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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$13.08 after a previous close of US$13.15. During the day the price has varied from a low of USD12.86 to a high of USD13.91. The latest price was USD13.875 (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
- 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.
- 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.
- 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.
- 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.
- Decide on how many to buy. 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.
- 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.
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What's in this guide?
- The Macerich Company key stats
- Compare share trading platforms
- Is The Macerich Company stock a buy or sell?
- The Macerich Company performance over time
- Can I short The Macerich Company shares?
- Is The Macerich Company suitable for ethical investing?
- Are The Macerich Company shares over-valued?
- The Macerich Company's financials
- How volatile are The Macerich Company shares?
- Does The Macerich Company pay a dividend?
- Have The Macerich Company shares ever split?
- Other common questions
The Macerich Company share priceUse our graph to track the performance of MAC stocks over time.
The Macerich Company shares at a glance
|52-week range||US$4.2043 - US$25.6826|
|50-day moving average||US$13.6376|
|200-day moving average||US$9.8149|
|Dividend yield||US$1.55 (11.6%)|
|Earnings per share (TTM)||US$0.383|
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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 price performance over time
|1 week (2021-02-13)||N/A|
|1 month (2021-01-20)||N/A|
|3 months (2020-11-20)||N/A|
|6 months (2020-08-20)||N/A|
|1 year (2020-02-20)||N/A|
|2 years (2019-02-20)||N/A|
|3 years (2018-02-20)||N/A|
|5 years (2016-02-20)||N/A|
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 P/E ratio
The Macerich Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, The Macerich Company shares trade at around 17x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
The Macerich Company's EBITDA
The Macerich Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$387.9 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$759 million|
|Operating margin TTM||8.04%|
|Gross profit TTM||US$411 million|
|Return on assets TTM||0.42%|
|Return on equity TTM||-9.3%|
|Market capitalisation||US$2 billion|
TTM: trailing 12 months
Shorting The Macerich Company shares
There are currently 34.3 million The Macerich Company shares held short by investors – that's known as The Macerich Company's "short interest". This figure is 57.5% down from 80.6 million last month.
There are a few different ways that this level of interest in shorting The Macerich Company shares can be evaluated.
The Macerich Company's "short interest ratio" (SIR)
The Macerich Company's "short interest ratio" (SIR) is the quantity of The Macerich Company shares currently shorted divided by the average quantity of The Macerich Company shares traded daily (recently around 9.7 million). The Macerich Company's SIR currently stands at 3.54. In other words for every 100,000 The Macerich Company shares traded daily on the market, roughly 3540 shares are currently held short.
However The Macerich Company's short interest can also be evaluated against the total number of The Macerich Company shares, or, against the total number of tradable The Macerich Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Macerich Company's short interest could be expressed as 0.23% of the outstanding shares (for every 100,000 The Macerich Company shares in existence, roughly 230 shares are currently held short) or 0.375% of the tradable shares (for every 100,000 tradable The Macerich Company shares, roughly 375 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against The Macerich Company.
Find out more about how you can short The Macerich Company stock.
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 01/01/2019) 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
|Total ESG score||12.87|
|Total ESG percentile||6.18|
|Environmental score percentile||2|
|Social score percentile||2|
|Governance score percentile||2|
|Level of controversy||1|
The Macerich Company share dividends
Dividend payout ratio: 43.02% of net profits
Recently The Macerich Company has paid out, on average, around 43.02% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.49% 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 4.49% return on their shares, in the form of dividend payments. In The Macerich Company's case, that would currently equate to about $1.55 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 3 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 18 February 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 11 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$4.2043 up to US$25.6826. A popular way to gauge a stock's volatility is its "beta".
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 2.0187. This would suggest that The Macerich Company's shares are significantly more volatile than the average for this exchange and represent a higher risk.
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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