Zacks Research Analysts Lift Earnings Estimates for Macerich

Macerich Company (The) (NYSE:MAC) – Investment analysts at Zacks Research lifted their Q1 2027 earnings estimates for shares of Macerich in a research note issued to investors on Wednesday, April 8th. Zacks Research analyst Team now anticipates that the real estate investment trust will earn $0.36 per share for the quarter, up from their prior forecast of $0.35. The consensus estimate for Macerich’s current full-year earnings is $1.55 per share. Zacks Research also issued estimates for Macerich’s Q2 2027 earnings at $0.39 EPS, Q3 2027 earnings at $0.40 EPS, Q4 2027 earnings at $0.43 EPS, FY2027 earnings at $1.57 EPS, Q1 2028 earnings at $0.39 EPS and FY2028 earnings at $1.63 EPS.

A number of other equities analysts have also recently issued reports on MAC. Scotiabank upgraded Macerich from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $19.00 to $22.00 in a report on Monday, March 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Macerich in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on Macerich from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, March 10th. Citigroup increased their target price on Macerich from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, Truist Financial increased their target price on Macerich from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Macerich has a consensus rating of “Hold” and a consensus target price of $20.83.

Macerich Price Performance

MAC stock opened at $20.67 on Thursday. The stock has a 50-day moving average price of $19.26 and a two-hundred day moving average price of $18.30. The stock has a market cap of $5.31 billion, a PE ratio of -26.84, a price-to-earnings-growth ratio of 1.34 and a beta of 2.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.01. Macerich has a 1 year low of $12.48 and a 1 year high of $20.93.

Macerich (NYSE:MAC) last released its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.50). Macerich had a negative net margin of 19.44% and a negative return on equity of 7.32%. The firm had revenue of $261.70 million during the quarter, compared to the consensus estimate of $260.48 million. During the same quarter in the prior year, the company earned $0.47 EPS. Macerich’s quarterly revenue was down 4.4% on a year-over-year basis.

Hedge Funds Weigh In On Macerich

A number of large investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its stake in shares of Macerich by 1.2% during the 4th quarter. HighTower Advisors LLC now owns 46,116 shares of the real estate investment trust’s stock worth $851,000 after buying an additional 530 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Macerich by 76.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,347 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 585 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Macerich by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,659 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 622 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Macerich by 1.7% during the 3rd quarter. Bessemer Group Inc. now owns 37,217 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 627 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Macerich by 5.5% during the 4th quarter. Osaic Holdings Inc. now owns 12,116 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 637 shares during the last quarter. 87.38% of the stock is currently owned by institutional investors and hedge funds.

Macerich Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, March 16th. Macerich’s dividend payout ratio is currently -88.31%.

About Macerich

The Macerich Company (NYSE: MAC) is a real estate investment trust (REIT) that specializes in the acquisition, development, ownership and management of regional shopping centers in the United States. Headquartered in Santa Monica, California, the company focuses on high-quality retail properties, including enclosed malls, open-air centers and mixed-use lifestyle destinations. Since its establishment as a REIT in 1994, Macerich has pursued a disciplined strategy of investing in properties that serve strong consumer demographics and offer long-term growth potential.

Macerich’s core activities encompass property and asset management, leasing, marketing and redevelopment services.