Wall Street Analyst Downgrade The Macerich Company [MAC]. What else is Wall St. saying

The Macerich Company [NYSE: MAC] slipped around -0.09 points on Thursday, while shares priced at $10.24 at the close of the session, down -0.87%. The company report on October 18, 2022 that #1-RANKED MACERICH CELEBRATES GROWING GRESB PARTICIPATION, RAISING THE BAR FOR SUSTAINABILITY PERFORMANCE IN REAL ESTATE.

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Macerich ranks #1 among peers for 8th year, earns ‘A’ score for disclosure.

Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, has earned the #1 ranking among U.S. retail centers in the 2022 GRESB Real Estate Assessment.

The Macerich Company stock is now -40.74% down from its year-to-date (YTD) trading value. MAC Stock saw the intraday high of $10.62 and lowest of $10.09 per share. The company’s 52-week high price is 22.88, which means current price is +38.38% above from all time high which was touched on 01/05/22.

Compared to the average trading volume of 2.40M shares, MAC reached a trading volume of 3179596 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Macerich Company [MAC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAC shares is $11.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAC stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for The Macerich Company shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on April 18, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $13 to $23. The new note on the price target was released on November 04, 2021, representing the official price target for The Macerich Company stock. Previously, the target price had yet another raise from $16 to $18, while Evercore ISI kept a In-line rating on MAC stock. On July 15, 2021, analysts increased their price target for MAC shares from 10 to 19.

The Average True Range (ATR) for The Macerich Company is set at 0.43, with the Price to Sales ratio for MAC stock in the period of the last 12 months amounting to 2.54. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 0.50. Price to Free Cash Flow for MAC in the course of the last twelve months was 18.90.

How has MAC stock performed recently?

The Macerich Company [MAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.94. With this latest performance, MAC shares gained by 25.34% in over the last four-week period, additionally sinking by -22.07% over the last 6 months – not to mention a drop of -42.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAC stock in for the last two-week period is set at 68.37, with the RSI for the last a single of trading hit 75.40, and the three-weeks RSI is set at 62.43 for The Macerich Company [MAC]. The present Moving Average for the last 50 days of trading for this stock 9.22, while it was recorded at 9.94 for the last single week of trading, and 12.05 for the last 200 days.

The Macerich Company [MAC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Macerich Company [MAC] shares currently have an operating margin of +13.08 and a Gross Margin at +17.72. The Macerich Company’s Net Margin is presently recorded at -5.96.

Return on Equity for this stock declined to -1.89, with Return on Assets sitting at -0.57.

Earnings analysis for The Macerich Company [MAC]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Macerich Company go to 0.21%.

Insider trade positions for The Macerich Company [MAC]

There are presently around $1,855 million, or 85.50% of MAC stock, in the hands of institutional investors. The top three institutional holders of MAC stocks are: VANGUARD GROUP INC with ownership of 30,853,095, which is approximately 1.616% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 30,029,310 shares of the stock with an approximate value of $307.5 million in MAC stocks shares; and SMEAD CAPITAL MANAGEMENT, INC., currently with $147.22 million in MAC stock with ownership of nearly 7.029% of the company’s market capitalization.

Positions in The Macerich Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 147 institutional holders increased their position in The Macerich Company [NYSE:MAC] by around 15,980,059 shares. Additionally, 144 investors decreased positions by around 19,421,064 shares, while 40 investors held positions by with 145,719,170 shares. The mentioned changes placed institutional holdings at 181,120,293 shares, according to the latest SEC report filing. MAC stock had 32 new institutional investments in for a total of 1,737,655 shares, while 40 institutional investors sold positions of 8,972,040 shares during the same period.


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