What is Zacks Research's Estimate for Macerich Q1 Earnings?

The Macerich Company (NYSE:MAC - Free Report) - Research analysts at Zacks Research reduced their Q1 2025 earnings per share estimates for shares of Macerich in a report released on Thursday, March 20th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.33. The consensus estimate for Macerich's current full-year earnings is $1.55 per share. Zacks Research also issued estimates for Macerich's Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, FY2025 earnings at $1.45 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.46 EPS and FY2027 earnings at $1.64 EPS.

MAC has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Macerich from $22.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. Mizuho upgraded shares of Macerich from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $14.00 to $22.00 in a research report on Wednesday, December 4th. Jefferies Financial Group raised shares of Macerich from a "hold" rating to a "buy" rating and upped their target price for the stock from $19.00 to $23.00 in a report on Thursday, January 2nd. The Goldman Sachs Group decreased their price target on Macerich from $16.70 to $14.40 and set a "sell" rating on the stock in a report on Monday, March 10th. Finally, Scotiabank lowered their price objective on Macerich from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. Four 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.20.

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Macerich Stock Performance

Shares of NYSE MAC traded down $0.32 during trading on Monday, hitting $17.48. The company had a trading volume of 472,083 shares, compared to its average volume of 1,842,220. The stock has a 50 day simple moving average of $19.22 and a 200 day simple moving average of $19.15. The firm has a market capitalization of $4.41 billion, a P/E ratio of 44.85, a price-to-earnings-growth ratio of 0.71 and a beta of 2.62. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.92 and a current ratio of 0.92. Macerich has a 12 month low of $12.99 and a 12 month high of $22.27.

Macerich Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.89%. Macerich's dividend payout ratio (DPR) is -86.08%.

Insider Activity

In other news, Director Andrea M. Stephen sold 63,289 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $20.59, for a total transaction of $1,303,120.51. Following the sale, the director now directly owns 83,479 shares in the company, valued at approximately $1,718,832.61. This represents a 43.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company's stock.

Institutional Investors Weigh In On Macerich

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in shares of Macerich by 7.7% during the 3rd quarter. Victory Capital Management Inc. now owns 89,058 shares of the real estate investment trust's stock worth $1,624,000 after purchasing an additional 6,346 shares during the period. Intech Investment Management LLC purchased a new position in shares of Macerich during the third quarter valued at approximately $1,596,000. Charles Schwab Investment Management Inc. boosted its position in shares of Macerich by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,801,369 shares of the real estate investment trust's stock valued at $87,577,000 after buying an additional 113,128 shares during the period. Citigroup Inc. grew its stake in shares of Macerich by 32.3% during the third quarter. Citigroup Inc. now owns 359,069 shares of the real estate investment trust's stock valued at $6,549,000 after buying an additional 87,611 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Macerich by 21.9% in the third quarter. Cerity Partners LLC now owns 31,368 shares of the real estate investment trust's stock worth $572,000 after buying an additional 5,642 shares during the period. 87.38% of the stock is owned by 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.