How to buy The Macerich Company (MAC) shares in Australia

Learn how to easily invest in The Macerich Company shares.

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The Macerich Company (MAC) is a leading reit-retail business with stocks listed in the US. It opened the day at US$17.49 after a previous close of US$17.2. During the day the price has varied from a low of USD17.43 to a high of USD18.01. The latest price was USD17.88 (25 minute delay). The Macerich Company is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in The Macerich Company

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for The Macerich Company. Find the share by name or ticker symbol: MAC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until The Macerich Company reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$17.2, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of The Macerich Company, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of The Macerich Company. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

The Macerich Company stock price (NYSE:MAC)

Use our graph to track the performance of MAC stocks over time.

The Macerich Company shares at a glance

Information last updated 2021-07-09.
OpenUS$17.49
HighUS$18.01
LowUS$17.43
CloseUS$17.88
Previous closeUS$17.2
Change US$0.68
Change % 3.9535%
Volume 2,946,328
Information last updated 2021-11-27.
52-week rangeUS$9.3717 - US$24.9818
50-day moving average US$19.0044
200-day moving average US$16.1736
Target priceUS$20.92
PE ratio N/A
Dividend yield US$0.6 (2.89%)
Earnings per share (TTM) US$-0.879

Where to buy The Macerich Company stock

Name Product Standard brokerage for US shares Currency conversion fee Markets
eToro (global stocks)
US$0
50 pips (US$0.50 for every AU$100 exchanged)
Global shares, US shares, ETFs
Zero brokerage share trading on US, Hong Kong and European stocks with trades as low as $50.
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IG Share Trading
US$0
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
US$0
50 pips (US$0.50 for every AU$100 exchanged)
ASX shares, US shares
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
Saxo Capital Markets (Classic account)
US$4
1%
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
CommSec Share Trading Account
US$19.95
0.60%
ASX shares, Global shares, Options trading, ETFs
Trade with Australia's largest online stockbroking firm.
Enjoy fast, simple and affordable trades, with market leading research and broker recommendations all in one platform
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy The Macerich Company stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

The Macerich Company share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

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The Macerich Company price performance over time

Historical closes compared with the last close of $17.88

1 week (2021-11-22) -16.95%
1 month (2021-10-29) -1.16%
3 months (2021-08-27) 6.81%
6 months (2021-05-28) 12.38%
1 year (2020-11-27) 64.79%
2 years (2019-11-29) -33.61%
3 years (2018-11-29) -64.28%
5 years (2016-11-29) -74.14%

Is The Macerich Company under- or over-valued?

Valuing The Macerich Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Macerich Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

The Macerich Company's EBITDA

The Macerich Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$434.4 million (£0.0 million).

The EBITDA is a measure of a The Macerich Company's overall financial performance and is widely used to measure a its profitability.

The Macerich Company financials

Revenue TTM US$822.8 million
Operating margin TTM 14.06%
Gross profit TTM US$411 million
Return on assets TTM 0.82%
Return on equity TTM -5.56%
Profit margin -19.33%
Book value 14.415
Market capitalisation US$4.2 billion

TTM: trailing 12 months

The Macerich Company's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like The Macerich Company.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

The Macerich Company's total ESG risk score

Total ESG risk: 12.87

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and The Macerich Company's overall score of 12.87 (as at 12/31/2018) is excellent – landing it in it in the 6th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like The Macerich Company is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

The Macerich Company's environmental score

Environmental score: 0.09/100

The Macerich Company's environmental score of 0.09 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that The Macerich Company is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

The Macerich Company's social score

Social score: 5.76/100

The Macerich Company's social score of 5.76 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that The Macerich Company is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

The Macerich Company's governance score

Governance score: 6.02/100

The Macerich Company's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that The Macerich Company is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

The Macerich Company's controversy score

Controversy score: 1/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. The Macerich Company scored a 1 out of 5 for controversy – the highest score possible, reflecting that The Macerich Company has managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

The Macerich Company was last rated for ESG on: 2019-01-01.

Total ESG score 12.87
Total ESG percentile 6.18
Environmental score 0.09
Environmental score percentile 2
Social score 5.76
Social score percentile 2
Governance score 6.02
Governance score percentile 2
Level of controversy 1

The Macerich Company share dividends

31%

Dividend payout ratio: 30.99% of net profits

Recently The Macerich Company has paid out, on average, around 30.99% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.89% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), The Macerich Company shareholders could enjoy a 2.89% return on their shares, in the form of dividend payments. In The Macerich Company's case, that would currently equate to about $0.6 per share.

While The Macerich Company's payout ratio might seem fairly standard, it's worth remembering that The Macerich Company may be investing much of the rest of its net profits in future growth.

The Macerich Company's most recent dividend payout was on 2 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 November 2021 (the "ex-dividend date").

Have The Macerich Company's shares ever split?

The Macerich Company's shares were split on a 1014:1000 basis on 10 February 2010. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1014 shares. This wouldn't directly have changed the overall worth of your The Macerich Company shares – just the quantity. However, indirectly, the new 1.4% lower share price could have impacted the market appetite for The Macerich Company shares which in turn could have impacted The Macerich Company's share price.

The Macerich Company share price volatility

Over the last 12 months, The Macerich Company's shares have ranged in value from as little as US$9.3717 up to US$24.9818. A popular way to gauge a stock's volatility is its "beta".

MAC.US volatility(beta: 1.96)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while The Macerich Company's is 1.9605. This would suggest that The Macerich Company's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

The Macerich Company overview

Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 ? 2019).

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