Macerich (MAC) & Its Peers Head-To-Head Analysis

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

Valuation and Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Macerich	$1.01 billion	-$197.15 million	-24.76
Macerich Competitors	$1.57 billion	$468.16 million	34.44

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

Dividends

Macerich pays an annual dividend of $0.68 per share and has a dividend yield of 3.6%. 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 3.4% and pay out 113.3% of their earnings in the form of a dividend. Macerich is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.

Profitability

This table compares Macerich and its competitors’ 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%

Analyst Recommendations

This is a summary of current ratings and price targets for Macerich and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Macerich	3	5	6	0	2.21
Macerich Competitors	375	2183	2321	85	2.43

Macerich presently has a consensus price target of $20.46, indicating a potential upside of 7.33%. As a group, “REIT – EQTY TRUST – RETAIL” companies have a potential upside of 7.80%. Given Macerich’s competitors stronger consensus rating and higher probable upside, analysts clearly believe Macerich has less favorable growth aspects than its competitors.

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

Risk & Volatility

Macerich has a beta of 2.17, meaning that its share price is 117% more volatile than the S&P 500. Comparatively, Macerich’s competitors have a beta of 0.94, meaning that their average share price is 6% less volatile than the S&P 500.

Summary

Macerich competitors beat Macerich on 11 of the 15 factors compared.

Macerich Company Profile

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).