Jefferies Financial Group Inc. Takes Position in Macerich Company (The) $MAC

Jefferies Financial Group Inc. bought a new stake in Macerich Company (The) (NYSE:MAC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 39,000 shares of the real estate investment trust’s stock, valued at approximately $720,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its stake in Macerich by 366.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,394 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,095 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Macerich by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,659 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 622 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Macerich by 11.6% in the fourth quarter. Handelsbanken Fonder AB now owns 77,256 shares of the real estate investment trust’s stock valued at $1,426,000 after purchasing an additional 8,000 shares during the last quarter. ProShare Advisors LLC grew its stake in Macerich by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 49,431 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 1,581 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Macerich by 1.2% in the fourth quarter. HighTower Advisors LLC now owns 46,116 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 87.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MAC. Evercore set a $22.00 target price on Macerich in a research note on Friday, May 8th. Citigroup lifted their target price on Macerich from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Mizuho lifted their target price on Macerich from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on Macerich from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, March 10th. Finally, Morgan Stanley set a $20.00 target price on Macerich in a research note on Tuesday, April 14th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.17.

Macerich Price Performance

Shares of MAC stock opened at $22.53 on Friday. Macerich Company has a fifty-two week low of $15.48 and a fifty-two week high of $22.92. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -31.72, a PEG ratio of 1.55 and a beta of 2.12. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50-day simple moving average is $21.03 and its 200-day simple moving average is $19.38.

Macerich (NYSE:MAC) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Macerich had a negative return on equity of 6.95% and a negative net margin of 18.22%.The business 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 earned $0.33 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts forecast that Macerich Company will post 1.46 earnings per share for the current fiscal year.

Macerich Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.17 per share. 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 payout ratio is presently -95.77%.

Key Stories Impacting Macerich

Here are the key news stories impacting Macerich this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $1.46 from $1.43, matching the current consensus and signaling confidence in Macerich’s near-term earnings power.
• Positive Sentiment: The firm also increased its Q3 2026 estimate to $0.36 from $0.35 and its Q3 2027 estimate to $0.41 from $0.40, while nudging FY2028 up to $1.64 from $1.63.
• Positive Sentiment: Earlier reporting noted Macerich set a new 52-week high, suggesting investor momentum remains supportive despite the latest analyst changes. Macerich (NYSE:MAC) Sets New 52-Week High – Here’s What Happened
• Neutral Sentiment: Analyst views were mixed overall, with some future-quarter estimates revised higher and others lowered, creating no clear directional surprise for the stock.
• Negative Sentiment: Zacks trimmed several estimates, including Q2 2026 to $0.32 from $0.33, Q1 2027 to $0.34 from $0.36, Q2 2027 to $0.37 from $0.39, Q4 2026 to $0.44 from $0.45, and FY2027 to $1.56 from $1.57, which may weigh on sentiment slightly.

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.