Zacks Research Has Negative Outlook of Macerich Q4 Earnings

The Macerich Company (NYSE:MAC - Free Report) - Equities researchers at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Macerich in a research report issued on Monday, January 6th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $0.46 per share for the quarter, down from their previous forecast of $0.47. The consensus estimate for Macerich's current full-year earnings is $1.56 per share. Zacks Research also issued estimates for Macerich's Q3 2025 earnings at $0.39 EPS, FY2025 earnings at $1.53 EPS and FY2026 earnings at $1.64 EPS.

MAC has been the topic of a number of other research reports. Compass Point increased their target price on Macerich from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded Macerich from a "hold" rating to a "buy" rating and increased their price objective for the company from $19.00 to $23.00 in a research report on Thursday, January 2nd. Scotiabank raised Macerich from a "sector underperform" rating to a "sector perform" rating and set a $22.00 target price for the company in a research note on Tuesday, December 17th. StockNews.com cut shares of Macerich from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. Finally, Piper Sandler boosted their price objective on shares of Macerich from $14.00 to $17.00 and gave the stock an "underweight" rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Macerich has an average rating of "Hold" and an average price target of $19.24.

Macerich Price Performance

Shares of Macerich stock traded down $0.05 on Wednesday, hitting $20.38. 1,855,176 shares of the company traded hands, compared to its average volume of 1,586,255. Macerich has a 12-month low of $12.99 and a 12-month high of $22.27. 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 company has a market cap of $5.06 billion, a P/E ratio of 52.26, a P/E/G ratio of 0.75 and a beta of 2.51. The firm's 50-day simple moving average is $20.22 and its 200 day simple moving average is $17.66.

Macerich (NYSE:MAC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.90). Macerich had a return on equity of 3.15% and a net margin of 8.98%. The company had revenue of $220.20 million during the quarter, compared to the consensus estimate of $208.54 million. During the same quarter last year, the company posted $0.44 earnings per share. The firm's revenue for the quarter was up .9% on a year-over-year basis.

Macerich Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Tuesday, November 12th. Macerich's payout ratio is 174.36%.

Insider Buying and Selling at Macerich

In related news, Director Andrea M. Stephen sold 63,289 shares of Macerich stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $20.59, for a total value of $1,303,120.51. Following the sale, the director now owns 83,479 shares in the company, valued at $1,718,832.61. The trade was a 43.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.53% of the company's stock.

Institutional Investors Weigh In On Macerich

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in Macerich by 152.2% in the third quarter. Blue Trust Inc. now owns 1,546 shares of the real estate investment trust's stock worth $28,000 after buying an additional 933 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Macerich during the 2nd quarter worth approximately $50,000. GAMMA Investing LLC raised its position in shares of Macerich by 40.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,214 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 933 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Macerich in the 2nd quarter valued at approximately $129,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Macerich by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,374 shares of the real estate investment trust's stock valued at $150,000 after purchasing an additional 2,161 shares in the last quarter. 87.38% of the stock is owned by hedge funds and other institutional investors.

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.