FY2027 EPS Estimates for Macerich Lowered by Zacks Research

The Macerich Company (NYSE:MAC - Free Report) - Analysts at Zacks Research dropped their FY2027 earnings per share (EPS) estimates for Macerich in a research note issued to investors on Thursday, April 24th. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $1.63 per share for the year, down from their prior forecast of $1.64. The consensus estimate for Macerich's current full-year earnings is $1.55 per share.

A number of other equities research analysts have also issued reports on MAC. Piper Sandler cut their price target on Macerich from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. Truist Financial raised Macerich from a "hold" rating to a "buy" rating and set a $19.00 price target on the stock in a report on Thursday, April 10th. The Goldman Sachs Group lowered their target price on shares of Macerich from $16.70 to $14.40 and set a "sell" rating on the stock in a report on Monday, March 10th. Jefferies Financial Group raised shares of Macerich from a "hold" rating to a "buy" rating and raised their target price for the company from $19.00 to $23.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley decreased their price target on shares of Macerich from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.95.

Macerich Price Performance

NYSE MAC opened at $14.64 on Friday. The company's 50 day moving average is $16.62 and its two-hundred day moving average is $18.78. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 0.71 and a beta of 2.17. Macerich has a 12 month low of $12.48 and a 12 month high of $22.27.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in Macerich by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 4,388 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 1,174 shares during the last quarter. Friedenthal Financial purchased a new position in Macerich in the 4th quarter worth about $771,000. Perpetual Ltd lifted its holdings in Macerich by 24.3% during the 4th quarter. Perpetual Ltd now owns 55,356 shares of the real estate investment trust's stock valued at $1,103,000 after buying an additional 10,830 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Macerich by 15.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 55,118 shares of the real estate investment trust's stock valued at $1,098,000 after buying an additional 7,314 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Macerich by 68.8% during the fourth quarter. Blue Trust Inc. now owns 2,610 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,064 shares during the period. Hedge funds and other institutional investors own 87.38% of the company's stock.

Macerich Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Tuesday, March 4th. Macerich's dividend payout ratio (DPR) is currently -86.08%.

Macerich Company Profile

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.

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