Zacks Research Has Bullish Estimate for Macerich Q3 Earnings

Macerich Company (The) (NYSE:MAC) – Equities researchers at Zacks Research boosted their Q3 2026 earnings estimates for shares of Macerich in a note issued to investors on Wednesday, May 27th. Zacks Research analyst Team now expects that the real estate investment trust will post earnings per share of $0.36 for the quarter, up from their previous forecast of $0.35. The consensus estimate for Macerich’s current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Macerich’s FY2026 earnings at $1.46 EPS, Q3 2027 earnings at $0.41 EPS and FY2028 earnings at $1.64 EPS.

Macerich (NYSE:MAC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Macerich had a negative net margin of 18.22% and a negative return on equity of 6.95%. The firm had revenue of $241.54 million for the quarter, compared to analyst estimates of $233.06 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. Morgan Stanley set a $20.00 price target on shares of Macerich in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Macerich from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. The Goldman Sachs Group lifted their price target on shares of Macerich from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, May 15th. Mizuho lifted their price target on shares of Macerich from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Scotiabank lifted their price objective on shares of Macerich from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.17.

Macerich Stock Performance

Shares of MAC opened at $22.68 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.83 and a current ratio of 0.83. Macerich has a twelve month low of $15.23 and a twelve month high of $22.74. The firm’s 50 day moving average price is $20.88 and its two-hundred day moving average price is $19.32. The firm has a market cap of $5.93 billion, a P/E ratio of -31.95, a PEG ratio of 1.53 and a beta of 2.12.

Institutional Trading of Macerich

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in shares of Macerich by 14.7% in the first quarter. Fifth Third Bancorp now owns 3,666 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 471 shares during the last quarter. HighTower Advisors LLC increased its holdings in Macerich by 1.2% during the fourth 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 increased its holdings in Macerich by 76.8% during the fourth 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. increased its holdings in Macerich by 2.6% during the fourth 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. Finally, Bessemer Group Inc. increased its holdings in Macerich by 1.7% during the third 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. 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 will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.17 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.0%. Macerich’s dividend payout ratio (DPR) is -95.77%.

Macerich Company Profile

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.