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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
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MAC240719C13000
- 1.58
- -0.21-11.73%
15min DelayClose Jul 2 16:00 ET
1.65High1.58Low
1.65Open1.79Pre Close20 Volume31 Open Interest13.00Strike Price3.23KTurnover0.00%IV-0.21%PremiumJul 19, 2024Expiry Date1.61Intrinsic Value100Multiplier16DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma9.74Leverage Ratio--Theta--Rho--Eff Leverage--Vega
Intraday
- 5D
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News
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
Macerich Is Maintained at Sell by Goldman Sachs
Macerich Is Maintained at Sell by Goldman Sachs
Express News | Goldman Sachs Maintains Sell on Macerich, Lowers Price Target to $12.5
Goldman Sachs Maintains Macerich Co(MAC.US) With Sell Rating, Raises Target Price to $12.5
Goldman Sachs analyst Caitlin Burrows maintains $Macerich Co(MAC.US)$ with a sell rating, and adjusts the target price from $9 to $12.5.According to TipRanks data, the analyst has a success rate of 45
Macerich Co. Walking Away From Santa Monica Place, Turning Shopping Center Over to Lenders
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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