Macerich Company Stock Buy Hold or Sell Recommendation
MAC Stock | USD 15.69 0.40 2.62% |
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 13.92 | Target Price 11.82 | Hype Value 15.71 | Market Value 15.69 |
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.
Macerich |
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
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Macerich Trading Alerts and Improvement Suggestions
Macerich generated a negative expected return over the last 90 days | |
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: Smead Capital Management Inc. Reduces Position in The Macerich Company - MarketBeat |
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 | 0.03 | Value At Risk | -3.39 | Potential Upside | 2.85 | Standard Deviation | 1.98 |
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 Accounts | 2023-12-31 | 2.6 M | Northern Trust Corp | 2023-12-31 | 2.5 M | Goldman Sachs Group Inc | 2023-12-31 | 2.5 M | Bank Of New York Mellon Corp | 2023-12-31 | 2.4 M | Cbre Investment Management Listed Real Assets Llc | 2023-12-31 | 2.3 M | Legal & General Group Plc | 2023-12-31 | 2 M | Nuveen Asset Management, Llc | 2023-12-31 | 1.5 M | Norges Bank | 2023-12-31 | 1.4 M | Kennedy Capital Management Inc | 2023-12-31 | 1.4 M | Blackrock Inc | 2023-12-31 | 40.9 M | Vanguard Group Inc | 2023-12-31 | 34.5 M |
Macerich Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change In Cash | (35.1M) | 368.4M | (315.7M) | 14.2M | 9.2M | 9.6M | |
Free Cash Flow | 155.3M | 53.3M | 175.4M | 239.6M | 136.0M | 142.8M | |
Depreciation | 337.7M | 326.1M | 324.4M | 302.5M | 282.4M | 242.5M | |
Other Non Cash Items | (119.2M) | 138.7M | (119.8M) | 21.4M | 256.2M | 269.0M | |
Capital Expenditures | 199.8M | 71.5M | 110.9M | 97.9M | 159.5M | 271.8M | |
Net Income | 102.6M | (245.5M) | 16.2M | (65.1M) | (274.1M) | (260.4M) | |
End Period Cash Flow | 114.2M | 482.7M | 167.0M | 181.1M | 190.3M | 121.7M | |
Change To Inventory | (23.8M) | (12.3M) | 40.2M | 17.9M | 16.1M | 17.0M | |
Dividends Paid | 474.5M | 179.9M | 143.4M | 186.3M | 159.3M | 301.2M | |
Investments | (184.1M) | (232.5M) | (85.5M) | (81.7M) | (15.7M) | (16.5M) | |
Change Receivables | 4.0M | (102.6M) | 64.4M | 3.0M | 2.7M | 2.8M | |
Net Borrowings | 221.2M | 621.7M | (1.5B) | (135.5M) | (122.0M) | (115.9M) | |
Change To Netincome | (102.6M) | (54.8M) | (15.2M) | 48.7M | 56.0M | 58.8M |
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 | -0.13 | |
β | Beta against NYSE Composite | 1.91 | |
σ | Overall volatility | 1.99 | |
Ir | Information ratio | -0.03 |
Macerich Volatility Alert
Macerich Company currently demonstrates below-average downside deviation. It has Information Ratio of -0.03 and Jensen Alpha of -0.13. 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 |
Fundamentals | Macerich | Peer Average |
Return On Equity | -0.1 | -0.31 |
Return On Asset | 0.012 | -0.14 |
Profit Margin | (0.32) % | (1.27) % |
Operating Margin | 0.55 % | (5.51) % |
Current Valuation | 7.7 B | 16.62 B |
Shares Outstanding | 215.72 M | 571.82 M |
Shares Owned By Insiders | 0.61 % | 10.09 % |
Shares Owned By Institutions | 90.28 % | 39.21 % |
Number Of Shares Shorted | 12.56 M | 4.71 M |
Price To Earning | 53.00 X | 28.72 X |
Price To Book | 1.42 X | 9.51 X |
Price To Sales | 4.22 X | 11.42 X |
Revenue | 881.37 M | 9.43 B |
Gross Profit | 475.16 M | 27.38 B |
EBITDA | 459.94 M | 3.9 B |
Net Income | (274.06 M) | 570.98 M |
Cash And Equivalents | 100.32 M | 2.7 B |
Cash Per Share | 0.50 X | 5.01 X |
Total Debt | 4.41 B | 5.32 B |
Debt To Equity | 1.52 % | 48.70 % |
Current Ratio | 0.45 X | 2.16 X |
Book Value Per Share | 11.33 X | 1.93 K |
Cash Flow From Operations | 295.5 M | 971.22 M |
Short Ratio | 6.56 X | 4.00 X |
Earnings Per Share | (1.28) X | 3.12 X |
Price To Earnings To Growth | (485.00) X | 4.89 X |
Target Price | 16.41 | |
Number Of Employees | 654 | 18.84 K |
Beta | 2.36 | -0.15 |
Market Capitalization | 3.44 B | 19.03 B |
Total Asset | 7.51 B | 29.47 B |
Retained Earnings | (3.06 B) | 9.33 B |
Working Capital | (195.19 M) | 1.48 B |
Note: Disposition of 20000 shares by Edward Coppola of Macerich at 17.01 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.
Accumulation Distribution | 32438.19 | |||
Daily Balance Of Power | 0.8163 | |||
Rate Of Daily Change | 1.03 | |||
Day Median Price | 15.52 | |||
Day Typical Price | 15.58 | |||
Price Action Indicator | 0.37 | |||
Period Momentum Indicator | 0.4 |
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 Total | 4.6B | 4.5B | 4.4B | 3.8B | Total Assets | 8.3B | 8.1B | 7.5B | 7.1B |
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.Did You Try This Idea?
Run Latest Gainers Thematic Idea Now
Latest Gainers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 143 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 Latest Gainers Theme or any other thematic opportunities.
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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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Macerich Stock analysis
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.