Head to Head Survey: Macerich (MAC) and Its Competitors

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

Institutional & Insider Ownership

87.4% of Macerich shares are held by institutional investors. Comparatively, 85.3% of shares of all “REIT – EQTY TRUST – RETAIL” companies are held by institutional investors. 0.5% of Macerich shares are held by company insiders. Comparatively, 8.9% of shares of all “REIT – EQTY TRUST – RETAIL” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Macerich and its rivals’ 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%

Risk and Volatility

Macerich has a beta of 2.2, suggesting that its share price is 120% more volatile than the S&P 500. Comparatively, Macerich’s rivals have a beta of 0.96, suggesting that their average share price is 4% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Macerich and its rivals, 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	383	2198	2335	87	2.42

Macerich currently has a consensus price target of $20.77, suggesting a potential downside of 5.29%. As a group, “REIT – EQTY TRUST – RETAIL” companies have a potential downside of 2.07%. Given Macerich’s rivals stronger consensus rating and higher probable upside, analysts clearly believe Macerich has less favorable growth aspects than its rivals.

Dividends

Macerich pays an annual dividend of $0.68 per share and has a dividend yield of 3.1%. 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 3.0% and pay out 120.0% of their earnings in the form of a dividend. Macerich is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.

Valuation & Earnings

This table compares Macerich and its rivals top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Macerich	$1.01 billion	-$197.15 million	-28.48
Macerich Competitors	$1.57 billion	$468.16 million	37.74

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

Summary

Macerich rivals beat Macerich on 10 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).