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MAC $19.14

MAC target price
19.14
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0
The Macerich Company
Type
Public
Traded as NYSE: MAC
S&P 500 Component
Industry Real estate investment trusts
Founded Santa Monica, California, (1964)
Headquarters 401 Wilshire Boulevard
Santa Monica, California,
Area served
United States
Key people
Arthur M. Coppola (CEO)
Revenue Increase US$ 881.3 million (2012)
Total assets Increase US$ 9.31 billion (2012)
Total equity Increase US$ 3.416 billion (2012)
Number of employees
3,000 (2008)
Website Macerich.com

Macerich is a self-managed Real Estate Investment Trust headquartered in Santa Monica, California. It is the third-largest owner and operator of shopping centers in the United States.

It traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by Mace Siegel and Richard Cohen who combined their first names to name their company. After years of buying and owning shopping centers privately, in 1994 the company went public as "The Macerich Company". In 2006, the company name was rebranded to "Macerich."

In 2002, Macerich acquired Phoenix-based Westcor Partners for $1.475 billion. The purchase added nine properties to Macerich's portfolio, including Scottsdale Fashion Square. Three years later, it acquired Rochester-based Wilmorite Properties for $2.333 billion, adding 11 shopping centers to Macerich's portfolio including Tysons Corner Center.

On April 1 2015, the company rejected a $16.8 Billion takeover offer from Simon Property Group. Macerich rejected the takeover bid on the grounds that Simon undervalued the company and its future potential growth.

The Macerich Company was a NORAD Tracks Santa program partner and sponsor for the 2005 and 2006 NORAD Tracks Santa seasons. As part of that sponsorship, from November 18 to December 25, 2005, for the 50th anniversary of the NORAD Tracks Santa program, the Citadel Mall (owned by The Macerich Company from 1997 to 2006) had a massive Santa Tracking Village that included a 25-foot tree, a tracking map and viewfinder where children and the young at heart could watch a NORAD Tracks Santa video, hear audio messages of peace from children around the world, and receive a 24-page coloring book with Santa's assistants wearing NORAD patches. This NORAD/Santa Tracking Station effort was expanded upon, in cooperation with the Becker Group [1], so that by November 2007, NORAD/Santa Tracking Stations were featured at Macerich property locations, such as:

The NORAD/Santa Tracking Stations featured many interactive elements, including a state-of-the-art green screen photo operation, which digitally puts Santa and guests into an airborne sleigh flying over famous world landmarks. The overall experience provided retail centers with multiple benefits such as extended "stays of visit," additional, and changing foot-traffic patterns and property brand recognition. The result was a wonderful, and inventive boost to the physical shopping experience at the Macerich malls featuring NORAD/Santa Tracking Stations.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-07-28 -0.07 -0.07
Q1 2022 2022-05-09 -0.17 -0.17
Q4 2021 2022-02-10 -0.08 -0.08
Q3 2021 2021-11-03 0.50 0.50
Q2 2021 2021-08-04 -0.06 -0.06
Q1 2021 2021-05-11 -0.40 -0.40
Q4 2020 2021-02-11 -0.18 -0.18
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-08-11 -0.18 -0.18

Ratings

2016-05-06 Upgrade RBC Capital Sector Perform to Outperform $82.00 to $87.00
2016-05-06 Upgrade Royal Bank Of Canada Sector Perform to Outperform $82.00 to $87.00
2016-05-05 Reiterated Rating Jefferies Group Hold $78.00
2016-05-04 Reiterated Rating Canaccord Genuity Hold $80.00
2016-04-13 Initiated Coverage Mizuho Neutral $88.00
2016-04-06 Downgrade Boenning Scattergood Outperform to Neutral
2016-03-28 Downgrade Bank of America Buy to Neutral
2016-03-28 Downgrade Bank of America Corp. Buy to Neutral
2016-03-21 Boost Price Target Evercore ISI $81.00
2016-03-21 Lower Price Target Deutsche Bank Hold $85.00 to $80.00
2016-03-21 Lower Price Target Deutsche Bank AG Hold $85.00 to $80.00
2016-03-16 Reiterated Rating Credit Suisse Sell $76.00
2016-03-16 Reiterated Rating Credit Suisse Group AG Sell $76.00
2016-03-07 Boost Price Target Evercore ISI Hold $76.00 to $79.00
2016-02-04 Lower Price Target Evercore ISI $77.00 to $76.00
2016-02-04 Boost Price Target Credit Suisse Underperform $74.00 to $76.00
2016-02-04 Reiterated Rating Canaccord Genuity Hold $80.00
2016-01-14 Boost Price Target SunTrust Neutral $80.00 to $83.00
2016-01-14 Boost Price Target SunTrust Banks Inc. Neutral $80.00 to $83.00
2016-01-12 Upgrade Bank of America Neutral to Buy $92.00
2016-01-05 Boost Price Target Deutsche Bank Hold $83.00 to $85.00
2015-12-04 Initiated Coverage Boenning Scattergood Outperform $90.00
2015-11-16 Lower Price Target Jefferies Group $84.00 to $80.00
2015-11-16 Lower Price Target Evercore ISI Hold $81.00 to $78.00
2015-11-03 Boost Price Target RBC Capital Sector Perform $83.00 to $86.00
2015-10-29 Reiterated Rating Canaccord Genuity Hold $80.00
2015-10-20 Boost Price Target Barclays Equal Weight $84.00 to $88.00
2015-10-20 Boost Price Target Barclays PLC Equal Weight $84.00 to $88.00
2015-10-14 Boost Price Target Cowen and Company $85.50 to $102.00
2015-10-07 Reiterated Rating RBC Capital Sector Perform $83.00
2015-09-08 Reiterated Rating Evercore ISI Hold $84.00 to $81.00
2015-09-08 Lower Price Target Evercore Partners Inc. Hold $84.00 to $81.00
2015-07-29 Reiterated Rating Canaccord Genuity Hold $80.00
2015-07-22 Initiated Coverage Canaccord Genuity Hold $78.00
2015-07-21 Boost Price Target Jefferies Group Hold $81.00 to $84.00
2015-07-21 Initiated Coverage Deutsche Bank Hold $82.00
2015-07-20 Lower Price Target Barclays Equal Weight $88.00 to $82.00
2015-06-09 Reiterated Rating Evercore ISI Hold $81.00 to $79.00
2015-05-26 Downgrade Credit Suisse Neutral to Underperform $77.00
2015-05-11 Boost Price Target Citigroup Inc. Neutral $78.00 to $82.00
2015-04-17 Reiterated Rating Morgan Stanley Equal to Equal Weight $79.00
2015-04-15 Boost Price Target Barclays Equal Weight $87.00 to $88.00
2015-04-13 Initiated Coverage Goldman Sachs Neutral $82.00
2015-04-13 Initiated Coverage Goldman Sachs Group Inc. Neutral $82.00
2015-04-08 Reiterated Rating JPMorgan Chase & Co. Neutral
2015-04-06 Initiated Coverage JPMorgan Chase & Co. Neutral to Overweight $85.00
2015-04-02 Upgrade Credit Suisse Underperform to Neutral $78.00
2015-03-16 Boost Price Target SunTrust Neutral $88.00 to $95.00
2015-02-13 Reiterated Rating Citigroup Inc. Hold $82.00 to $86.00
2015-02-09 Reiterated Rating Deutsche Bank Hold $83.00 to $84.00
2015-02-05 Reiterated Rating MLV & Co. Hold $80.00
2015-01-26 Boost Price Target Deutsche Bank Hold $78.00 to $83.00
2015-01-23 Boost Price Target Cowen and Company Outperform $81.50 to $95.00
2015-01-21 Downgrade Credit Suisse Neutral to Underperform
2015-01-08 Downgrade Bank of America Buy to Neutral
2014-12-18 Downgrade MLV & Co. Buy to Hold $80.00
2014-12-16 Downgrade Citigroup Inc. Buy to Neutral $72.00 to $82.00
2014-12-11 Downgrade Deutsche Bank Buy to Hold $78.00
2014-12-09 Boost Price Target Barclays Equal Weight $72.00 to $78.00
2014-11-24 Downgrade Sandler O'Neill Buy to Hold $77.00 to $82.00
2014-11-24 Boost Price Target Credit Suisse Neutral $71.00 to $75.00
2014-11-21 Downgrade KeyBanc Buy to Hold
2014-11-21 Downgrade KeyCorp Buy to Hold
2014-11-20 Reiterated Rating Deutsche Bank Buy $70.00 to $78.00
2014-11-20 Downgrade BMO Capital Markets Outperform to Market Perform $74.00 to $76.00
2014-11-11 Initiated Coverage Credit Suisse Neutral
2014-08-26 Upgrade BMO Capital Markets Market Perform to Outperform $71.00 to $74.00
2014-08-14 Boost Price Target Cowen and Company Outperform $74.00 to $76.00
2014-08-06 Reiterated Rating Citigroup Inc. Buy $73.00 to $72.00
2014-08-05 Reiterated Rating Jefferies Group Hold $73.00 to $70.00
2014-07-29 Reiterated Rating Deutsche Bank Buy $68.00 to $70.00
2014-07-28 Boost Price Target BMO Capital Markets $66.00 to $71.00
2014-07-25 Reiterated Rating Credit Suisse Underperform $62.00 to $69.00
2014-07-24 Boost Price Target Evercore ISI Neutral $66.00
2014-07-22 Boost Price Target Jefferies Group $65.00 to $73.00
2014-07-21 Boost Price Target Barclays Equal Weight $64.00 to $69.00
2014-05-13 Boost Price Target Jefferies Group $60.00 to $65.00
2014-05-05 Upgrade Global Hunter Securities Accumulate to Buy
2014-05-05 Upgrade Seaport Global Securities Accumulate to Buy
2014-04-22 Boost Price Target Barclays Equal Weight $61.00 to $64.00
2014-03-25 Initiated Coverage MLV & Co. Buy $73.00
2014-03-20 Upgrade Sandler O'Neill Hold to Buy
2014-03-10 Boost Price Target Barclays Equal Weight $58.00 to $61.00
2014-02-11 Lower Price Target RBC Capital $65.00 to $63.00
2014-02-11 Boost Price Target Jefferies Group $57.00 to $60.00
2014-02-05 Reiterated Rating Morgan Stanley Positive
2014-01-22 Upgrade Cowen and Company Market Perform to Outperform $59.00 to $70.00
2014-01-15 Lower Price Target Deutsche Bank $67.00 to $64.00
2013-09-19 Initiated Coverage Credit Suisse Underperform $58.00
2013-09-18 Reiterated Rating RBC Capital Hold $65.00
2013-09-18 Lower Price Target Jefferies Group Hold $68.00 to $60.00
2013-01-15 Initiated Imperial Capital In-line $60
2012-05-14 Downgrade Stifel Nicolaus Buy to Hold
2010-08-19 Initiated Barclays Capital Overweight $45
2016-05-06 Upgrade RBC Capital Sector Perform to Outperform $82.00 to $87.00
2016-05-06 Upgrade Royal Bank Of Canada Sector Perform to Outperform $82.00 to $87.00
2016-05-05 Reiterated Rating Jefferies Group Hold $78.00
2016-05-04 Reiterated Rating Canaccord Genuity Hold $80.00
2016-04-13 Initiated Coverage Mizuho Neutral $88.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
1700480 ONTARIO INC 16.55%  (23286237) MAC /
ONTARIO TEACHERS PENSION PLAN BOARD 16.53%  (23258555) GNC / INCR / MAC /
COPPOLA EDWARD C President 0.19%  (263645) MAC /
ANDERSON DANA K Vice Chairman of the Board 0.09%  (129135) MAC /
COPPOLA ARTHUR M Chairman & CEO 0.08%  (105574) MAC /
MOORE STANLEY A 0.04%  (61745) MAC /
O HERN THOMAS E Senior EVP, Treasurer & CFO 0.03%  (48621) DEI / MAC /
HUBBELL FRED S 0.03%  (47804) MAC / VOYA /
Brant Randy L EVP, Real Estate 0.02%  (31178) MAC /
PERLMUTTER ROBERT D EVP, Leasing 0.02%  (29154) CLDT / MAC /
LAING DIANA 0.02%  (21822) AMH / MAC /
Salo Eric V Executive Vice President 0.01%  (20222) MAC /
Ross Mason G 0.01%  (16424) MAC /
Stephen Andrea M 0.01%  (12436) MAC /
SOBOROFF STEVEN L 0.01%  (9958) MAC /
Abbey Douglas D 0.01%  (7792) ARI / MAC /