Comparing Macerich (MAC) & VICI Properties (VICI)

Macerich (NYSE: MAC) and VICI Properties (NYSE:VICI) are both mid-cap finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, valuation, risk, earnings, dividends, profitability and analyst recommendations.

Valuation & Earnings

This table compares Macerich and VICI Properties’ gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Macerich $993.66 million 7.90 $146.13 million $3.93 14.17
VICI Properties $187.60 million 40.61 $42.66 million N/A N/A

Macerich has higher revenue and earnings than VICI Properties.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Macerich and VICI Properties, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Macerich 1 9 6 0 2.31
VICI Properties 0 4 3 0 2.43

Macerich presently has a consensus price target of $64.47, indicating a potential upside of 15.76%. VICI Properties has a consensus price target of $22.00, indicating a potential upside of 6.80%. Given Macerich’s higher possible upside, equities research analysts plainly believe Macerich is more favorable than VICI Properties.

Dividends

Macerich pays an annual dividend of $2.96 per share and has a dividend yield of 5.3%. VICI Properties pays an annual dividend of $0.64 per share and has a dividend yield of 3.1%. Macerich pays out 75.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Macerich has increased its dividend for 7 consecutive years. Macerich is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Institutional and Insider Ownership

95.1% of Macerich shares are owned by institutional investors. 3.8% of Macerich shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Macerich and VICI Properties’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Macerich 4.40% 1.48% 0.61%
VICI Properties N/A N/A N/A

Summary

Macerich beats VICI Properties on 11 of the 14 factors compared between the two stocks.

Macerich Company Profile

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago, and the New York Metro area to Washington DC corridor. A recognized leader in sustainability, Macerich has earned NAREIT's prestigious "Leader in the Light" award every year from 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.

VICI Properties Company Profile

VICI Properties Inc. owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. The company operates through two segments, Real Property Business and Golf Course Business. Its property portfolio consists of 19 properties, including Caesars Palace, a gaming facility in the Las Vegas Strip. The company also owns and operates four golf courses. VICI Properties Inc. was founded in 2016 and is headquartered in Las Vegas, Nevada.

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