |||
| Sortino Ratio | 0.2131 | |||
| Treynor Ratio | 0.6615 | |||
| Maximum Drawdown | 7.19 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 3.07 | |||
| Downside Variance | 2.65 | |||
| Semi Variance | 1.4 | |||
| Expected Short fall | (1.65) | |||
| Skewness | (0.35) | |||
| Kurtosis | 0.3109 |
Consider Macerich's intraday indicators
Macerich intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Macerich stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Macerich Corporate Filings
8K | 27th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 26th of November 2024 Other Reports | ViewVerify | |
F3 | 22nd of November 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
13A | 12th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
Macerich Stock media impact
Far too much social signal, news, headlines, and media speculation about Macerich that are available to investors today. That information is available publicly through Macerich media outlets and privately through word of mouth or via Macerich internal channels. However, regardless of the origin, that massive amount of Macerich data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Macerich news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Macerich relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Macerich's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Macerich alpha.
Macerich Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Macerich can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Macerich Historical Investor Sentiment
Investor biases related to Macerich's public news can be used to forecast risks associated with an investment in Macerich. The trend in average sentiment can be used to explain how an investor holding Macerich can time the market purely based on public headlines and social activities around Macerich Company. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Macerich's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Macerich and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Macerich news discussions. The higher the estimate score, the more favorable the investor's outlook on Macerich.
Macerich Corporate Directors
| Steven Soboroff | Independent Director | Profile | |
| John Alschuler | Independent Director | Profile | |
| Peggy Alford | Independent Director | Profile | |
| Diana Laing | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macerich Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Retail REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macerich. If investors know Macerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 39.711 | Dividend Share 0.68 | Earnings Share 0.36 | Revenue Per Share 3.639 | Quarterly Revenue Growth (0.03) |
The market value of Macerich is measured differently than its book value, which is the value of Macerich that is recorded on the company's balance sheet. Investors also form their own opinion of Macerich's value that differs from its market value or its book value, called intrinsic value, which is Macerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macerich's market value can be influenced by many factors that don't directly affect Macerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Macerich's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Macerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.