Macerich (MAC) & Its Peers Head to Head Analysis

Macerich (NYSE:MAC) is one of 24 public companies in the “REIT – EQTY TRUST – RETAIL” industry, but how does it compare to its peers? We will compare Macerich to related businesses based on the strength of its risk, dividends, institutional ownership, valuation, profitability, analyst recommendations and earnings.

Analyst Recommendations

This is a breakdown of current ratings and target prices for Macerich and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Macerich	3	3	7	0	2.31
Macerich Competitors	376	2186	2324	86	2.43

Macerich presently has a consensus target price of $20.83, indicating a potential upside of 7.47%. As a group, “REIT – EQTY TRUST – RETAIL” companies have a potential upside of 4.99%. Given Macerich’s higher possible upside, analysts plainly believe Macerich is more favorable than its peers.

Insider and Institutional Ownership

87.4% of Macerich shares are owned by institutional investors. Comparatively, 85.3% of shares of all “REIT – EQTY TRUST – RETAIL” companies are owned by institutional investors. 0.2% of Macerich shares are owned by insiders. Comparatively, 9.3% of shares of all “REIT – EQTY TRUST – RETAIL” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Risk and Volatility

Macerich has a beta of 2.17, indicating that its share price is 117% more volatile than the S&P 500. Comparatively, Macerich’s peers have a beta of 0.95, indicating that their average share price is 5% less volatile than the S&P 500.

Dividends

Macerich pays an annual dividend of $0.68 per share and has a dividend yield of 3.5%. Macerich pays out -88.3% of its earnings in the form of a dividend. As a group, “REIT – EQTY TRUST – RETAIL” companies pay a dividend yield of 3.3% and pay out 113.7% of their earnings in the form of a dividend. Macerich is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.

Earnings & Valuation

This table compares Macerich and its peers gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Macerich	$1.01 billion	-$197.15 million	-25.18
Macerich Competitors	$1.57 billion	$468.16 million	34.85

Macerich’s peers have higher revenue and earnings than Macerich. Macerich is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Macerich and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Macerich	-19.44%	-7.32%	-2.25%
Macerich Competitors	30.04%	11.28%	4.19%

Summary

Macerich peers beat Macerich on 9 of the 15 factors compared.

About Macerich

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023).