Macerich Company Stock Buy Hold or Sell Recommendation

MAC Stock  USD 17.09  0.42  2.52%   
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Macerich Company is 'Strong Hold'. Macroaxis provides Macerich buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Macerich positions. The advice algorithm takes into account all of Macerich's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Macerich's buy or sell advice are summarized below:
Real Value
14.2
Target Price
11.82
Hype Value
16.98
Market Value
17.09
Naive Value
17.68
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Macerich Company given historical horizon and risk tolerance towards Macerich. When Macroaxis issues a 'buy' or 'sell' recommendation for Macerich Company, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Macerich Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Macerich and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Macerich Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Execute Macerich Buy or Sell Advice

The Macerich recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Macerich Company. Macroaxis does not own or have any residual interests in Macerich Company or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Macerich's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell MacerichBuy Macerich
Strong Hold

Market Performance

OKDetails

Volatility

Not too volatileDetails

Hype Condition

Over hypedDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

HoldDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Macerich Company has a Risk Adjusted Performance of 0.0558, Jensen Alpha of (0.09), Total Risk Alpha of (0.28), Sortino Ratio of 0.0171 and Treynor Ratio of 0.0796
Our investment recommendation tool can cross-verify current analyst consensus on Macerich Company and to analyze the entity potential to grow in the current economic cycle. To make sure Macerich is not overpriced, please verify all Macerich Company fundamentals, including its price to sales, cash per share, and the relationship between the number of shares shorted and ebitda . Given that Macerich has a price to book of 1.47 X, we recommend you to check Macerich market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Macerich Trading Alerts and Improvement Suggestions

The company has 4.41 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. Debt can assist Macerich until it has trouble settling it off, either with new capital or with free cash flow. So, Macerich's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Macerich sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Macerich to invest in growth at high rates of return. When we think about Macerich's use of debt, we should always consider it together with cash and equity.
The entity reported the last year's revenue of 881.37 M. Reported Net Loss for the year was (274.06 M) with profit before taxes, overhead, and interest of 475.16 M.
Over 90.0% of Macerich shares are owned by institutional investors
On 4th of March 2024 Macerich paid $ 0.17 per share dividend to its current shareholders
Latest headline from news.google.com: Peggy Alford to Exit Macerich Companys Board of Directors - TipRanks.com - TipRanks

Macerich Returns Distribution Density

The distribution of Macerich's historical returns is an attempt to chart the uncertainty of Macerich's future price movements. The chart of the probability distribution of Macerich daily returns describes the distribution of returns around its average expected value. We use Macerich Company price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Macerich returns is essential to provide solid investment advice for Macerich.
Mean Return
0.17
Value At Risk
-3.23
Potential Upside
2.91
Standard Deviation
1.95
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Macerich historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Macerich Stock 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 originates 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
Morgan Stanley - Brokerage Accounts2023-12-31
2.6 M
Northern Trust Corp2023-12-31
2.5 M
Goldman Sachs Group Inc2023-12-31
2.5 M
Bank Of New York Mellon Corp2023-12-31
2.4 M
Cbre Investment Management Listed Real Assets Llc2023-12-31
2.3 M
Legal & General Group Plc2023-12-31
M
Nuveen Asset Management, Llc2023-12-31
1.5 M
Norges Bank2023-12-31
1.4 M
Kennedy Capital Management Inc2023-12-31
1.4 M
Blackrock Inc2023-12-31
40.9 M
Vanguard Group Inc2023-12-31
34.5 M
Note, although Macerich's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Macerich Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash(35.1M)368.4M(315.7M)14.2M9.2M9.6M
Free Cash Flow155.3M53.3M175.4M239.6M136.0M142.8M
Depreciation337.7M326.1M324.4M302.5M282.4M242.5M
Other Non Cash Items(119.2M)138.7M(119.8M)21.4M256.2M269.0M
Capital Expenditures199.8M71.5M110.9M97.9M159.5M271.8M
Net Income102.6M(245.5M)16.2M(65.1M)(274.1M)(260.4M)
End Period Cash Flow114.2M482.7M167.0M181.1M190.3M121.7M
Change To Inventory(23.8M)(12.3M)40.2M17.9M16.1M17.0M
Dividends Paid474.5M(179.9M)(143.4M)(186.3M)(159.3M)(151.3M)
Investments(184.1M)(232.5M)(85.5M)(81.7M)(15.7M)(16.5M)
Change Receivables4.0M(102.6M)64.4M3.0M2.7M2.8M
Net Borrowings221.2M621.7M(1.5B)(135.5M)(122.0M)(115.9M)
Change To Netincome(102.6M)(54.8M)(15.2M)48.7M56.0M58.8M

Macerich Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Macerich or Diversified REITs sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Macerich's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Macerich stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.09
β
Beta against NYSE Composite2.02
σ
Overall volatility
1.95
Ir
Information ratio 0.02

Macerich Volatility Alert

Macerich Company currently demonstrates below-average downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of -0.09. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Macerich's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Macerich's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Macerich Fundamentals Vs Peers

Comparing Macerich's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Macerich's direct or indirect competition across all of the common fundamentals between Macerich and the related equities. This way, we can detect undervalued stocks with similar characteristics as Macerich or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Macerich's fundamental indicators could also be used in its relative valuation, which is a method of valuing Macerich by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Macerich to competition
FundamentalsMacerichPeer Average
Return On Equity-0.1-0.31
Return On Asset0.012-0.14
Profit Margin(0.32) %(1.27) %
Operating Margin0.55 %(5.51) %
Current Valuation7.81 B16.62 B
Shares Outstanding215.72 M571.82 M
Shares Owned By Insiders0.67 %10.09 %
Shares Owned By Institutions89.64 %39.21 %
Number Of Shares Shorted13.15 M4.71 M
Price To Earning53.00 X28.72 X
Price To Book1.47 X9.51 X
Price To Sales4.46 X11.42 X
Revenue881.37 M9.43 B
Gross Profit475.16 M27.38 B
EBITDA459.94 M3.9 B
Net Income(274.06 M)570.98 M
Cash And Equivalents100.32 M2.7 B
Cash Per Share0.50 X5.01 X
Total Debt4.41 B5.32 B
Debt To Equity1.52 %48.70 %
Current Ratio0.45 X2.16 X
Book Value Per Share11.33 X1.93 K
Cash Flow From Operations295.5 M971.22 M
Short Ratio5.14 X4.00 X
Earnings Per Share(1.28) X3.12 X
Price To Earnings To Growth(485.00) X4.89 X
Target Price16.32
Number Of Employees65418.84 K
Beta2.33-0.15
Market Capitalization3.82 B19.03 B
Total Asset7.51 B29.47 B
Retained Earnings(3.06 B)9.33 B
Working Capital(195.19 M)1.48 B
Note: Disposition of 50000 shares by Edward Coppola of Macerich at 17.2009 subject to Rule 16b-3 [view details]

Macerich Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Macerich . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Macerich Buy or Sell Advice

When is the right time to buy or sell Macerich Company? Buying financial instruments such as Macerich Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total4.6B4.5B4.4B3.8B
Total Assets8.3B8.1B7.5B7.1B

Use Investing Ideas to Build Portfolios

In addition to having Macerich in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Computers Thematic Idea Now

Computers
Computers Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Computers theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Computers Theme or any other thematic opportunities.
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When determining whether Macerich offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Macerich's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Macerich Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Macerich Company Stock:
Check out Macerich Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note that the Macerich information on this page should be used as a complementary analysis to other Macerich's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Macerich's price analysis, check to measure Macerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macerich is operating at the current time. Most of Macerich's value examination focuses on studying past and present price action to predict the probability of Macerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macerich's price. Additionally, you may evaluate how the addition of Macerich to your portfolios can decrease your overall portfolio volatility.
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Is Macerich's industry 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
(1.28)
Revenue Per Share
3.973
Quarterly Revenue Growth
0.543
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.
Please note, there is a significant difference between Macerich's value and its price as these two are different measures arrived at by different 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.