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 | US$ 881.3 million (2012) |
Total assets | US$ 9.31 billion (2012) |
Total equity | 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.
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 |
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
In MAC 236 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 30.99M |
BlackRock Inc. | 29.91M |
Smead Capital Management, Inc. | 18.12M |
STATE STREET CORP | 13.03M |
COHEN & STEERS CAPITAL MANAGEMENT INC | 10.72M |
JPMORGAN CHASE & CO | 6.16M |
BlackRock Institutional Trust Company, N.A. | 5.07M |
BlackRock Fund Advisors | 4.60M |
GEODE CAPITAL MANAGEMENT, LLC | 4.28M |
Epoch Investment Partners, Inc. | 3.89M |
NORTHERN TRUST CORP | 3.60M |
LETKO, BROSSEAU & ASSOCIATES INC | 3.52M |
GOLDMAN SACHS GROUP INC | 3.03M |
MORGAN STANLEY | 2.96M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 2.84M |
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 / |