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The Macerich Company (MAC)
NYSE - NYSE Delayed Price. Currency in USD
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Even if the dividend only eventually goes back to 2 dollars where els are you going to get an annual almost 20 percent return like that ?
Despite lock down measures expanding, most of the epicenter stocks including MAC are holding ground. Looks like market is waiting for vaccine approval. Two weeks to go.
After vaccine is approved by Dec 10, MAC will be close to $20.
Based on Q3 FFO, MAC is worth $22 per share compared to SPG at $88.
MAC has 1.6 billion market cap and around 650 million of cash, their debt is non recourse all their places are open collecting rents plus they signed new significant leases going forward, the current price is relatively low a strong cash position
Most recent short stats released: 72.4 Mil shares as of Nov 13th.
SPG is looking at buyout of MAC now that TCO deal is done. They always wanted MAC and now are hoping to get it for way less than the $90/share they offered last time.
Amazing 750k share dump right at 10.99 at market to 10.75
Manipulation at its best
Let’s see if it gains a second wind and take 11 out
At some point shorts have to give in
How many times in your investing lifetime can you buy such high quality REITs at such massive discounts to NAV? Look at the charts as far back as you can and see when it has been the best times to buy. Prime, top quality assets that pay big and arguably very safe yields currently on sale and primed for the recovery. Real assets. Real income.
$SPG $BPY $MAC $RIOCF $HRUFF
Just a poll: what's your price target for MAC in Q1 2021 and Q4 2021?
For Q1 I would like to see 12 USD (and of course more) and by year-end 2021, 24 USD.
How do you retire on $180,000 savings? Buy 20,000 shares of MAC and get $60,000 annual dividend after pandemic is over.
How their leasing revenue and earnings fell that much from 2015 to 2019? Sears store closing?
Odds of MAC reaching the 10 year high again (without a forward split)?
P&F chart double top breakout. Price objective $19.50.
1. Macerich MAC owns 47 regional shopping malls near big urban centers in the United States. As of Oct 7, all of its properties had finally reopened. Rent collections have been improving since the spring. In the third quarter rent collections were at 80%, up from 61% in the second quarter. Macerich has resumed paying a dividend. Shares popped on the vaccine news, but are still cheap with a forward P/E of just 3.8x.
Today is a good opportunity for MAC short to exit and go home for the holiday and stay in peace.
Not sure if anyone else noticed this but we crossed 200 MA after 2years. This is definitely significant.. More squeeze to come
spring coil ladies and gentlemen, on top of that you could see a merger for 25 bucks here with vernado or SPG
Nice basing above 9 is going on. Once vaccine is approved, MAC could fly to 11-13, I hope.
For what it's worth, Morningstar continues to have a $34 fair value estimate for Macerich. Believe it or not, they increased by $1 during the summer from $33. They have a long term perspective based on normalized earnings, so we'll see.
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