Zacks Research Analysts Cut Earnings Estimates for Macerich

The Macerich Company (NYSE:MAC - Free Report) - Stock analysts at Zacks Research dropped their Q1 2025 earnings per share estimates for shares of Macerich in a research report issued to clients and investors on Thursday, March 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $0.31 for the quarter, down from their previous estimate 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.

Other analysts also recently issued reports about the company. Mizuho raised Macerich from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $14.00 to $22.00 in a report on Wednesday, December 4th. The Goldman Sachs Group decreased their target price on Macerich from $16.70 to $14.40 and set a "sell" rating for the company in a research note on Monday, March 10th. Scotiabank dropped their price target on shares of Macerich from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Macerich in a research report on Tuesday, December 17th. They set a "hold" rating and a $22.00 price objective for the company. Finally, Jefferies Financial Group raised shares of Macerich from a "hold" rating to a "buy" rating and increased their target price for the company from $19.00 to $23.00 in a research report on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.49.

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Macerich Stock Down 0.5 %

Shares of MAC stock traded down $0.09 on Monday, reaching $17.32. 1,368,886 shares of the stock were exchanged, compared to its average volume of 1,839,642. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 0.71 and a beta of 2.62. The business's 50 day moving average price is $19.13 and its 200 day moving average price is $19.15. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. Macerich has a twelve month low of $12.99 and a twelve month high of $22.27.

Institutional Investors Weigh In On Macerich

Several large investors have recently modified their holdings of MAC. Quantbot Technologies LP acquired a new position in Macerich in the 4th quarter valued at $30,000. Lazard Asset Management LLC acquired a new position in shares of Macerich during the fourth quarter worth about $45,000. Blue Trust Inc. raised its holdings in 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 purchasing an additional 1,064 shares in the last quarter. State of Wyoming acquired a new stake in Macerich in the fourth quarter valued at about $55,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Macerich by 314.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,467 shares of the real estate investment trust's stock valued at $69,000 after purchasing an additional 2,630 shares in the last quarter. Hedge funds and other institutional investors own 87.38% of the company's stock.

Macerich Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.93%. 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.