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Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
US Stock MarketDetailed Quotes
MAC Macerich Co
- 16.170
- +0.170+1.06%
Close Jul 18 16:00 ET
- 15.800
- -0.370-2.29%
Post 16:08 ET
3.49BMarket Cap-10106P/E (TTM)
16.530High15.865Low2.03MVolume15.900Open16.000Pre Close32.93MTurnover0.95%Turnover RatioLossP/E (Static)215.75MShares17.50352wk High1.53P/B3.47BFloat Cap8.87552wk Low0.68Dividend TTM214.34MShs Float59.984Historical High4.21%Div YieldTTM4.16%Amplitude2.086Historical Low16.241Avg Price1Lot Size
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News
Truist Financial Maintains Macerich Co(MAC.US) With Hold Rating, Maintains Target Price $16
Truist Financial analyst Ki Bin Kim maintains $Macerich Co(MAC.US)$ with a hold rating, and maintains the target price at $16.According to TipRanks data, the analyst has a success rate of 66.4% and
Piper Sandler Maintains Macerich Co(MAC.US) With Sell Rating, Maintains Target Price $11
Piper Sandler analyst Alexander Goldfarb maintains $Macerich Co(MAC.US)$ with a sell rating, and maintains the target price at $11.According to TipRanks data, the analyst has a success rate of 54.1%
Morgan Stanley Downgrades Macerich Co(MAC.US) to Sell Rating, Maintains Target Price $12.5
Morgan Stanley analyst Ronald Kamdem downgrades $Macerich Co(MAC.US)$ to a sell rating, and maintains the target price at $12.5.According to TipRanks data, the analyst has a success rate of 56.0%
Express News | Macerich Co : Jefferies Cuts Target Price to $14 From $15
A Luxury Makeover Awaits One of America's Oldest Shopping Centers -- WSJ
By Kate King | Photographs by Arin Yoon for WSJ A Texas developer is spending $275 million on one of America's oldest shopping centers, betting that he can tap in to booming demand for luxury goods b
Macerich Schedules Second Quarter 2024 Earnings Release and Conference Call
SANTA MONICA, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- WHAT: Macerich (NYSE:MAC) Schedules Second Quarter 2024 Earnings Release and Conference Call WHEN: Earnings Results will be released before market
Comments
Median rent price falls to $1,967/month in November marking its largest decline in 3 years, according to Redfin.
The median asking rent price fell 2.1% year-over-year just after breaking above $2,000/month.
Meanwhile, housing starts skyrocketed by 14.8% in November to their highest level since May 2022.
These numbers have yet to account for the 100+ basis point drop in interest rates from their peak.
The "Fed pivot" is spreading into housing.
$Dow Jones Industrial Average(.DJI.US$ $Zillow-C(Z.US$ $LTC Properties Inc(LTC.US$ $Macerich Co(MAC.US$
The median asking rent price fell 2.1% year-over-year just after breaking above $2,000/month.
Meanwhile, housing starts skyrocketed by 14.8% in November to their highest level since May 2022.
These numbers have yet to account for the 100+ basis point drop in interest rates from their peak.
The "Fed pivot" is spreading into housing.
$Dow Jones Industrial Average(.DJI.US$ $Zillow-C(Z.US$ $LTC Properties Inc(LTC.US$ $Macerich Co(MAC.US$
1
Where are Home Prices still increasing? 📈
The Rust Belt.
Hartford, Rochester, New Haven, and Milwaukee have all seen 8% appreciation since the bubble peaked in mid-2022.
Now who saw that coming?
$Zillow-C(Z.US$ $Macerich Co(MAC.US$ $Mid-America Apartment Communities Inc(MAA.US$ $ARMOUR Residential REIT Inc(ARR.US$
The Rust Belt.
Hartford, Rochester, New Haven, and Milwaukee have all seen 8% appreciation since the bubble peaked in mid-2022.
Now who saw that coming?
$Zillow-C(Z.US$ $Macerich Co(MAC.US$ $Mid-America Apartment Communities Inc(MAA.US$ $ARMOUR Residential REIT Inc(ARR.US$
Pending home sales just hit their lowest level in history.
In October, US pending home sales fell 1.5% putting sales down 6.6% over the last year.
This also marks the 23rd STRAIGHT decline in US pending home sales.
To put this in perspective, pending home sales are more than 10% BELOW what they were in 2010.
They are also ~3% below the pandemic low when the global economy was in a lockdown.
All as mortgage demand is at its lowest levels since 1994.
The housing market is coming to a complete halt...
In October, US pending home sales fell 1.5% putting sales down 6.6% over the last year.
This also marks the 23rd STRAIGHT decline in US pending home sales.
To put this in perspective, pending home sales are more than 10% BELOW what they were in 2010.
They are also ~3% below the pandemic low when the global economy was in a lockdown.
All as mortgage demand is at its lowest levels since 1994.
The housing market is coming to a complete halt...
The economy is hanging tough in part because of the graceful adjustment of asset prices to Fed tightening. While overvalued stock, bond and real estate markets have bent, they have not broken. Americans remain wealthier than before the pandemic, and key to why they keep spending.
$Zillow-C(Z.US$ $ARMOUR Residential REIT Inc(ARR.US$ $Macerich Co(MAC.US$
$Zillow-C(Z.US$ $ARMOUR Residential REIT Inc(ARR.US$ $Macerich Co(MAC.US$
1
A record ~40% of all US homes currently don't have mortgages.
At first, this seems like great news, but it really just emphasizes how unaffordable this market is.
Currently, a record ~35% of housing market transactions are all cash purchases.
In other words, this market is becoming only affordable for those who are buying with cash.
As interest rates hit 20-year highs and home prices are up 30%+ since 2020, affordability is only getting worse.
We have an affordability crisis.
$Zillow-C(Z.US$ $LTC Properties Inc(LTC.US$ $Macerich Co(MAC.US$ $ARMOUR Residential REIT Inc(ARR.US$
At first, this seems like great news, but it really just emphasizes how unaffordable this market is.
Currently, a record ~35% of housing market transactions are all cash purchases.
In other words, this market is becoming only affordable for those who are buying with cash.
As interest rates hit 20-year highs and home prices are up 30%+ since 2020, affordability is only getting worse.
We have an affordability crisis.
$Zillow-C(Z.US$ $LTC Properties Inc(LTC.US$ $Macerich Co(MAC.US$ $ARMOUR Residential REIT Inc(ARR.US$
2
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