MAC Stock Summary and Trading Ideas (Macerich Company | NYSE:MAC)

The Macerich Company invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and 14 regional malls in its unconsolidated portfolio along with three power centers and seven other real estate assets. The company's total portfolio has 45.5 million square feet of gross leasable area and averaged $836 sales per square foot over the 12 months ended in December 2023.

Macerich Company trades on the NYSE stock market under the symbol MAC.

As of February 14, 2025, MAC stock price declined to $20.50 with 645,028 million shares trading.

MAC has a beta of 1.20, meaning it tends to be more sensitive to market movements. MAC has a correlation of 0.24 to the broad based SPY ETF.

MAC has a market cap of $5.17 billion. This is considered a Mid Cap stock.

Last quarter Macerich Company reported $220 million in Revenue and $.36 earnings per share. This beat revenue expectation by $534,000 and missed earnings estimates by -$.04.

In the last 3 years, MAC traded as high as $22.27 and as low as $7.40.

The top ETF exchange traded funds that MAC belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VB.

MAC has outperformed the market in the last year with a return of +29.6%, while the SPY ETF gained +23.7%. In the last 3 month period, MAC beat the market returning +6.6%, while SPY returned +3.1%. However, in the most recent 2 weeks MAC has underperformed the stock market by returning -1.3%, while SPY returned +1.3%.

MAC support price is $20.44 and resistance is $21.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAC shares will trade within this expected range on the day.