Find Call and Put Strike Prices, Last Price, Change, Volume, and more for Macerich stock options. As the chart below shows, its key operating metrics have continued to trend higher over the last 10 years, even as the retail apocalypse has inflicted financial pain on many of its peers.Image Source: Macerich Investor Presentation.Macerich appears to be doing everything right as a REIT shopping center operator. Macerich's average mall produces sales per square foot of $746 compared to the industry average mall at $571. This gives a good idea of the issue with Macerich -- its heavy debt load.Even as states begin to reopen, there are concerns that shoppers may avoid the big shopping centers, which means a reopening doesn't necessarily mean the company is out of the woods.Stock Advisor launched in February of 2002. The beaten-down stock is now offering a 10% yield.Stock Advisor launched in February of 2002.
In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages. Stock prices for publicly traded shopping center operators have fallen sharply as a result, and The Macerich Company (NYSE:MAC) real estate investment trust (REIT) is no exception.
In 2019, Macerich earned funds from operations (FFO) per share of $3.53; the payout ratio (dividend over FFO) was 85%. Macerich has a heavy debt load. To me it is a good investment. Motley Fool. Despite this, its share price has fallen precipitously, along with the rest of the mall sector. The Macerich Company is a real estate investment trust (REIT) focused on managing luxury malls in the United States. Tweet . Keeping this in mind, … Take in to account taxtation, however. Retailers will go to where the shoppers are, and Macerich's superior productivity metrics will continue attracting tenants even when closures and vacancies are rising in less prosperous malls.While there is certainly a chance that the retail industry's woes could spread to high-end luxury malls, the recent share price action in Macerich's appears to be more of a buying opportunity. The graph below displays the number of hedge funds with bullish position in MAC over the last 18 quarters. As e-commerce reshaped the landscape in … There is good reason to believe that its business model is insulated from the issues that are driving store closures among some retailers, and clearly, its malls are performing well.Macerich is clearly doing some interesting things to keep its malls attractive to shoppers and tenants. Though in the case of Macerich, it is expected to deliver a highly negative earnings growth in the next few years, which doesn’t help build up its investment thesis. Take in to account taxtation, however.