Macerich Co (NYSE: MAC) has experienced a rise in its stock price by 1.16 compared to its previous closing price of 19.89. However, the company has seen a gain of 2.76% in its stock price over the last five trading days. seekingalpha.com reported 2025-01-22 that The REIT sector took a beating in December with an average total return of -6.85% but still finished in the black for full year 2024 (+3.70%). Small cap (-5.98%) and mid cap REITs (-6.62%) outperformed large caps (-7.43%) and micro caps (-8.63%) in December. Only 9.68% of REIT securities had a positive total return in December. 55.63% had a positive total return for all of 2024.
Is It Worth Investing in Macerich Co (NYSE: MAC) Right Now?
The stock has a 36-month beta value of 2.53. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for MAC is 246.79M, and at present, short sellers hold a 5.93% of that float. On January 24, 2025, the average trading volume of MAC was 2.16M shares.
MAC’s Market Performance
MAC’s stock has seen a 2.76% increase for the week, with a 1.00% rise in the past month and a 8.99% gain in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 2.59% for Macerich Co. The simple moving average for the past 20 days is 0.59% for MAC’s stock, with a 17.66% simple moving average for the past 200 days.
Analysts’ Opinion of MAC
Many brokerage firms have already submitted their reports for MAC stocks, with Morgan Stanley repeating the rating for MAC by listing it as a “Equal-Weight.” The predicted price for MAC in the upcoming period, according to Morgan Stanley is $20 based on the research report published on January 15, 2025 of the current year 2025.
Jefferies, on the other hand, stated in their research note that they expect to see MAC reach a price target of $23, previously predicting the price at $19. The rating they have provided for MAC stocks is “Buy” according to the report published on January 02nd, 2025.
Scotiabank gave a rating of “Sector Perform” to MAC, setting the target price at $22 in the report published on December 17th of the previous year.
MAC Trading at -0.95% from the 50-Day Moving Average
After a stumble in the market that brought MAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.65% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.25% upper at present.
During the last 5 trading sessions, MAC rose by +2.76%, which changed the moving average for the period of 200-days by +24.89% in comparison to the 20-day moving average, which settled at $20.00. In addition, Macerich Co saw 1.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MAC starting from Stephen Andrea M, who sale 63,289 shares at the price of $20.59 back on Dec 26 ’24. After this action, Stephen Andrea M now owns 0 shares of Macerich Co, valued at $1,303,121 using the latest closing price.
O’Hern Living Trust U/A/D 11-2, the Thomas O’Hern TTEE O’Hern Liv of Macerich Co, proposed sale 57,200 shares at $19.50 during a trade that took place back on Nov 12 ’24, which means that O’Hern Living Trust U/A/D 11-2 is holding shares at $1,115,400 based on the most recent closing price.
Stock Fundamentals for MAC
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.31 for the gross margin
The net margin for Macerich Co stands at 0.09. The total capital return value is set at 0.03. Equity return is now at value 3.16, with 1.03 for asset returns.
Based on Macerich Co (MAC), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.76. The interest coverage ratio of the stock is 1.35.
Currently, EBITDA for the company is 190.72 million with net debt to EBITDA at 7.15. When we switch over and look at the enterprise to sales, we see a ratio of 10.49. The receivables turnover for the company is 6.65for trailing twelve months and the total asset turnover is 0.12.
Conclusion
To sum up, Macerich Co (MAC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
