MAC · NYSE · STOCK
The Macerich (MAC) Stock Analysis
$22.26
52W $16.03 – $26.68
52/100
$6.62B
-34.2
2.10
Is MAC Bullish or Bearish?
Mixed.
Innellis AI committee rates The Macerich Company (MAC) Watch with a composite score of 52/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +7.64 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -12.36 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Dividend yield of 6.2% pays you to wait — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- ROE of only -6.6% -- cheap may mean cheap for a reason — Value
- Debt-to-equity of 2.07 adds balance-sheet risk to the value case — Value
- 4 consecutive earnings misses -- execution concerns — Growth
- High leverage (debt-to-equity 2.07) amplifies downside in a stress scenario — Risk
- Current ratio of 0.83 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
52/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 61%
of 80 Real Estate peers
Value Analyst
bearish
40
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
+ Dividend yield of 6.2% pays you to wait
− ROE of only -6.6% -- cheap may mean cheap for a reason
Growth Analyst
neutral
48
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− 4 consecutive earnings misses -- execution concerns
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
neutral
45
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
− High leverage (debt-to-equity 2.07) amplifies downside in a stress scenario
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 52.4 to 52.4.
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
37.8
Neutral
MACD Histogram
0.023
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$17.64
Resistance
$22.55
Bollinger %B
0.16
Inside Bands
Price vs Moving Averages
EMA 9
$22.52
Below
EMA 21
$22.75
Below
EMA 50
$23.27
Below
EMA 200
$22.14
Above
Fundamental Analysis
Valuation
97
Growth
31
Profitability
3
Financial Health
20
Cash Flow
70
Valuation
P/E Ratio
-34.2×
P/B Ratio
2.15×
PEG Ratio
-0.37
Dividend Yield
3.06%
52W High
$26.68
52W Low
$16.03
Quality & Growth
ROE
-805.1%
ROA
-235.6%
Gross Margin
2447.5%
Operating Margin
971.4%
Revenue Growth YoY
—
Debt / Equity
1.71
AI Fundamental Assessment
P/E ratio of -34.2 (inexpensive relative to a 15-40x range); Price-to-book of 2.2x; PEG ratio of -0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -8.1%; Return on assets of -2.4%; Net margin of -16.8%; Gross margin of 24.5%; Current ratio of 0.46 (tight short-term liquidity); Debt-to-equity of 1.71; Free cash flow per share is positive (0.77); Most recent quarter missed estimates by 74.8%; 4 consecutive earnings misses; EPS growth accelerating (-100.0% -> +28.6% QoQ); Analyst estimates falling over recent quarters
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